How much more expensive is Md.? New data sheds light
Living and buying in Maryland is expensive – and it looks like it’s going to stay that way. According to recent data from the Bureau of Economic Analysis, prices in Maryland are more than 10 percent higher than the national average. The biggest driver? Rent and housing costs – Maryland homes cost 26 percent more […]
30-year tenant fights eviction by claiming ownership
Imagine you have been living in a house for 30 years when one December day a man you had never seen says he owns the property and you must either start paying rent of $850 per month or risk eviction.
Average on 30-year mortgage up to 3.66 percent
WASHINGTON — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year. Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 3.66 percent, up from 3.62 percent last week. Four weeks ago, […]
More U.S. homes facing foreclosure risk in June
LOS ANGELES — Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values. June provided the latest evidence of this trend, as the number of U.S. homes entering the foreclosure process for […]
Realities of Real Estate: Is it better to rent or buy?
These days, many people think that renting might be a better deal than making the leap to home ownership. Much of the decision is a function of your financial condition and overall ability to buy. For some, a poor credit rating or lack of cash on hand might put buying a home momentarily out of […]
Realities of Real Estate: The Reality of Real Estate Taxes
This time of year, state, county and city governments are working on their budgets, looking to determine if taxes will go up, go down or stay the same. Real estate taxes are a major source of government revenues, and given what’s being proposed at the state and local levels, homeowners could be in store for […]
Homeownership takes biggest dive since Great Depression
W ASHINGTON — The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday. The analysis by the Census Bureau found the homeownership rate fell to 65.1 percent last year. While that level remains the second highest decennial rate, analysts say the U.S. may […]
Moving day for the Cord family
After eight years of living in my beautiful Charles Village neighborhood (in three different locations, all within four blocks of each other), my wife and I are finally moving. We always knew this day would come, but we did not expect to outgrow our condo so soon. It’s a little bittersweet. We ended our apartment-dwelling […]