Essex Real Estate News
Tuesday Mar 10 | via The Baltimore Sun
Home sales in the Baltimore area continued the increases that began in 2012, although that was due partly to a big jump in foreclosed property sales compared to a year ago, according to information released by a market analyst on Tuesday. A five-bedroom home in Annapolis was the most expensive new listing between January 20, 2015 and February 20, 2015. Comment?
Thursday Mar 5 | via The Baltimore Sun
Dennis Dawson, a Baltimore City Fire Department Inspector, delivers water to Hamzah Alhuthifi, who is without water. Baltimore fire inspectors Del Holmes and Dennis Dawson set out Thursday in a four-wheel-drive Ford Escape to check on families and businesses that have been without water - some for weeks - during the region's deep freeze. Comment?
Feb 12, 2015 | via Daily Record
If the Port of Baltimore is going to grow, and continue as catalyst for the region's thriving industrial real estate market, stakeholders need to get serious about discussions to build an offsite truck-and-train intermodal facility for CSX Transportation . About six months ago, community opposition basically killed a plan to build a $90 million facility in Morrell Park that would've allowed the company to move double-stack containers from the port. Comment?
Feb 11, 2015 | via The Maryland Gazette
With a room full of creditors - including former employees - looking on, the new leader of the shuttered People's Community Health Center described plans on Wednesday to relaunch clinics as the nonprofit tries to work its way out of bankruptcy. "I believe I can turn it around. Comment?
Feb 10, 2015 | via Daily Record
The Court of Appeals recently held that a letter of intent signed as part of settlement discussions between two parties who were litigating over the ownership and use of parking spaces was unambiguous and constituted an enforceable contract between them even though the lease that was to guide the relationship of the parties for 99 years had not been agreed upon. Falls Garden Condo. Comment?
Wednesday | via The Washington Post
These sales data, recorded by the Maryland Department of Assessments and Taxation, were provided by Black Knight Financial Services. For information about other residential real estate transactions, visit www.washingtonpost.com/homesales . Comment?
Wednesday Feb 25 | via Business Journal
The Maryland Bankers Association's bankers day has a record number of attendees Wednesday as issues like foreclosures continue to be big in the industry. Comment?
Feb 18, 2015 | via KLFY-TV Lafayette
President Obama will address a "White House Summit on Countering Violent Extremism" today, part of a three-day series of meetings to discuss ways of preventing the radicalization and recruitment of those who might be drawn to terrorist violence. The White House announced the event on Jan. 11, four days after the terror attack in Paris on the offices of the "Charlie Hebdo" satirical newspaper. Comment?
Feb 14, 2015 | via The Maryland Gazette
Real estate is such a large part of gross domestic product, or GDP, that some believe significant changes in the housing market can affect the trajectory of our economy as a whole. Case in point would be the Great Recession, where deflating the housing bubble nearly collapsed the entire financial system. Comment?
Feb 2, 2015 | via Business Wire
The waste disposal fee paid by the county is net of the authority's share of any revenues from the operations of the project. Additional security is derived from a cash-funded debt service reserve fund equal to $7.7 million. Comment?
4 min ago | via Business Journal
Those in the market for buying a home have some good news. U.S.mortgage rates took a dip this week, according to Freddie Mac . Comment?
Wednesday | via Bank Rate
Janet Yellen struck a conservative tone over future interest rate hikes following last week's central bank policymaking meeting. Data this week backed her cautious stance. Comment?
15 min ago | via Falmouth Packet
At A 189,454 on average in March, UK property values are 5.1% higher than a year ago. The annual pace of house price growth has been slowing for seven months in a row, and has reached less than half the rate of growth seen for much of last summer, when the year-on-year increase was in double digits. Comment?
16 min ago | via Seeking Alpha
Though the market remains distressed, there continue to be some rays of positivity. Playing off of the pop in new home sales, there looks to be a turnaround in the volume of mortgage applications on a weekly basis. Comment?
22 min ago | via Inman Real Estate News
"Big Brother" is no longer just a television show on CBS where we, the viewers, are playing the peeping Tom; nor is it an outdated trope from a George Orwell novel. No, Big Brother has crept into the real estate industry, and we are the objects of affection or is that the objects of suspicion? Do we deserve to be under scrutiny? When we violate trust - yes. Comment?
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