According to the National Association of Realtors, existing home sales jumped 5.1% nationwide in February, 2009, though prices were down 15.5% from the same month last year. Sales prices were unprecedented, falling to the same lows last seen in 1997, and economists are predicting that, nationwide, prices will probably fall well into 2009. Nicolas Retsinas, [...]

Maryland saw a 16% drop in foreclosures during the third quarter - as compared to the second quarter - according to a recent Baltimore Sun article. Unfortunately, it seems likely that the drop will be a temporary respite as a series of events are lining up to knock the rosy numbers back into oblivion.
Foreclosure numbers [...]

How’s that for a headline? And I’m not grasping at straws here either. The two headlines that immediately caught my attention on this fine morning focused on the fact that Freddie Mac and Fannie Mae will be suspending foreclosures through January 9, 2009. Call it an early holiday gift and, even though it’s really not [...]

As many have expected, there is quite a bit of “bargain hunting” in the aggregate real estate market now, as the glut of homes on the market forces prices down in many geographic areas. A recent Wall Street Journal survey illustrates that inventory is shrinking as investors scoop up properties at prices that allows them [...]