Linda Bass Yaffe

Apartment Rents Rise in Baltimore – Canton, Fells Point, Federal Hill, Harbor East

Rent Up 6%

Apartment rents rose more than 6% in the Baltimore Metro area last year as we experienced improved job growth and declining home sales.

It seems as though people no longer see the glamour in home ownership.  There is still a sense that people would rather purchase real estate in Baltimore than rent, however with the economy as it is and stricter guidelines on home loans, people are not finding themselves in a position to buy.

So…there is a significant increase in people looking to rent!

As we are waiting for the job market to come back, people want to remain able to pick up and move for a new great opportunity! The ability to be mobile is something that people treasure right now as many are having to relocate in order to find employment.  Once they do move, people are choosing to rent as they get acclimated to their job and the area.

Calling All Investors

Are you an investor thinking about buying real estate for investment purposes?  Now may be the perfect time for you to get in on the rising rental market. With all the foreclosures and short sales, there are great deals out there for investors.  And according to all the research, there are an abundance of renters!

The good news is that we at Yaffe Real Estate also handle rentals and property management through our affiliate company, Chesapeake Property Management. Our goal is to handle all of your real estate needs under one roof – buying, selling, rentals, property management and more.

Call us today to assess your situation, 410-902-1100!

Baltimore City, MD Market Statistic Update – Canton, Fells Point, Federal Hill

Wow – with the quantity of home sales up, Baltimore City’s average price is down in a very affordable price range.  Are you thinking of investing in Baltimore City real estate and then renting out the home?

Now may be the time.  Buy low, fix up the home, and rent it out to the many renters moving into the area.  With solid employment at Johns Hopkins and the University of Maryland, relocating medical residents are always looking for a safe, well kept place to live.

Now may be the time for all of the investors to step into the market.

Are you thinking about buying for investment purposes?  Call us today.  We know how to analyze the numbers so you make a good business decision.  And we also offer property management services through our sister company, Chesapeake Property Management, Inc.

Baltimore City Market Stats – December 2010