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Baltimore-Area ‘Shadow Inventory’ Reported At 50,000 Homes

An article in the Baltimore Sun reported that, according to John Burns Real Estate Consulting, Baltimore’s “Shadow Inventory” of homes may be in the 50,000 range:

“Thousands of homes are on the market in the Baltimore region. But as the commercials say, wait — there’s more.

Tens of thousands of Baltimore-area homeowners are [...]

September 30th, 2011 | Tags: , , , , , | Category: Ocean City MD Real Estate, Real Estate - National News | Leave a comment

Bye, Bye To The American Dream? No Way!

Trulia had an interesting article on the attitudes of Americans, generally, and young Americans in particular, about homeownership.  Apparently, notwithstanding what has happened to housing during the last 10 years or so (bubble, bubble bursting, bust, continuing bust…), Americans are still bullish on owning their own home:

“What our survey told us is that [...]

September 25th, 2011 | Tags: , | Category: Ocean City MD Real Estate, Real Estate - National News | Leave a comment

Surge In All-Cash Buying Signals The Demise Of The ‘Normal’ Housing Market

Business Insider has an excellent article, with strong analysis, commenting on the unprecedented cash buying trend we have seen since 2008. Just look at this stat:

“In July, Inside Mortgage Finance (or IMF) reported in its monthly Housing Pulse Survey report that 75% of investor purchases nationwide in June were all-cash transactions. These investors [...]

September 20th, 2011 | Tags: , , , | Category: Ocean City MD Real Estate, Real Estate - National News | Leave a comment