Dec 31, 2009 1
Baltimore beats DC in housing! Hurray!
Everyone knows that the easiest way to rile a true Baltimoron is to insinuate that Charm City is just a suburb of Washington. Yeah, a lot of people around here work for the federal government, and a lot of investment money comes from our rich, fat-cat cousins down in the “Corridor.” But as the decade comes to a close, the Baltimore faithful can point to two things we’ve got on Washingtonians: the Ravens (who’ve got a Super Bowl victory, a bunch of playoff appearances, and no shame like the shame of a Redskins fan, especially this season, JEEZ), and now — the Health of our Housing Market!
Housingwatch.com posted an analysis a few days before Christmas that ranked the top ten healthiest housing markets of the decade, based on percentage change in median home sale price, and guess what? Baltimore-Towson came in at a whopping #2, behind only Allentown-Bethlehem-Easton, Pa.-N.J.
According to data from the National Association of Realtors, median home prices in the Mobtown metro area rose 9.81 percent, from $131,800 to $261,100, from 2000 through the third quarter of 2009. That left the sprawling, all-inclusive DC metro area, referred to by most multiple-listing services as “Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.,” eating our dust in 9th place. Median prices there rose from $178,800 to $324,700 over the last decade, or a change of 8.16 percent.
So what does this mean? Well, DC real estate is still more expensive, but generally, your typical investment house inside or around I-695 was a better investment, by 1 percentage point, than the average DC-area investment home. And for that, folks, I think we can all be thankful to Santa.
And as for New Years resolutions? Let’s beat ‘em again! Here’s to the new decade!


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It’s that time of year again — when the shopping for others is completed and now it’s time to shop for yourself and spend all those gift certificates you got for the holidays.
I came across a great piece today on the abysmal year its been for advertising firms that have seen their revenues plummet and have instituted mass layoffs. (Not much different from any other major company out there in 2009, come to think of it. But that doesn’t mean it stings any less.)
The
of white distilled vinegar and cotton swabs. Huh?
If and when David Cordish’s slots casino at Arundel Mills opens, how will nearby Laurel Park’s business be affected? That seems to be the million dollar question — and we may find out part of the answer next month when Maryland’s thoroughbred tracks are auctioned off.
Any day now, the U.S. Bid committee for the World Cup is expected to announce its final list of 18 cities it will include in its bid to host the World Cup in 2018 or 2022.
It’s only getting sadder for the woeful Nationals. For the