0 minute readGreater Baltimore’s foreclosure rate remained below the national average in the first quarter, but the number of filings increased 141%, according to data released Thursday. The Baltimore-area registered 6,515 foreclosure properties during the quarter — up 141% from the period a year earlier — with 0.59 of its housing units receiving a foreclosure filing during the quarter. That’s according to Irvine, Calif.-based RealtyTrac’s Q1 2010 Metropolitan Foreclosure Report. The Baltimore-area numbers, however, declined 1.32% from the fourth quarter of 2009.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio