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Maryland home sales plummet: How rising interest rates and high costs are squeezing market

A new report from the Maryland Association of Realtors shows that housing prices have gone up in the state from April of last year, but the total number of units sold have gone down, leading local real estate agents to handicap what the future holds and potential buyers to consider whether they really want that new home. In April 2022, over 8,000 units were sold statewide.

Is it economic growth or sprawl? Prince George’s Co. battles over building housing

“If you build it they will come” is a famous movie quote from “The Field of Dreams” that has applied to baseball and even baseball stadiums for decades. But if you build more housing, do the wider roads and other amenities come too? The building and development industry in Prince George’s County, Maryland, is anxiously watching local legislation that they believe will stymie the very economic growth some county leaders have made a priority.

Read More: WTOP
GSE Systems warns of possible inability to meet financial obligations as potential delisting looms

 

GSE Systems Inc. has raised “substantial doubt” about its ability to meet its financial obligations while also continuing to face potential delisting from the Nasdaq Stock Market. The Columbia-based company, which provides engineering, staffing and simulation software to nuclear, electrical and other power industries, is in a tough spot financially, having lost almost $3 million, or 13 cents a share in the first quarter of 2023.

Ellie Mental Health expanding in Maryland amid heightened demand for therapy

The minds behind a new Bethesda mental health clinic are plotting more locations, launching more services, hiring more therapists and tapping more insurers to meet intense demand for care in the region — and make sure patients can actually get it. Ellie Mental Health Bethesda at 8120 Woodmont Ave., which local franchise owner Shahzad Dastgir opened in September, is the first of multiple Maryland practices on his roadmap.

Greater Baltimore Committee to unveil multiyear agenda at 2023 annual meeting

The Greater Baltimore Committee (GBC) will host its 2023 annual meeting May 25, the first since its merger with the Economic Alliance of Greater Baltimore (EAGB). During the event, expected to be attended by more than 700 of the greater Baltimore region’s top leaders in business, technology, education, real estate and the civic community, new President and CEO Mark Anthony Thomas and the GBC team will unveil its multiyear agenda to advance the region.

 

The dedication of our Hospital personnel
Laurel’s aging former hospital gets a gleaming replacement June 4

There are sparkling new examination areas, emergency bays and operating rooms in the new Laurel Medical Center, as well as places for imaging and behavioral health care. They are all just waiting on one thing: patients. Come June 4, the plastic covers will lift and construction crews will move aside. People will take their first steps through the automatic glass doors of the two-story, nearly 84,000-square-foot center replacing the aging former hospital next door.

Derrick Faulcon, owner of Home Maid and Cloudy Donut Co., is a Baltimore success story

With a huge painting of a cracked egg on its exterior, it’s hard to miss Home Maid, a restaurant located on Key Highway in the heart of Federal Hill. It’s intimate and homey inside, with wallpaper comprised of classic black-and-white photography and four-top tables. Though the spot is only open Saturdays and Sundays from 9 a.m. to 5 p.m., the chefs there handcraft some of Baltimore’s most impressive brunch items.

Maryland-based cosmetic line owner helps people feel confident in their skin with African products

“Bluffajo” is a term in Liberia that refers to someone, male or female, who possesses confidence, said Maisie Dunbar, the woman behind a Maryland-based cosmetics company that strives to instill confidence in all who wear it. Dunbar is the president and founder of the Maisie Dunbar Global Beauty Brands featuring Bluffajo products.

Read More: WTOP
Morgan State University plans to build convocation center at Lake Clifton site

Morgan State University is getting ready for the first phase of development on the recently acquired Lake Clifton site by building a $262 million convocation center. The convocation center would hold between 8,000 and 10,000 people and is just one of several projects Morgan State has planned for the 59-acre former Lake Clifton High School property, which it acquired last year.

Cannabis dryingPh by Andrea Porziellawww.terredicannabis.com
Baltimore taking steps to prepare for state funds from legal cannabis sales

A step ahead of the rest of Maryland, Baltimore is starting to plan what it wants to do with money stemming from recreational cannabis sales. A bill that would form a Community Reinvestment and Reparations Commission is heading Monday to a likely final vote before the City Council. It appears poised to win final passage following a vote two weeks ago during which there was no opposition.

Read More: Baltimore Sun

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