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Real Estate Weekly – 5/24/13

BY: Daily Record Staff
POSTED: May 24, 2013
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State readies $8.6M plan to aid Somerset Co. hurricane victims The Maryland Department of Housing and Community Development is putting the final touches on the state’s $8.6 million plan to help Somerset County residents recover from Hurricane Sandy, offering storm-struck victims a range of options according to their housing needs. Those options include replacing or [...]


New home sales up 2.3 percent in April

BY: Associated Press
POSTED: May 23, 2013
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WASHINGTON — U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening. New-home sales increased 2.3 percent in April from March to a seasonally adjusted annual rate of 454,000, the Commerce Department [...]


Home sales tick up to highest in 3 ½ years

BY: Associated Press
POSTED: May 22, 2013
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WASHINGTON — Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale. The National Association of Realtors said Wednesday that sales rose to a seasonally adjusted annual rate of 4.97 million, up from 4.94 [...]


Parents fight plans for disguised wireless tower at elementary school (access required)

BY: Melody Simmons
POSTED: May 20, 2013
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More than 100 parents and other community residents are fighting plans for a wireless tower to be constructed on the grounds of a public elementary school, one of the first to stem from a master agreement signed last year by the Anne Arundel County Board of Education.


First Potomac sells industrial assets (access required)

BY: Daily Record Staff
POSTED: May 20, 2013
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First Potomac Realty Trust, a Bethesda-based real estate investment trust, said it is selling 24 industrial properties, comprising approximately 4.3 million square feet, for a total of $259 million.


Report says poor are moving to nation’s suburbs

BY: Associated Press
POSTED: May 20, 2013
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LOS ANGELES — A new report shows more poor people have moved to the nation’s suburbs, outnumbering those in urban areas. The Brookings Institution study released Monday says those in poverty living in suburbs jumped 67 percent between 2000 and 2011. But suburbs still have a smaller percentage of their population living in poverty than [...]


Real Estate Weekly – 5/17/13

BY: Daily Record Staff
POSTED: May 17, 2013
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HOPE program receives Access to Justice award The HOPE initiative, a program started by the administration of Gov. Martin O’Malley to preserve homeownership by helping prevent foreclosures, was awarded the Maryland Access to Justice Commission’s Executive Branch Award for 2013. Reginald Stanfield, director of the Office of Community Programs in the Maryland Department of Housing [...]


25th Street Station in flux (access required)

BY: Melody Simmons
POSTED: May 16, 2013
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The owner of the 25th Street Station site, above, says he has replaced the developer, while the developer insists he still has a contract.

Plans for 25th Street Station, a mixed-use development in Baltimore’s Remington neighborhood, took another detour Thursday as the property owner said he has unilaterally selected a new developer for the controversial project.


City sells row homes for less than half value (access required)

BY: Melody Simmons
POSTED: May 16, 2013
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The city valued the four properties at $8,500 each but sold them for a total of $15,000 to a restaurant owner who plans to rehabilitate them and convert them to rental units, according to Board of Estimates’ documents.

The city’s spending board this week sold four derelict Baltimore row houses in Oliver to a local investor for $3,750 each.


Housing starts fell in April but permits surged

BY: Associated Press
POSTED: May 16, 2013
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WASHINGTON — U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month. And applications for new construction reached a five-year peak, evidence that the [...]


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Maryland Moment – Marking Memorial Day

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A “Field of Flags” was installed by residents of the Charlestown retirement community in Catonsville in preparation for Memorial Day. Each of the 500 flags was sponsored by a local business for $35, with proceeds going to the Wounded Warrior Project and the Charlestown Benevolent Care Fund. Photo submitted by Mel Tansill.

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