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Corey Campbell and Nicholas Kellar

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1425 Clarkview Road
Suite 700
Baltimore, MD 21209


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Custom Home Builder- Alan Klatsky
Alan Klatsky and Prestige Development LLC. have building custom built homes for nearly 25 years.
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Baltimore Area Quarterly Updates on Housing & Economy
Welcome > Local Info > Baltimore Area Quarterly Updates on Housing & Economy ...

We believe in providing the public with good & accurate information that directly relates to our real estate market here in Owings Mills, Reisterstown, Westminster, and surrounding areas. Why? Because, we feel it is our job as the community experts, with our fingers on the pulse of the market, to be able to provide a FREE resource to our community. Informed buyers & sellers make good decisions, and good decisions result in a stronger, easier to work with market! With that, we proudly present a quarterly update on the Baltimore economy and outlook for our local real estate community. You can expect an analysis of the Baltimore Economy and an examination of the region's housing data. Just another outlet that you can use anytime for FREE to help you make informed real estate decisions! Of couse we are always here to help and warmly welcome your questions, concerns, comments, and suggestions! Thanks again for visiting and we look forward to hearing from you! 

2009 Baltimore Area Economy & Outlook
 

As we begin to stabilize and along the road to recovery, here are some facts regarding the real estate market both locally and nationally: 

* Pending home sales (contracts signed) rose for the 5th consecutive month in June, marking the 1st time this has happened since 2003  

* Distressed sales (foreclosures & short sales) accounted for 36% of all sales during the 2nd quarter  

* Thanks to the 1st time home buyer tax credit, 1st time buyers accounted for 1/3 of all transactions during the 2nd quarter  

* A family earning the nation's median income of $64k/year could afford 72.3% of all homes sold in the US during Q2 2009

* Baltimore Metro real estate market experienced 1.7% growth in price in 2nd quarter from the 1st quarter  

* Baltimore Q2 total sales are up 63.5% from the Q1  

* Q2 days on market dropped 15 days from Q1, locally  

* Sales pace (months supply of inventory) shaved off 4 months from the same quarter last year (meaning we seem to be moving towards a more balanced market)  

* Homes priced under $250k have experienced gains in single family sales during Q2 2009 from Q2 2008  

* MD had the 8th highest increase in the country in total sales in Q2 2009 from Q2 2008

* Unemployment rate in MD is 7.6% while the national rate has increased to 9.7%  

* It has been estimated that $63,000 is entered back into the economy via truck rentals, trips to home improvement stores, income to contractors/practitioners, etc. with each home sale 

Local Quarterly Real Estate Update & Outlook by County & Zip Code 

Click on a County to get 3rd Quarter Housing Statistics on Your Community 

Washington DC Reports
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Maryland Reports
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Anne Arundel County 

Baltimore County 

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Garrett County 

Harford County 

Howard County 

Kent County 

Montgomery County 

Prince George's 

Queen Anne's 

St. Mary's 

Talbot County 

Washington County 

If you have any questions regarding our local real estate market & how it may affect you, please don't hesitate to contact us anytime. We are hear to help provide good information, so you can make good, confident decisions!
Thanks for your time and for visiting our website!
 

Request our Free Owings Mills, Reisterstown and Westminster Relocation Package. It's packed full of useful and important information about the Owings Mills, Reisterstown and Westminster, Maryland area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... 

It's our job to know EVERYTHING about Owings Mills, Reisterstown and Westminster! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 

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School Reports in Owings Mills, Reisterstown and Westminster, Maryland
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Real Estate Tips
Closing or Settlement >Estimated Closing Costs

There is a federal law that requires mortgage lenders to give prospective buyers an itemized, "good-faith" estimate of their closing costs. Sometimes buyers arrive at the closing with this document in hand and proceed to question each item on the final closing statement that does not match the estimate exactly.

These "good-faith" estimates are just that--estimates. The lender's charges will be fairly accurate, but the charges for attorneys, termite inspections, title insurance, and other items that appear on the closing sheet may vary from the estimate. Some pro-rated items, such as taxes or homeowner's association fees, will also be different if you don't close on the date that was used to calculate the estimate. The purpose of the disclosure law is to give you a ball park figure of your closing costs. But the estimate you are given won't be to the penny--probably not even to the dollar!

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Real Estate Trivia
Q 
What is considered the oldest surviving non-native building in the U.S.?

A 
The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.
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Corey Campbell and Nicholas Kellar, REALTOR®, real estate agent and broker for Owings Mills, Reisterstown and Westminster, Maryland home listings, property and land for sale - NUMBER1EXPERT
Corey Campbell and Nicholas Kellar, REALTOR®, real estate agent and broker for Owings Mills, Reisterstown and Westminster, Maryland home listings, property and land for sale - NUMBER1EXPERT

Corey Campbell and Nicholas Kellar
Yerman, Witman, Gaines & Conklin Realty

1425 Clarkview Road, Suite 700
Baltimore, MD 21209
Corey Cell: 410-236-1339
Nicholas Cell: 443-375-2224
Corey's Direct line: 443-798-7856
Nicholas Direct line: 443-798-7858
Fax: 410-583-0222
Email: CKG@YWGCRealty.com

As a team, we deliver a positive, high energy, and hard work ethic to our clients! It's a given that we will provide the highest level of service and loyalty, while using our knowledge of the industry, market, and area to help meet your goals! While putting your needs first, we continually strive towards earning your trust and business in building a longstanding relationship! We value the significance that a real estate transition is in one's life. That being said, we will practice empathy and patience in guiding your best interests from contract to settlement!

Equal Housing REALTOR MLS ABR


Corey Campbell and Nicholas Kellar, REALTOR®, real estate agents and broker for Owings Mills, Reisterstown and Westminster Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)


Yerman, Witman, Gaines & Conklin Realty real estate and homes for sale in Owings Mills, Reisterstown and Westminster Maryland


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