Baltimore Sales Rise For First Time Since 2005
March 7, 2010 by admin
Filed under Home Resales
Falling home prices have transformed many properties from asset to albatross, but there’s hope yet for those looking to sell: Nearly two-thirds of the Baltimore region’s ZIP codes saw sales increases last year, the first time since 2005 that buying didn’t slump across the board.
Sales are on the upswing as first-time homebuyers jump in – enticed by a temporary $8,000 tax credit – and investors snap up foreclosed properties. And some homeowners who can’t wait any longer for prices to rise are finding ways to move on. Baltimore Sun
