Posted on March 10, 2011 by Corey Hart
Mar

10

2011

Rockville, MD (March 10, 2011) – According to data released today by RealEstate Business Intelligence (RBI), an MRIS company, the Baltimore metro area housing market showed gains in pending home sales in the first two months of 2011, reaching its highest level since April 2010 when the federal homebuyer’s tax credit expired.  However, housing prices have declined to levels last seen in 2004.

 

“Pending home sales increased 25.1 percent year-over-year in a manner consistent with seasonal expectations year to date in 2011,” says noted housing market expert and RBI analyst Jonathan Miller.  However, median sales price in February fell 9.5 percent from the same month last year.  The economic challenges of tight credit and above average unemployment levels continue to press housing prices lower.”

 

Posted on March 03, 2011 by Jonathan Miller
Mar

03

2011

Posted on March 03, 2011 by Jonathan Miller
Mar

03

2011

Posted on March 02, 2011 by Corey Hart
Mar

02

2011

2010 Year End Stats are here! If you haven't already, check out RBI's analysis of the 2010 Baltimore Metro and DC Metro areas. As MRIS has done in the past, we have published county-by-county year end reports, though you'll notice new formatting. Another critical difference - we leveraged a cleaner methodology in generating the stats in these reports (as detailed in a previous post) as well as all historical reports going back to 1997. Finally, we've added the year end reports for each of the multi-county associations that currently have standalone pages on our site. See below for more information on where these reports are located.

features, Year-End Stats
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.”

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