Maryland Housing Market to Slog Through 2012
Shocks caused by the federal debt crisis this summer, along with an economic crisis in Europe and continually high unemployment, have sidelined potential homeowners, even as home prices continue to stabilize.
Maryland home builders expect a sluggish 2012 as joblessness and low consumer confidence have delayed a housing market recovery until at least 2013, according to experts at a forecast event held by the Home Builders Association of Maryland Thursday. "We've had to shove out our recovery almost an entire year," said David Crowe, chief economist for the National Association of Home Builders. "There's a constant stream of these worrying concerns out there that has wrecked consumer confidence." Shocks caused by the federal debt crisis this summer, along with an economic crisis in Europe and continually high unemployment, have sidelined potential homeowners, even as home prices continue to stabilize. Maryland's economic recovery has been slow, …
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Walter Darnall
6:53 am on Friday, December 9, 2011
While not relevant to this article, the house in the photo looks strikingly similar (in design and materials) to that of my late grandparent's house at 3913 Jefferson Street . They moved into it in February of 1949, probably when the house was about 15 years old. In fact, so many of the Hyattsville homes that were constructed in the 1930s are of the style of this home, with just subtle … more ›