New Challenge at the Baltimore home sales in August 2011

Posted at 8:28 PM by Abi Za
Home sales up, prices down in Baltimore in July. August brings new challenges for the housing market: the stock market slump, debt downgrades, fears of recession.

As reported www.baltimoresun.com foreclosures, high unemployment and tight credit is not enough, prospective home buyers in the Baltimore area got to feed more vigilance Wednesday as the Dow Jones Industrial Average plunged more than 500 points and a new local report showing housing prices continue to decline last month.