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By Ellen James Martin and Ellen James Martin,Staff Writer | May 6, 1992
The picture for home sales in the Baltimore area was mixed in April, according to statistics released by the Greater Baltimore Board of Realtors yesterday.Compared with the same month last year, home sales rose 16 percent, but the number of pending sales declined 8 percent, the trade group reported.The same trends were evident when April statistics were compared with those of March this year.The board's executive vice president, Fletcher Hall, discounted the importance of the drop in pending sales in April.
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BUSINESS
By Natalie Sherman, The Baltimore Sun | March 10, 2014
A snowy February threw a slight chill on shopping for homes throughout the Baltimore region, but prices continued to rise. The number of pending sales — properties under contract but not yet closed — dipped to about 2,440 last month, about 40 fewer than a year earlier, according to data provided by RealEstate Business Intelligence, a subsidiary of the MRIS multiple listing service. Baltimore's home sales market withstood the cold better than Washington's, where the number of new contracts declined by more than 11 percent, RBI found.
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BUSINESS
By Ellen James Martin and Ellen James Martin,Staff Writer | July 7, 1993
It was supposed to be a year of significant recovery for the Baltimore area housing market. But so far at least, the 1993 market has only sputtered along.Figures released yesterday by the Greater Baltimore Board of Realtors showed that for the first six months of the year, pending sales of new and existing homes were down 4.7 percent compared with pending sales a year ago, and settled sales fell 6 percent.Statistics for June indicated an upturn -- 21 percent for pending sales and 4 percent for settled sales.
BUSINESS
By Steve Kilar, The Baltimore Sun | April 10, 2013
Home sales numbers released Wednesday for March offer an early indication that this spring might be the best selling season since the recession, provided that there are enough homes on the market to keep up with demand. Last month, Baltimore-area buyers entered into more than 3,200 contracts to buy homes, the first March to surpass that mark since 2007, the year the recession began, according to data collected by Metropolitan Regional Information Systems Inc., the region's multiple listing service, and its affiliate, Real Estate Business Intelligence LLC. The number of homes that went under contract last month was up 5.6 percent from March 2012, RBI said.
BUSINESS
By BLOOMBERG NEWS | March 13, 2005
A new index shows that pending sales of previously owned homes fell in January to the lowest level since May 2004. The index of signed contracts for sales of existing homes decreased 2.1 percent during the month to 120.6, reflecting declines in the South and Midwest, according to the National Association of Realtors. That was more than completed resales of homes, which the group previously reported declined 0.1 percent in January to a 6.8 million annual rate. The index of pending sales reached a record of 128.1 in October of last year.
BUSINESS
By Robert Nusgart and Robert Nusgart,SUN STAFF | September 11, 2001
In what may be a subtle warning to the Baltimore real estate market, sales of existing-home sales for August rose by 6.94 percent over the same month last year, marking the smallest monthly gain since December. Throughout the year, the industry has enjoyed double-digit month-over-month increases, putting 2001 on a pace to surpass last year's sales total, the highest in the past 10 years. Pending sales, typically a barometer of future settlements, also rose at a lower pace. Pending sales, which until last month also had double-digit increases throughout this year, rose 5.41 percent.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN STAFF | October 11, 2003
Home sales in the Baltimore area surged at a frenzied pace in September as homebuyers rushed to lock in some of the lowest mortgage rates in decades, data released yesterday show. Sales in Baltimore and its five surrounding counties rose 27.13 percent to 3,679 homes, compared with September 2002, according to figures compiled by Metropolitan Regional Information Systems Inc. of Rockville. The listing service also found that average sale prices increased 10.34 percent to $210,300. Housing has been one of the most consistent bright spots in a lackluster economy during the past three years as buyers, wary of a sinking stock market, sought a safe refuge for their money.
BUSINESS
By Ellen James Martin and Ellen James Martin,Sun Staff Writer | March 5, 1994
Completed home sales in the Baltimore area shot up 14 percent in February compared with the same month last year, the Greater Baltimore Board of Realtors reported yesterday.At the same time, pending home sales increased 2 percent for the month, the realty board said. (Pending sales are those under contract that have yet to go to settlement.)"The market is launching into the spring buying season," said Nancy C. Hubble, president of the realty board.Michael Conte, director of regional economic studies at the University of Baltimore, said the settled sales figures for February reflect a genuine revival in the local housing market that began in the fourth quarter of last year.
BUSINESS
By Robert Nusgart and Robert Nusgart,SUN STAFF WRITER | February 12, 1997
As 1997 begins, a mixed signal was sent by the latest residential statistics released yesterday by the Greater Baltimore Board of Realtors.Although there was an overall 6 percent decrease in residential sales for the month of January, the board reported that pending contracts were up 33 percent."
BUSINESS
By Staff Report | July 18, 1993
In June, home sales in Anne Arundel County increased faster than sales anywhere else in the metropolitan area.Sales were particularly strong among first-time homebuyers, said Jean Andrews, an agent for Champion Realty in Severna Park. She said buyers were especially plentiful for homes in the $120,000 to $140,000 range.She noted that split foyers and ranch houses in Severna Park have been especially strong in the market.Home sales in Anne Arundel County jumped 15 percent in June, compared to the same month last year.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | December 10, 2010
Home sales in the Baltimore metro area continued to plummet in November, but the number of newly signed contracts rose for the first time in months — good news for a battered housing market, if the trend continues. Homebuyers signed 6 percent more contracts last month than they did a year earlier, according to figures released Friday by Metropolitan Regional Information Systems, the Rockville company that runs the area's multiple-listing service. That upturn broke the streak of buyer pullback since May, when a federal tax credit intended to inject life into the struggling market phased out. New contracts, which often turn into home sales in a month or two, are a key indicator of where the market is headed.
BUSINESS
December 10, 2008
Pending home sales down slightly in October WASHINGTON: Pending U.S. home sales fell slightly in October, despite a spate of bad economic news and turmoil in the stock markets, the National Association of Realtors reported yesterday. The group's seasonally adjusted index of pending sales for existing homes fell 0.7 percent from September to a reading of 88.9, beating economists' average estimate of 86.5, according to a survey by Thomson Reuters. The index was 1 percent below October a year ago. Home sales have rebounded in recent months in large part because deeply discounted foreclosures and distressed sales account for up to 40 percent of all transactions, according to the Realtors group.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho@baltsun.com | November 15, 2008
The state utility regulator examining the pending sale of Constellation Energy Group said yesterday that it will consider arguments on whether ratepayers would be better served by an alternative buyer for the Baltimore company or by reregulating the utilities, among numerous issues. Under an order issued yesterday, the Maryland Public Service Commission said it has the discretion to consider an array of issues, as it decides whether to approve the $4.7 billion deal. Constellation owns Baltimore Gas & Electric Co., which is Maryland's largest power utility with 1.1 million customers.
BUSINESS
By KEN HARNEY | November 9, 2008
How fresh are your "comps" - the comparable sales of properties used as benchmarks in home real estate appraisals? Buyers and sellers rarely had to be concerned about such a question - or even understand it - when values were on the upswing. But in soft and declining markets, lenders recently have begun making comps a big deal. Some sellers are being forced to renegotiate lower prices with buyers, even after they've got a signed contract. Rather than accepting sales of similar properties that closed six to 12 months ago, lenders and mortgage investors are demanding that appraisers include only the freshest comps, ideally those closed within the previous 90 days, to support their valuations.
BUSINESS
By Bloomberg News | July 4, 2007
WASHINGTON -- Factory orders fell less than predicted in May, reinforcing forecasts that manufacturing will help overcome the housing slump. Orders placed with U.S. factories fell 0.5 percent after a 0.5 percent gain in April, the Commerce Department reported. The National Association of Realtors said separately that Americans signed fewer contracts to buy previously owned homes, with its index unexpectedly dropping to a five-year low. Demand for computers, electronics and fuel helped make up for a decline in aircraft bookings in May, the Commerce Department reported.
BUSINESS
By BLOOMBERG NEWS | March 13, 2005
A new index shows that pending sales of previously owned homes fell in January to the lowest level since May 2004. The index of signed contracts for sales of existing homes decreased 2.1 percent during the month to 120.6, reflecting declines in the South and Midwest, according to the National Association of Realtors. That was more than completed resales of homes, which the group previously reported declined 0.1 percent in January to a 6.8 million annual rate. The index of pending sales reached a record of 128.1 in October of last year.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Staff Writer | November 4, 1993
Home sales in the Baltimore area posted a fifth consecutive monthly increase in October, according to the Greater Baltimore Board of Realtors.After a dismal first half of 1993, sales have rebounded amid renewed confidence in the economy and the lowest mortgage rates in a quarter-century."
BUSINESS
By Bloomberg News | July 4, 2007
WASHINGTON -- Factory orders fell less than predicted in May, reinforcing forecasts that manufacturing will help overcome the housing slump. Orders placed with U.S. factories fell 0.5 percent after a 0.5 percent gain in April, the Commerce Department reported. The National Association of Realtors said separately that Americans signed fewer contracts to buy previously owned homes, with its index unexpectedly dropping to a five-year low. Demand for computers, electronics and fuel helped make up for a decline in aircraft bookings in May, the Commerce Department reported.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN STAFF | October 11, 2003
Home sales in the Baltimore area surged at a frenzied pace in September as homebuyers rushed to lock in some of the lowest mortgage rates in decades, data released yesterday show. Sales in Baltimore and its five surrounding counties rose 27.13 percent to 3,679 homes, compared with September 2002, according to figures compiled by Metropolitan Regional Information Systems Inc. of Rockville. The listing service also found that average sale prices increased 10.34 percent to $210,300. Housing has been one of the most consistent bright spots in a lackluster economy during the past three years as buyers, wary of a sinking stock market, sought a safe refuge for their money.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN STAFF | September 16, 2003
The Baltimore area's real estate market continued its record pace in August, with sales and prices again posting double-digit increases as buyers rushed to lock in relatively low mortgage rates. Sales rose 11.66 percent to 3,899 houses last month from a year earlier, while the average price leaped 17.92 percent to $231,039, the fifth straight month of double-digit price gains, according to the Metropolitan Regional Information Systems Inc., the Rockville-based listing service used by agents and brokers.
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