Realtors group weighs in on Baltimore
The National Association of Realtors' chief economist, Lawrence Yun, was in Timonium today to talk about the Baltimore metro housing market.
I'll have a story tomorrow about his forecast, given to Greater Baltimore Board of Realtors members. But if you like to see everything rather than all the information that can fit in a 20-inch-long news story, click HERE. That will get you Yun's presentation. (I know it says Jan. 4, but it really was this morning, honest.)
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Comments
Unbelievable. The NAR has no conscience, morals nor ethics. If we take their advice and "buy now", will they make good on our losses when we lose a fortune after housing prices recede even more? We're looking to buy a house, but we will wait until the prices come back to earth. Not a day before, no matter how much the NAR begs!
Posted by: Anon | January 15, 2008 8:22 AM
Dear potential homebuyers,
if you want to hear the truth, or at least something as close to it as possible, please do preferrably stick to good old used cars dealers.
Posted by: John Williams | January 15, 2008 12:00 PM
Real Estate is local. In the City this often means a block or two. Baltimore, IMO, is a "future city," meaning it is on the way up. There is a lot to be negative about especially if you are from the 'burbs. However, real estate is ultimately about jobs & opportunity. Jobs are coming: BRAC - 40-60k new jobs, Medical - thousands, Morgan Stanley - 900, Under Armour - hundreds etc.
Posted by: Christian Dunn | January 21, 2008 12:46 PM
Dr. Yun is on the money. Simply check out his last slide and see why you SHOULD own vs rent. If you plan on moving in 6 months then rent. If you plan on being here for 2+ years you should buy. In between, that's a personal decision.
Posted by: Mike | January 22, 2008 8:33 AM