Hud Homes In Baltimore

Written by Jared Vincenti
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Once one of America's major cities, Baltimore has declined in national importance since the Civil War, when it was occupied by Union soldiers to prevent Maryland from seceding. Over the past few decades, Baltimore has been investing a lot into its downtown area and the Inner Harbor. These initiatives have resulted in much more commerce in the city, and a lively nightlife.

What to Know when Looking for a Home in Baltimore

As with many other US cities that were formerly reliant on blue collar industry, Baltimore's economy has been a little slow in recent years. Thankfully, the city council has worked long and hard to keep the city alive. This kind of ethic is seen in the transformation of the Inner Harbor from an industrial shipping area to a hip downtown.

Housing costs in Baltimore are low, and despite higher taxes, homes in Baltimore are appreciating in value quite admirably. This seems somewhat counterintuitive, seeing that the city's population is shrinking, as is the job market. Instead, it seems to show that the city is reinventing itself, and this new Baltimore may not have room for the industries it once supported.

Because of this trend, Baltimore could be an excellent place to invest in real estate. A home in the right neighborhood could be bought at great discount now while the city changes, and may be worth a lot more in a few years. As one of few industrial cities that is still seeing rising property values, it is clear that there is a lot going on in Baltimore.


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