As housing prices fall, experts hope for revival
By Lorraine Mirabella lorraine.mirabella@baltsun.com
June 11, 2009
By Lorraine Mirabella lorraine.mirabella@baltsun.com
June 11, 2009
April Longest had a lot of reasons to move from an apartment in Hampden to a house of her own: low interest rates, a first-time-buyer credit and a monthly payment not much higher than her rent.
But one of the biggest motivators of all for buying a semi-detached rancher in Medfield last month came from her competition - other buyers." As I was looking at houses in the area, I was seeing a very good selection, but it started to dwindle," said Longest, a 24-year-old insurance coordinator. "Obviously people were buying, so that pushed me."
Real estate experts say first-time buyers such as Longest are helping to break through a gridlocked housing market, offering some of the first glimmers that Baltimore's housing market may be starting to turn around.
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