If you own a home in Baltimore, you probably know the housing market is recovering. But how much?
Not so much, actually. Housing has turned up nearly everywhere, with the average home price nationwide up about 12% during the past year. But some markets are going gangbusters while others barely seem to have escaped the gloom.
Baltimore, it turns out, is a housing laggard, according to a new RealtyTrac housing-recovery index that ranks 100 metro areas based on 7 variables including home-price appreciation, the unemployment rate and the decline in foreclosure rates. In Baltimore, prices are up, foreclosures are down and fewer homeowners are underwater on their mortgages, owing more than the home is worth. But the market in Baltimore is still far weaker than in 99 other cities ranked in the index, making it the lowest-ranking metropolis.
That illustrates how a spotty economic recovery is creating […]
