Month: September 2019

How does the crime rate affect real estate value

Did you know that U.S. crime statistics are closely linked to real estate market performance? Especially in any city in America, crime has a direct mathematical correlation with the predicted numbers.

In fact, in California adjacent to Riverside County, one of the 3 worst real estate zones in the recession hit, mostly due to the top of the market and overcrowding during bubble run-up. There was a recent article in the LA Times that indicated an FBI survey that reported that there was a 2.8% increase in crime statistics for every 1% increase in forecasts. Quite frankly, this is just plain terrifying!

Most areas of Phoenix, Las Vegas, Riverside County and Florida have experienced rising rates. Interestingly enough, in California, crowds of people and the state’s financial crisis have left people in prison. So, with California being hated twice, there will be more criminals on the road, crime will increase because of more prediction rates. Why do you ask to have a direct relationship?

Much of this is related to broken window theory. That is to say, if a house has a broken window, or is driven, it seems to be the target of crime, so it attracts criminals. In fact, it also attracts homeless squatters who need more things to steal or the intoxication of the neighborhood to get out of the weather.

Of course, there are all sorts of offenses related to the puck that gets knocked out, which looks down and brings in the wrong stuff. This is what is happening in many of the depressed real estate markets below the recession. Although things are starting to recover, it will be time until all work is restored and everyone is back to work. Then we can expect more crime. Consider all this.

West Baltimore real estate home values

Baltimore is one of the major weavers in American history. First settled in the 1600s, it is one of America’s largest cities in the colonial era. It is often thought of as a remote suburb of Washington DC, an industrial city on the decline. Yet the city is touring which presents a unique opportunity for real estate investors. The Baltimore real estate market offers a variety of properties for buyers who are looking for a place to call home.

There are about 600,000 people in Baltimore. Ballysim’s housing market would seem like a bad investment at first blush as the city reduced its population by about 5% between 20 and 20. This is the continuation of decades-long aircraft from the city; Between 1970 and 2000, the total population decreased by about a third. However, the Baltimore real estate market has significant opportunities for investors and the metropolitan area is not due to the population of about three million people. Let’s take a look at the Baltimore Real Estate market trends and investment prospects in Baltimore in 2019.

Baltimore Real Estate Market Trends

Market trends in Baltimore Real Estate indicate a $ 2,900 (-1%) decrease in median home sales over the past year and a 7% decrease in median rentals per month. The average price per square foot has risen from $ 156 to $ 156 for the same period. New homes for sale in Baltimore, MD, including open houses in Trulia, MD and bank-owned stages of the pre-redemption, auction or foreclosure process

Baltimore’s sale of homes from March 2 to May 25 was $ 210,000 based on the sale of 2,060 homes. The average price per square foot for Baltimore was $ 156, an increase of 0% over the same period last year. The average rent per month for apartments in Baltimore from May 4 to June 4 was 1,499.