Market Updates

Historic Preservation Commission Releases Draft Guidelines

After a process of public input and staff support, the Historic Preservation Commission recently released its draft version of its design guidelines, and it seeks more public input before finalizing the document. You can read the Draft Guidelines, as well as Appendix A, Appendix B, Appendix C and the proposed chart detailing administrative review.

These documents and more information about the Historic Preservation Commission can be found in the Boards and Commissions listings.

To provide input on the documents, you can email City Planner Pat Escher or Planner/Historic Preservation Staff Herve Hamon. You may also call the Department of Public Works at (410) 228-1955, or mail your replies to:

Department of Public Works

c/o Pat Escher

1025 Washington Street

Cambridge, MD 21613

 

Fueled by Homebuyers up North, Florida Luxury Markets Sing

There is ceaseless demand for homes in the lowest price tier—but there is also a growing interest in the luxury sector, specifically in the South and West, according to realtor.com ® research. As of May, the fastest-growing luxury markets are in the Sunshine State, the research shows. In May, Sarasota County was the No. 1 luxury market in the nation, with the top 5 percent of the highest home prices soaring 19.1 percent year-over-year. Collier County, which contains East Naples, was the No. 3...


City Households on Par With Suburbs: ULI

With employment opportunities, options for transportation and walkability, Americans are drawn to living urban. Now, the demand for housing in urban areas is rivaling that of the suburbs, according to new research by the Urban Land Institute (ULI). In the 50 largest markets in the nation, city population rates are speeding up toward those of the suburbs, the research shows. From 2010-2015, the amount of residents in the suburbs swelled 3.7 percent—aligning with, though higher, than the 3.4 pe...


Existing-Home Sales Hit a Snag

Existing-home sales in May were snagged by supply, the National Association of REALTORS® (NAR) reports. Activity in May declined 0.4 percent to 5.43 million, down 3 percent from the prior year. Inventory increased 2.8 percent to 1.85 million, but was 6.1 percent lower than the prior year. “Closings were down in a majority of the country last month and declined on an annual basis in each major region,” says Lawrence Yun, chief economist at NAR. “Incredibly low supply continues to be the primar...


Living in the Lap of Luxury in the Philippines

With two major offices in the Philippines and several regional hubs, 100-plus employees (25 of which are engaged in real estate brokerage), Pinnacle Real Estate Consulting Services Inc. continues to see a lot of interest from investors in the Asia-Pacific region who are keen on Philippine opportunities. Here, Managing Director Michael Mabutol provides a closer look into what’s keeping the luxury market moving in the Southeast Asian country. Please describe your current housing market. Our cur...


Savings on Errors and Omissions Coverage

NAR PULSE—Victor O. Schinnerer & Company and the National Association of REALTORS® have partnered under the REALTOR Benefits® Program to provide a first-class errors and omissions (E&O) insurance program to both REALTORS® and REALTOR®-firms. Several premium credits are available, as allowed by state law, including a credit for being an NAR member, holding select NAR designations, use of standard contracts and more. Learn more. Brokerage Success Stories from realtor.com® Whether you are a bran...


Housing Starts Spike to 11-Year High, Permits Stumble

Following a dip last month, housing starts rebounded in May, up 5 percent to 1.35 million from the revised April estimate of 1.286 million, according to recent data released by the U.S. Department of Housing and Urban Development and the Commerce Department. Meanwhile, single-family housing starts jumped up 3.9 percent since April to 936,000, the second-highest reading since the Great Recession, according to the National Association of Home Builders. Multifamily starts (five units or more) dr...


HomeServices of America® Acquires BHHS Ambassador Real Estate

Acquisition strengthens HomeServices’ presence in the Omaha market HomeServices of America, Inc., has announced that it has acquired Berkshire Hathaway HomeServices Ambassador Real Estate as well as an ownership interest in Ambassador Title Services. Financial terms of the transaction were not disclosed. Headquartered in Omaha, Nebraska, Ambassador Real Estate serves the Omaha, Lincoln, Council Bluffs, Fremont, and Dundee communities with 630 sales associates operating in five sales offices. ...