High-income Baltimore neighborhoods might have retained more of their housing-bubble gains than moderate- and low-income communities, a new analysis by Johns Hopkins graduate students suggests.
The public-policy students, who wanted to understand how the drama-filled last decade affected 14 varied city neighborhoods, found that home prices in 2009 were far above their 2000 levels in most places -- but as a group, the high-income spots held up the best.
The hardest-hit neighborhoods weren't low income. Frankford and Belair-Edison -- both moderate-income areas in Northeast Baltimore -- saw values fall so much during the bust that they ended the decade with prices slightly below their 2000 levels, after accounting for inflation. (I know we don't normally think of home prices in an inflation-adjusted way, but the students wanted to try to get at the real change in value.)
Rising foreclosures seem to be a key reason for the big price drops in those two neighborhoods.
Read on to see how median home sale prices changed in the analyzed neighborhoods. And tell me if you're surprised by the community that retained most of its boom-time price levels. (Hint: It's an exception to the high-income-neighborhood trend.)
| Neighborhood | 2000 median | 2006 median | 2009 median | 09 vs 00 | 09 vs 06 |
| Frankford | $84,530 | $149,451 | $79,500 | -6% | -47% |
| Belair-Edison | $62,465 | $98,211 | $61,558 | -1% | -37% |
| Ashburton | $85,649 | $148,598 | $97,000 | 13% | -35% |
| Mt. Holly | $55,939 | $122,711 | $66,683 | 19% | -46% |
| West Forest Park | $73,342 | $120,949 | $95,000 | 30% | -21% |
| Cedarcroft | $308,287 | $523,082 | $415,000 | 35% | -21% |
| Highlandtown | $47,374 | $128,102 | $70,695 | 49% | -45% |
| Ten Hills | $99,385 | $176,140 | $148,500 | 49% | -16% |
| Morrell Park | $67,438 | $118,494 | $101,000 | 50% | -15% |
| Tuscany-Canterbury | $242,403 | $412,060 | $365,000 | 51% | -11% |
| Mt. Washington | $182,113 | $373,096 | $299,500 | 64% | -20% |
| Canton | $150,041 | $297,836 | $249,900 | 67% | -16% |
| Greektown | $64,641 | $152,868 | $110,000 | 70% | -28% |
| Wilson Park | $36,547 | $71,257 | $69,540 | 90% | -2% |
read full article How Baltimore neighborhoods fared in the 2000s
The Department of Veterans Affairs (VA) acquires properties as a result of foreclosures on VA-guaranteed and VA-financed loans. These acquired properties are marketed for sale through a property management services contract that was awarded to BAC Home Loan Servicing, LP.
Fannie Mae REO Homes For Sale - HomePath.com
We have 1000's of homes available for sale. Search for your next home by city, state, or # of bedrooms.
Hey there! BaltimoreHUD is using Twitter. 
Baltimore HUD homes Facebook fan page 
More detail »