Maryland Housing Prices, Recent Homes Sales and Comparative Values
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WASHINGTON, April 16 – The mortgage credit crunch has spilled over into land acquisition, land development and home construction (AD&C) lending, increasing the challenges faced by builders in the current housing downturn. “With private securities markets in disarray and banks retrenching, a bona fide credit crunch is underway,” Bob Mitchell, a home builder from Rockville, [...]
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WASHINGTON, April 15 – The deepening slump in the nation’s housing markets has seriously eroded consumer sentiment and pushed the economy into a mild recession, according to the chief economist for the National Association of Home Builders (NAHB). “The worse-than-anticipated housing downturn, combined with systematic weakening of the labor market and rapidly rising energy and [...]
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