BALTIMORE — HOME FINANCING
Bankers, FTC prepare free 'primer' brochure
The Mortgage Bankers Association of America and thFederal Trade Commission have prepared a brochure -- "Home Financing Primer" -- to help those who are working and saving to buy their home.
It answers some of the most frequently asked questions about home financing.
It is available free by writing to: Public Reference, Federal Trade Commission, 6th and Pennsylvania Avenue NW, Washington, D.C. 20580.
Organizations promote citywide open house
The Hometown Baltimore project, the Greater BaltimorBoard of Realtors and The Baltimore Sun are promoting a citywide open house program to heighten awareness of city neighborhoods.
Realty firms participating in the program will open for inspection homes for sale throughout the city today.
The public-private partnership is the first undertaken by the Hometown Baltimore program.
In addition to the citywide open house project, Hometown Baltimore has recently completed a videotape in conjunction with WBAL-TV (Channel 11) and the Greater Baltimore Board of Realtors which profiles 10 Baltimore neighborhoods.
2-day seminar offered on home marketing
The Home Builders Association of Maryland's Sales and Marketing Council and the National Association of Home Builders are offering an intensive two-day seminar on marketing management for the home building industry Thursday and Friday at at the BWI Airport Marriott on West Nursery Road in Linthicum.
The cost of the seminar is $395 per person advance registration, $495 walk-in registration and $345 per person group registration (two or more from the same company).
Vacancy average in the region 3.9%
Vacancies in multifamily rental projects in the Baltimore region were 3.9 percent, according to a recent survey conducted by Legg Mason Realty Group Inc.
When projects in their initial lease-up phase are excluded, the long-term vacancy rate compared favorably to the 7 percent national vacancy rate reported by the U.S. Census Bureau.
Legg Mason collected and analyzed information from 463 developments in Baltimore and its five surrounding counties.
The data reveals a strong and tight multifamily market that is very attractive for investors, but difficult for households seeking rental units.