Posted on March 02, 2011 by Corey Hart
Mar

02

2011

RBI Year End Report Indicates Housing Prices Edge 2 Percent Higher as Properties Sell Faster

Rockville, MD (March 2, 2011) – RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Washington, DC metro housing market. The market area includes: Washington, DC; Montgomery County; Prince George’s County; Alexandria City; Arlington County; Fairfax County; Fairfax City; and Falls Church City.

 

“After a roller coaster ride in home sales caused by the federal homebuyers tax credit, the Washington, DC metro area housing market ended the year with about the same number of sales for 2010 as occurred in 2009,” said noted housing market expert and RBI analyst Jonathan Miller.  “Despite improved affordability from record low mortgage rates and housing prices below the peak levels of a few years ago, conservative mortgage underwriting, as evidenced by the 35 percent year-over-year increase in cash purchases, continues to keep the housing market improvement in check.”

Comments: 1 |
Posted on March 02, 2011 by Corey Hart
Mar

02

2011

New RBI Report Shows Higher Priced Detached Housing Outperforms Attached Housing Market

Rockville, MD (March 2, 2011) –  RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Baltimore metro housing market. The market area includes: Baltimore City, Baltimore County, Anne Arundel County, Carroll County, Harford County, and Howard County. 

 

After numbers were tallied for 2010, units sold fell short of the 2009 total but remained relatively consistent with levels of the prior two years,” said noted housing market expert and RBI analyst Jonathan Miller.  “Because unit sales were at about half the peak levels of 2005, overall prices continued to slip.  Lower unit sales resulted from a weak employment picture and conservative mortgage lending.  There was a drop in unit sales and prices in the attached housing market sector as a result of the expiration of the federal homebuyer tax credit. In contrast, detached property prices edged higher as unit sales remained flat.”

Posted on February 15, 2011 by Corey Hart
Feb

15

2011

Realestate Business Intelligence has recently joined Facebook to help keep you updated on the latest market trends!

 

By liking the RBI page here you can easily see our Market Watch videos and keep up to date with the latest product updates. Additionally we'd love to hear your feedback on our wall and through messaging so that we can continue to bring you the most reliable statistics in the most convientent way.

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Posted on February 14, 2011 by Jonathan Miller
Feb

14

2011

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Posted on February 14, 2011 by Jonathan Miller
Feb

14

2011

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