Baltimore area house prices rise in September as US sees sales surge

October 23, 2020 Leave a comment

In this Friday, Sept. 25, 2020 photo, a "sale pending" sign is posted on.a home in Westfield, Ind. Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic. On a seasonally-adjusted rate, the selling pace of existing homes climbed to 6.54 million annualized units. That is the highest level for that metric since February 2006, at the peak of the previous housing bubble. (AP Photo/Michael Conroy)

The median sales price of homes and the number of homes sold increased across the Baltimore region in September, according to a report released Friday by Long & Foster Real Estate. Baltimore city experienced a 24% increase in median sale ...

Foreclosure activity down sharply in Md., Baltimore

October 15, 2020 Leave a comment

Maryland and the city of Baltimore have seen some of the steepest declines in foreclosure activity in the nation, according to a national foreclosure data research firm. The findings were contained in the 3rd quarter U.S. Foreclosure Market Report conducted ...

MoCo Green Bank, Sandy Spring Bank provide energy-saving loan to Md. condo community

September 29, 2020 Leave a comment

The Montgomery County Green Bank and Sandy Spring Bank Tuesday announced they have partnered to help another commercial property in the county implement energy-saving measures that will improve operating costs and reduce greenhouse gas emissions. The Glen Manor Condominiums in ...

Rural counties lead surge in Md. home sale prices

September 28, 2020 Leave a comment

FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. U.S. home sales rose a record-breaking 24.7% in July, extending last month’s rebound after the coronavirus pandemic all but froze the housing market this spring, the National Association of Realtors said Friday, Aug. 21, 2020. (AP Photo/Elaine Thompson, File)

Sales prices for Maryland homes are surging – particularly in the state’s rural areas — amid a sharp decline in available inventory, according to data released Monday by Maryland Realtors. That combination has led to bidding wars, with homes sometimes ...

Landlords suing to push back against COVID-19 eviction ban

September 25, 2020 Leave a comment

Buildings at Hunter Oaks Apartments undergo renovations on Tuesday. Sept. 22, 2020, in Memphis, Tenn. Owners of the apartment complex are among seven landlords who manage or own more than 5,000 rental units and have filed a lawsuit claiming that a national eviction moratorium has not only placed them under unfair financial strain, but also infringed on their rights as property owners. (AP Photo/Adrian Sainz)

As millions of Americans struggle to pay their rent during the coronavirus pandemic, landlords are going to courts, claiming that the national eviction moratorium unfairly strains their finances and violates their property rights. At least 26 such lawsuits have been ...

2020 Excellence in Construction and Real Estate honorees announced

September 10, 2020 Leave a comment

The Daily Record has announced the 2020 honorees for Excellence in Construction and Real Estate Awards. The winners will be honored Nov. 9 during a virtual awards celebration at 6 p.m. The Excellence in Construction and Real Estate awards celebrate ...

Eviction crisis still looms, advocates, authorities warn

September 4, 2020 Leave a comment

FILE - In this May 20, 2020, file photo, signs that read "No Job No Rent" hang from the windows of an apartment building during the coronavirus pandemic in Northwest Washington. The pandemic has shut housing courts and prompted authorities around the U.S. to initiate policies protecting renters from eviction. But not everyone is covered, and some landlords are turning to threats and harassment to force tenants out. (AP Photo/Andrew Harnik, File)

WASHINGTON — On Wednesday the Trump administration announced a halt on evictions through the end of the year, a move that may shield the millions of Americans at risk of losing their homes due to the financial chaos sparked by ...

Fannie-Freddie foreclosure suspension extended to year’s end

August 27, 2020 Leave a comment

Fannie Mae and Freddie Mac will extend their suspension of mortgage foreclosures through at least the end of the year, providing more relief for homeowners who are grappling with the economic pain of the coronavirus. Fannie and Freddie, which backstop ...

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Goldstar Group acquires Frederick warehouse, 24 acres for mixed-use project

August 25, 2020 Leave a comment

The site, which also contains a 49,000-square-foot, single-story warehouse building, was purchased from Frederick Health Hospital for an undisclosed price. Chris Kline Jr., president of Frederick Commercial Real Estate, facilitated this transaction.

The Goldstar Group, a Bethesda-based commercial real estate firm, has acquired a 24-acre parcel on 605 E. Church St. in Frederick and intends to develop a new mixed-use development. The site, which also contains a 49,000-square-foot, single-story warehouse building, was ...

Md. housing sales rebound in June, but inventory sags

July 14, 2020 Leave a comment

First-time buyers have been struggling to find affordable homes amid a stubborn shortage of properties on the market that's helped push prices higher. (AP Photo/David Zalubowski, File)

Maryland’s housing market in June rebounded significantly from the drop in sales in April and May, but low inventory is worsening and hampering the market. June saw 8,259 total units sold, according to data released Tuesday by Maryland Realtors. While ...