NEWS
By KEN HARNEY | February 1, 2009
LAS VEGAS - If you'd love to purchase a new house but you're sitting on the fence, what exactly would it take to get you to buy? Mortgage rates lower than today's 5 percent range? Smaller down payments? Below-market value pricing? Special amenity packages? Or a big tax credit? What's the magic mix that will get you motivated? Or is it unlikely you'll get off the fence as long as you're worried about the economy and further drops in real estate values? Questions like these are at the core of the housing industry's problem: Builders are stuck with bulging inventories of homes - most of them priced lower than six months or a year ago - that are still not selling.
NEWS
By Lorraine Mirabella | November 7, 2008
The nation's financial meltdown dealt a setback to a housing market that was showing glimmers of recovery in Maryland, and local builders said yesterday that they are bracing for another tough year. During a real estate and construction forecast conference, area builders said they are struggling through a period of slow sales and limited financing that has forced housing companies to lay off workers, put projects on hold or rethink the type of homes they can sell. The housing slowdown began about two years ago. Experts at the annual conference in Woodlawn, sponsored by the Home Builders Association of Maryland, said the bloated inventory of new and existing homes was starting to come into balance as new housing starts dropped sharply this year.
NEWS
By Abigail Tucker | September 9, 2007
Showers that warm to the perfect temperature while the bather is still in bed. Soft lighting that facilitates midnight trips to the bathroom. Dishwashers that can be activated from the other side of the world. High-tech home improvements put a homeowner at ease, saving time and (sometimes) money and creating an aura of futuristic pampering. By comparison, more traditional updates can seem a little bit dull. A new granite countertop, however attractive, can't personalize a room's temperature or dim the lights at the kids' bedtime.
NEWS
By Timothy B. Wheeler | May 23, 2007
Maryland may be "America in Miniature" to some, but the state's housing has been tending toward the plus size, the latest census data show. Though middling in overall population, Maryland ranks second only to Utah - the state with the nation's largest households - in the share of its housing with four bedrooms or more, the U.S. Census Bureau reported yesterday. Twenty-eight percent of Maryland's housing units have four or more bedrooms, slightly ahead of Virginia and Delaware, according to the 2005 American Community Survey.
NEWS
By Jamie Smith Hopkins | September 3, 2005
Hurricane Katrina's destruction is putting more pressure on the already heated housing market - even in the Baltimore area, a thousand miles away. Market prices nationwide increased 5 percent to 10 percent for lumber and 20 percent to 25 percent for plywood and oriented strand board between Wednesday and yesterday, said Mark Hunt, who manages three local building-material facilities for Builders FirstSource. He attributes the unusually large increase to panic as much as anything else. Lumber and its related products total about a quarter of the cost of home construction.
NEWS
By Erika Hobbs | May 8, 2005
YASMIN GELLER couldn't sleep until she flew her carpenters to their Illinois headquarters and back to Green Spring Valley to rework the posts that she thought marred the contemporary lines of the 23-foot spiral staircase in her new home. The maple-and-glass staircase - a showstopper - had to be just right. After all, she and her husband, Ira, planned to spend the rest of their lives in the 12,000-square-foot, multimillion-dollar abode. The house was their investment. Another baby. A jewel.
NEWS
By Jay Hancock | April 24, 2005
OK, NOW WE HAVE a housing bubble. How do we know? Real estate professionals, who aren't even allowed to think that homes might be, uh, overpriced, are publicly worried. Speculators snapping up homes they won't live in and may not be able to rent have given the market a new tier of foam and raised chances it will all end badly, pros say. There is "a growing presence of investors or speculators or whatever you want to call them, especially in hot housing markets," says David Seiders, chief economist for the National Association of Home Builders.
NEWS
By BLOOMBERG NEWS | October 28, 2004
WASHINGTON - U.S. orders for durable goods rose in September for the third time in four months, and sales of new homes unexpectedly increased. Bookings for items made to last at least three years increased 0.2 percent to $195.7 billion, driven by demand for military hardware and business equipment, the Commerce Department said yesterday. Durable goods orders had declined 0.5 percent in August but rose in June and July. Orders for defense hardware soared 27 percent last month, the most since June.
NEWS
By Shruti Mathur | June 27, 2004
Hidden under Esther Siegel's white oak flooring lie the first drafts of history. Recycled newspapers and salvaged firewood help make up the sub-flooring in her Takoma Park home. Unlike traditional plywood, the environmentally friendly sheeting material does not emit gas and can be found at local hardware stores. Siegel's floor, like many other parts of her house, is constructed from discarded materials that save her money and energy. The idea of reusing products around the house that are energy-efficient and environmentally friendly is commonly referred to as "green" building.
NEWS
By From staff, Los Angeles Times and Bloomberg News reports | April 18, 2004
Bilingual workshop on buying a home set for Saturday Baltimore's Hispanic Liaison Office will hold a bilingual homebuying workshop next weekend. The session will include information about financing options, government incentives and the procedures involved in buying a home in Baltimore. Real estate professionals will provide information and answer questions. The workshop will be the fourth held by the liaison office. It is aimed at increasing homeownership by Hispanics. The event is scheduled for 8:30 a.m. to noon Saturday at St. Patrick's Church hall, 1728 Bank St. Information or registration: Lorena Beltran, 410-545-6532.