• Font Size    

WJZ.COM Editor's Picks

Great NFL Hair
E-mail

Close Window E-mail This Page

Housing Sales In Md. Hit The Skids

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +   
May 14, 2008 5:56 pm US/Eastern

Housing Sales In Md. Hit The Skids

Reporting
Pat Warren
BALTIMORE (WJZ) ― Maryland's housing sales hit the skids.  The National Association of Realtors reports first quarter declines in sales in Maryland lead the nation. 

As political reporter Pat Warren explains, there are lots of reasons.

From comfy-cozy a year ago to out in the cold today.  Housing dreams are turning to nightmares and there are all kinds of reasons.  The economy is down, the prices are too high and then there are realtors who think too many buyers are just running scared.

"Buyers are being more cautious," said Connie Jones.

Maryland housing sales are down 38.6%, according to the National Association of Realtors.  That's the biggest decline in the nation in the first three months of this year.

For many sellers caught in the crunch, need--not greed--trumps reason.  They can't bring themselves to sell at a loss.

Governor O'Malley says Maryland will recover easier than many other states based on the strength of the job market here.

(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)

WJZ.COM's Most Popular Slideshows

You need the latest Flash player to view video content.
Click here to download.

Click here to bypass this detection if you already have the latest Flash Player.

Local News

Top News Stories

© MMIX, CBS Corporation. All Rights Reserved.