Existing Home Sales Rise in February, but Prices Down

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, [...]

Can the Obama Administration Reduce Fear Surrounding the Housing Market

While we’re all waiting to see what kind of change, if any, President Barack Obama and his administration will bring to the economy in general, those of us that are closely tied to real estate and the housing market are especially curious about what is in our immediate future. Without going too far out on [...]

Baltimore Sun Article Highlights the “Fear Factor”

As always, I’ve been trolling Internet news sites and reading about real estate and, though I’ve often discussed the state of the Maryland real estate market, I think that a recent Baltimore Sun article is worth sharing.
Marc Hayes, a 19-year veteran mortgage broker who was interviewed for the article, notes that his job is more [...]

What to Do Amidst a Crazy, Hysterical Market

I read this weekend a post on Realtor Richard Iarossi’s blog about the very basic concept of dealing positively with the current economic “crisis” and, on a more immediate level, on the supposedly crumbling real estate market in Maryland. Again, the concept is not original, but with so few people seeming to heed Richard’s advice, [...]