Monday, October 3, 2011

Signs of life seen in Greater Baltimore home prices - South Florida Business Journal:

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Nationally, home prices are down 13 percent from this time last ofColorado reported. But the rate at whicg those prices are falling has started to levelpoff and, in three of four regions across the posted either stable or positivw gains in prices. Only in the Soutu did prices continue to fall in downabout .3 percent from April brought down by still-struggling markets includintg several Florida communities.
“It’s too soon to call this a turn in thehousin market, particularly given all the political and regulatory Integrated Asset Services CEO Dave McCarthy said in a “I think that we’re still in for some difficulf spells ahead, but we are seeing a certainb kind of pricing equilibrium in several importan t markets. That’s encouraging for the long InBaltimore City, home prices increased 3.5 percen from March to April, according to the Prices are still down about 12 percentg when compared to Aprilo 2008. • Home prices climbed by .8 percenf from March to April in Anne Arundel but are stilldown 5.
6 percent from Aprip 2008; • Prices fell 1 percent in Baltimore County in the past monthb and are down 2.3 percent from Aprill 2008; • Harford County’s home prices held steady in the past but are still down 3.5 percent from last year; • Pricex fell .3 percent in Howared County, and are down about .1 percenft from April 2008. The median sold pricer for a home sold in Greateer Baltimore fellto $234,950 in April, down 2.1 percent from according to Metropolitan Regional Information Systemzs Inc. of Rockville. That compareas to a 10 percent drop from April when home prices stood atabout $262,000.

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