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NEWS
September 3, 2009
The 10 most expensive ZIP codes in the Baltimore metro area all had average sale prices above $500,000 in the first half of this year, according to a Baltimore Sun analysis. One of the most expensive neighborhoods in the city topped half a million on average, too. The regional map shows the 10 priciest ZIP codes on average, while the city map shows the five top neighborhoods by average price. (Article, page 14)
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BUSINESS
By Kevin Rector, The Baltimore Sun | November 29, 2013
If you traveled for Thanksgiving, you'll likely pay more for gas getting home than you did getting away. Amid strong seasonal demand, the average price for a gallon of gasoline in Maryland rose to $3.42 on Friday, an increase of 10 cents compared to last week, according to AAA Mid-Atlantic. Prices are rising nationally as well, though not as dramatically, with the nationwide average for a gallon of gasoline on Friday rising to $3.28, compared to $3.24 last week, AAA said. "As travelers return home from their Thanksgiving holiday getaway, many are paying gas prices that are higher than what they paid before leaving on their road trip," said Ragina C. Averella, a AAA spokeswoman, in a statement.
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BUSINESS
March 19, 2000
New-home sales for the Baltimore metropolitan area decreased 20.2 percent in January when compared with January of last year, according to statistics released by the Meyers Group, a Washington company that tracks and analyzes new-home construction. Overall, the Baltimore area recorded 618 sales in January, down from 774 for that month in 1998. Sales in the Washington metropolitan area dropped by 15.4 percent. While sales were down, the average price for all home products in the Baltimore area increased 4.1 percent to $193,169 from $185,540.
BUSINESS
By Kevin Rector, The Baltimore Sun | November 8, 2013
Average gas prices in Maryland and across the country fell to their lowest level in two years Friday, and are expected to continue dropping through the end of the year, according to AAA Mid-Atlantic. The average price of gas in Maryland was $3.24 a gallon on Friday, the cheapest price since Dec. 28, 2011, the driver services group said. The nationwide average per gallon was $3.21, the lowest since Dec. 21, 2011. Americans have paid more than $3 a gallon for nearly 3 years straight, but AAA expects current downward trends in pricing could continue through the end of the year, bringing averages as low as $3.10, the group said.
BUSINESS
By BLOOMBERG NEWS | September 26, 1997
DETROIT -- Honda Motor Co. yesterday raised the average price of its new Accords by 0.5 percent, or $110, while cutting the price of V-6 models in a move that analysts said is likely to pressure Detroit's automakers.The price of the six-cylinder Accord LX was cut by $950, to $21,550, for 1998. The price of the most popular Accord, the four-cylinder LX sedan, rose by $100, to $19,090.Honda's pricing mirrors that of other automakers, who have raised 1998 prices modestly, if at all, in the face of some softening of demand and increased competition.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | November 11, 2006
In a climate of nervous buyers and frustrated sellers, the average Baltimore-area home price posted the fifth consecutive month of single-digit increases in home values as the number of houses sold fell by more than 22 percent. It was the weakest October since 2000. The average sales price in Baltimore and the five surrounding counties crept up 3.15 percent from October 2005 to $307,190, Rockville-based Metropolitan Regional Information Systems Inc. reported yesterday. Prices were essentially flat in Harford and fell in Carroll and Howard counties.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | May 9, 2009
Average home prices in metropolitan Baltimore took their steepest dive in more than a decade in April and plunged below $300,000, a 13.5 percent drop compared with a year earlier, statistics released Friday showed. The average price of a home sold in Baltimore and the five surrounding counties fell to $268,367 last month from $310,237 in April 2008, according to Rockville-based real estate listing service Metropolitan Regional Information Systems Inc. Average home prices had first topped $300,000 in June 2005 amid the housing boom of 2004 and 2005, in which the Baltimore area typically saw double-digit gains in home values.
NEWS
By Michael Dresser and Michael Dresser,michael.dresser@baltsun.com | June 16, 2009
Maryland gasoline prices may not be as high as last summer, but they have risen faster than in any previous year. Since the beginning of the year, the average price of a gallon of regular gas in Maryland has increased 63 percent to $2.58 - a steeper climb than last year's march to a record $4.05, according to AAA Mid-Atlantic. The steady climb since the market bottomed out at $1.58 Jan. 2 has raised fears of a return to $3 or $4 gasoline. With gas prices up $1 per gallon since the beginning of the year, some Maryland families are feeling a pinch that even memories of last year's sky-high prices can't ease.
NEWS
By NEW YORK TIMES NEWS SERVICE | April 11, 1999
LOS ANGELES -- Ira J. Feldman finished filling his Mazda with gasoline, eyed the readout on the pump and raised his hands, arms wide, as if to say, "You've got to be kidding." At $1.59 a gallon, he had just paid $21.56 for 13 gallons of gas."What a joke," Feldman, a 51-year-old home restorer, said. "What's the excuse? They're telling us there's a war? The chairman of the board had a bad meal last night? I don't get it."Although gasoline prices around the country have increased over the past several months, in part because of announced cuts in worldwide oil production, prices in California have soared the most, with the sharpest increases in the past two weeks.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | May 11, 2005
A tight supply of homes on the market in the Baltimore area slowed the pace of sales growth in April and led to double-digit price appreciation over the same period last year, according to statistics released yesterday. Real estate agents and economists said that the data from Metropolitan Regional Information Systems Inc. shows that demand for homes is still booming despite warnings that mortgage interest rates will likely rise and dampen the area's red-hot market. Sellers still are often getting more than their asking price, while buyers scramble to outbid one another, and are even buying contracts from other buyers at a premium before settlement, they said.
BUSINESS
By Steve Kilar, The Baltimore Sun | July 10, 2013
Baltimore's home market shifted this year, but a spike in interest rates may unsettle the balance again. "Back in the beginning of January … all of the buyers thought they were still in the buyer's market. Then, in the beginning of February, all the rules changed," said Lynn Ikle, an agent with Redfin who leads a sales team that works throughout the metro region. The number of homes for sale became too small to keep up with demand, and power returned to sellers, Ikle said. Eager to take advantage of historically low interest rates, buyers placed multiple bids on desirable properties, with some even waiving inspections and making other concessions unheard of since the bubble burst, she said.
BUSINESS
By Steve Kilar, The Baltimore Sun | September 17, 2012
Eyeing the Royal Farms sign advertising a gallon of premium gas for $3.99, Taryn Gross-Ojekwe's jaw fell open. "When it is going to cease?" she said of the price, which has climbed steadily over the past few weeks. "Just within the last few days, it was $3.79. " As a freelance upholsterer, the Baltimore resident doesn't have a big enough income to brush off a quarter increase per gallon. The Nissan Sentra she parked at the pump on Russell Street on Monday afternoon now consumes about $60 at each fill-up.
BUSINESS
By Steve Kilar, The Baltimore Sun | August 10, 2012
The Baltimore metro region had the best July in six years for contracts signed to buy homes, according to data released Friday by an affiliate of the region's multiple listing service. Home buyers signed 2,883 contracts last month — a nearly 20 percent increase over July 2011, according to sales figures from RealEstate Business Intelligence LLC. It was the highest July total for new contracts since 2006, said a statement from the firm, which is an arm of Metropolitan Regional Information Systems.
BUSINESS
Jamie Smith Hopkins | July 19, 2012
That whooshing sound you hear is a huge sigh of relief from the Pier Homes' developer and financier. The last of the luxury townhomes -- a project built on piers in Baltimore's Inner Harbor -- just sold, six years after the first buyers moved in. McWilliams Ballard, a Washington-based real estate sales team that took over the Pier Homes at HarborView project two years ago, announced the final settlements Wednesday. (They're not all on the record yet online, but nearly all are.)
BUSINESS
Jamie Smith Hopkins | May 11, 2012
All things being equal, the purchase price of a short sale will be less than a regular home on the market, and a foreclosure will be lowest of all. Here's the breakdown -- on average -- for the Baltimore region in April: Bank-owned home: $144,000 average sale price Short sale: $206,000 Non-distress deal: $307,000 So you can see why a big increase in foreclosures might pull the average price down -- and why now, with the big decrease...
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | May 10, 2012
The Baltimore region saw a double-digit jump in average home sale prices in April, the most in six years — but the gain was driven by a shrinking supply of cheap foreclosures rather than a resurgence in value. Just one in 10 homes sold in the Baltimore area last month was bank-owned, down significantly from the nearly one in four a year earlier, according to numbers released Thursday by RealEstate Business Intelligence, a subsidiary of the regional multiple listing service. That pumped up the average price for a home sold in April to $281,000, a 10 percent increase over a year earlier.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | May 10, 2012
The Baltimore region saw a double-digit jump in average home sale prices in April, the most in six years — but the gain was driven by a shrinking supply of cheap foreclosures rather than a resurgence in value. Just one in 10 homes sold in the Baltimore area last month was bank-owned, down significantly from the nearly one in four a year earlier, according to numbers released Thursday by RealEstate Business Intelligence, a subsidiary of the regional multiple listing service. That pumped up the average price for a home sold in April to $281,000, a 10 percent increase over a year earlier.
BUSINESS
By Jamie Smith Hopkins and Jamie Smith Hopkins,jamie.smith.hopkins@baltsun.com | September 11, 2009
Home sales continued to rise in the Baltimore metro area last month, though the velocity slowed. Buyers got the keys for about 5 percent more homes in August than a year ago, the third month in a row that year-over-year sales increased, according to numbers released Thursday by Metropolitan Regional Information Systems. Year-over-year home sales rose about 10 percent for July and 2 percent for June. It's the first stretch of increased buying since 2005, a frenzied time with fast-rising prices and go-go lending.
BUSINESS
Yvonne Wenger | April 17, 2012
Are you paying too much for rent? Getting a steal? Check out what the average renter pays. New data in from Delta Associates, an Alexandria, Va.-based real estate research firm, shows the average rental price for higher-end apartment complexes in the Baltimore region is $1,497, up 3.2 percent from this time last year. The data was described in the firm's quarterly Mid-Atlantic “Class A” Apartment Market Report.  Newer apartments with amenities in common areas make up the Class A category.
BUSINESS
By Jammies Smith Hopkins, The Baltimore Sun | March 12, 2012
Baltimore-area home buyers picked up the pace in February ahead of the important spring selling season, helped along by unseasonably mild weather. Real estate agents say they're seeing more activity and hope it's a good sign for spring, rather than simply an early start that will come with an early end. Buyers signed contracts on nearly 2,500 homes in the Baltimore region in February, up 16 percent from a year ago, according to numbers released Monday...
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