Posted on 08/04/2015 10:12:44 AM PDT by Oldeconomybuyer
At a time when home prices nationally are, if anything, showing signs of being too strong, the picture in Baltimore is the opposite.
According to CoreLogic, prices in the Baltimore-Columbia-Towson metro area were down 8% in the year ending June, the worst showing of the 100 biggest metro areas. Nationally, prices rose 6.5% in the 12 months ending June, CoreLogic says.
What’s driven that is a huge rise in foreclosure sales. Foreclosures — known in the business as real estate owned — accounted for 52% of all transactions in Baltimore in May — dwarfing the national average in the low teens, according to Sam Khater, deputy chief economist at CoreLogic.
(Excerpt) Read more at marketwatch.com ...
Why Baltimore house prices are plunging
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Why? Seriously? Can anyone say “Detroit”?
I knew you could.
“Why Baltimore house prices are plunging”
Boy, that’s a tough one to figure out...
Not rocket science here.
Because it’s Baltimore! nuff said
Easy fix. Raise property taxes. That makes the houses worth more.
There goes the neighborhood...
Who wants to live in a killing ground.
O’bama’s sons, apparently.
It’s a question that Rocket Surgeons and Brain Scientists will be pondering until the end of time.
rotflmao. good one. #BlackHomesMatter
I am completely mystified as to why this would happen.
Please give me the answer.
I think they ought to turn it into affordable housing for all the folks at NSA.
More people want to leave Baltimore than want to come to Baltimore.That just might possibly have a teensy affect on prices of houses.
Baltimore THE NEW Detroit?.....
Detroit may be the new model for city building...
As bizarro as that sounds... Obama is indeed the “ Detroit Builder.. “
Mr. Detroit... a mulattoe gone crazy with blackish dreams of Blackishness.. Ghetto mentality..
Proud of being Black when he’s not.. Embarrassed by being White.. which he’s not..
Has zero idea of whom he Is.. not a clue about whom he Isn’t..
Pretty much the state of all liberals most are democrats but a few republicans are in there too..
“THE DETROIT BUILDER “... has a ring to it.. don’t you think?..
Actually, it is. Action/Reaction.
The ultimate cause being low intelligence and poor impulse control creating chaos. Even sicker is our abdication of our right to govern opening the door to the aforesaid chaos.
Proud of being Black when he’s not.. Embarrassed by being White.. which he’s not..
Has zero idea of whom he Is.. not a clue about whom he Isn’t..
But proud to have set race relations back 100 years. Regular every day people, black and white, treat each other kindly, I have seen it and experienced it.
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