The Kushner Cos., a firm run by White House adviser Jared Kushner's family, just purchased 6,000 properties in Maryland and Virginia, adding to an already sizable real estate holding in the Mid-Atlantic region.
The jolt to interest rates that followed Trump's win signaled the incoming president's market-moving power. But analysts said that for residential real estate — a sector that fuels more than 15 percent of the country's economy — it's not clear in what direction the market might be moving.
Scott Plank, the brother of Under Armour CEO Kevin Plank has purchased numerous properties from a major commercial landlord near Hollins Market in Southwest Baltimore, according to another developer and others involved in the community.
Some Republicans are very fond of lecturing the country on the importance of personal responsibility. Serving a long jail sentence for a minor drug offense? It's your fault for getting involved with drugs in the first place. Requesting unemployment benefits beyond the 72 weeks now allowed by law? You must be lazy and aren't serious about getting a job. A single mother of four struggling to live on welfare? Well, you should have thought about this before having those babies.
A Pylesville man will spend 19 months in federal prison and be responsible for paying a significant portion of almost $1.2 million in restitution for conspiring to commit mail, wire and bank fraud arising from mortgage fraud schemes involving Baltimore City properties, according to the Maryland U.S. Attorney's Office.
For the next year, Joshua Patterson will take the MARC train from his home in Baltimore to Washington, where he'll join an elite class of presidential fellows on a mission to shake up federal bureaucracy.
Home sales in the Baltimore area had their best January in eight years, and all signs point to a strong spring market, real estate analysts said. Numbers released by the RealEstate Business Intelligence and the Greater Baltimore Board of Realtors — reflecting slightly different spans of time — show January sales up by 18.4 and nearly 17 percent respectively compared with a year before. The sales figure was the best since 2007, RBI reported.
The 2013 State of Housing in Black America report found that African-American homeownership dropped from 48 percent in 2007 to 43 percent today and foreclosure rates were higher among African Americans and Latinos. NAREB President Donnell Spivey said he is concerned that the recession has made many people in the African American community wary of homeownership, traditionally a safe investment and a route to the middle class.
One California city's controversial plan to use eminent domain to reduce the number of underwater mortgages has caught the eye of some Baltimore leaders, who say the city might benefit from the program too.
The president's proposal to unwind Fannie May and Freddie Mac, similar to a bipartisan bill in the Senate, points the way toward meaningful reform in housing policy that doesn't eliminate the government's role in making homeownership possible for the middle class.
Maryland Attorney General Douglas F. Gansler and nine other attorneys general sent a letter Monday to President Obama and the U.S. Senate¿s leaders demanding new management at the government entity that oversees Fannie Mae and Freddie Mac.
Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the adoption of a pioneering federal rule Thursday that is intended to prevent a repeat performance of the risky mortgage lending that led to the mid-2000s housing boom and bust.
WASHINGTON — Maryland's newest member of the House of Representatives, Democrat John Delaney, was sworn into office Thursday amid a flurry of symbolism and celebration but also apprehension over issues left unresolved by the last Congress.