Q: How is it calculated that a 1% increase in mortgage rate is equivalent to a 20% increase in the price of a home?
Question: I read that a 1% increase in mortgage rate is equivalent to a 20% increase in the price of a home. (It was in the context of encouraging people to buy now, with low rates). How is this calculated? Answer: The cost of a home is for...
American Visionary Art Museum is part of Free Fall Baltimore Event
The American Visionary Art Museum (AVAM) is an art museum located in the Federal Hill neighborhood at 800 Key Highway in Baltimore, Maryland. The city agreed to give the museum a piece of land on the south shore of the Inner Harbor under the...
The Walters Art Museum is part of Free Fall Baltimore Event
The Walters Art Museum, located in Baltimore, Maryland’s Mount Vernon neighborhood, is a public art museum founded in 1934. The museum’s collection was amassed substantially by two men, William Thompson Walters (1819-1894), who...
How do you buy a house that needs repairs before a bank will lend money?
Most people can’t pay cash for a home, even if it is a discounted foreclosure property. That means you need a loan. But, banks don’t want to lend on a home that is not livable. So does that mean you can’t buy distressed properties?...
Ask for help setting up an automatic home search
A great feature of this website is the automatic home search. You can set this up yourself, or ask us for help. Here is a sample of what I will ask you to get started. This is based on a real email I’ve sent, with the details changed...
Water found on the Moon.
NASA – Water Detected at High Latitudes on the Moon NASA’s Moon Mineralogy Mapper, an instrument on the Indian Space Research Organization’s Chandrayaan-1 mission, took this image of Earth’s moon. It is a three-color...
Baltimore Humane Society has a dog walk hike event every Wednesday
I'm Emily. Adopt me at the Baltimore Humane Society. Every Wednesday, the Baltimore Humane Society hosts a hike. The animal shelter is fortunate to have a beautiful property with many acres in Baltimore County off of Nicodemus Road. The hike...
Anne Arundel County Crime Map
Yesterday I told you about the Baltimore Sun’’s Baltimore County Crime Map. Today I would like to point out that the Sun did two counties. Here is a picture of their Anne Arundel County Crime Map. It has all the same features as...
Baltimore County Crime Map
The Baltimore Sun has put together a mashup of crime data and Google maps. This picture is only an example. As a test I made a heat map of traffic stops in Baltimore County. I had some troubles getting the mashup page to work. If you also have...
Eleven of the skinniest houses you have ever seen.
Photo Credit, Vidiot. New York’s ’skinniest house’ is on sale for 2.7 million dollars. It is only 9 1/2 feet wide. It is located on 75 1/2 Bedford St. in New York City. The current owner bought it in 2000 for $1.6 million. Photo...
