Friday, April 12, 2024 | Baltimore, MD
Baltimore, MD
Rain Shower

Rising mortgage rates splash cold water on Baltimore’s once-hot housing market

August 12, 2022

July is typically a hot month for home sales but rising interest rates and fears of inflation and an economic slowdown threw cold water over the Baltimore region’s once-scorching housing market. Fewer homes sold last month than in any July since 2014, according to data released Thursday by the real estate company Bright MLS. The number of new listings is dropping, while the number of active listings is growing, indicating that the frenetic pace of homebuying that occurred during the coronavirus pandemic has ended.

Article Source: Baltimore Sun

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.