Categorized | Residential

Real Estate Prices are going down by 9% in Baltimore

Real Estate Prices are going down by 9% in Baltimore
Please Share!

According to the latest information collected by Clear Capital there is a down in the prices of housing real Estate by 9% in the metro area of Baltimore which was not the same as compared to the calculation of a year before. Just like other real estate companies which perform accurate profit and loss calculation of four months and use the repeat sales index to avoid the chance of false change in home value, City Capital focused on the same when compared the prices of February and March.

One of the largest declined was found by the company when the calculations were compared with the results of last three months. There are some other metro areas as well which are showing biggest downfall in prices as Detroit went down by 13 percent which is considered as the largest drop till now.

The Director of Clear Capital is focusing on the factors though which Baltimore is considering as the area of lowest performance in the real estate market of America. However, this should not be considred as a big issue because Washington which is known to be the federally powered region of America also faces gain over quarter or over the year sometimes.

According to Clear Capital, the areas that were sold from February till May within Baltimore are only REO homes. These areas made the home sales of over 25 percent this year. Due to the fact that homebuyer tax credit is bringing more people into the market of Real Estate the share prices are rapidly receding in the beginning of the year.

 

 

Please Share!

About James Pattric

James writes for the Residential category (along with Josh Johnson) and also heads up the Resources category.

Leave a Reply

Twitter Chat