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4th Quarter Market Data “Good News” Say Baltimore-Area Real Estate Educators
BALTIMORE, MD (1/22/2010) -- Data from RealtyTrac (a leading real estate data provider) revealed Greater Baltimore area foreclosures decreased from 1.07% of total residential real estate to 0.47% in the first half of 2009 -- the lowest foreclosure rate of the largest 25 U.S. metro areas. The news signaled a positive forecast to area real estate educators.
"This is one of many signs that Greater Baltimore is holding its own and will emerge from this recession ahead of other major markets," commented Tom Sadowski, CEO of the Economic Alliance of Greater Baltimore (www.GreaterBaltimore.org), a public-private economic development organization that frequently benchmarks Greater Baltimore with the 25 largest metro markets in the U.S.
"The Greater Baltimore area will recover much faster than other areas because of its unique combination of affordable living, job growth, and higher education facilities," explained Stephen Ferrandi, C.I.S. who straddles academia and real-world entrepreneurship as a graduate-level professor at Johns Hopkins University (www.jhu.edu) and a real estate investment coach at Investors United School of Real Estate (www.InvestorsUnited.com). "Nationwide, Greater Baltimore is ranked 3rd Best City for Recent College Grads (Apartments.com 5/09), 7th Best City for Job Growth (Forbes 1/09), and scored 1st in State Education Systems (Education Week 1/09). In short, if you're willing to study and work hard, there is still opportunity here," Ferrandi said.
