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May 10, 2009

Baltimore real estate poll: Affordability

Average home prices fell a significant amount last month across the Baltimore metro area, so it seems like a good time for a new poll: Has the housing downturn made more homes affordable to you?

As usual, the order of answers is randomized.

This poll isn't meant to get your opinion on whether home prices are too high, too low or just right, by the way -- only whether you've noticed a real difference in the sorts of homes you could buy if you wanted to.

Posted by Jamie Smith Hopkins at 10:27 AM | | Comments (1)
Categories: Polls
        

Comments

Yes it has. The drop in prices has put more acceptable properties in nicer areas into my price range. Specifically, I'm talking about garage townhouses and single family houses close to work since I would never buy a condo. However, the quick rise in mortgage rates this past week is starting to reverse that trend. There's also surprisingly less and less to choose from.

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie
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