If you’ve ever watched Extreme Home Makeover, you’ve seen the kind of satisfaction one group of people can bring to another by providing them with a home that suits their needs. While the Greater Baltimore AHC (GBAHC) hasn’t caught this kind of ‘extreme’ media attention, they’ve certainly caught the attention of the Baltimore area. GBAHC […]
Foreclosures Slowly Start Moving Again, Though Distrust Remains
A week or so ago, Bank of America announced it would put a hold on its foreclosure proceedings while it reviewed the processes that moved the foreclosure claims past lawyers, whose signatures were required. Other financial institutes followed suit. The decision came in the midst of growing fears that the foreclosures on tens of thousands […]
Housing Market Continues The Good, The Bad, The Ugly
The shocking number of foreclosed houses in July, over 90,000, has sent shockwaves through the economy – especially the Stock Market, as the Dow Jones Average has been near or below 10,000 the last few days (having reached highs just over 14000 a week ago). Investors worry about perceptions of future growth. The surprise of […]
Baltimore Finding Ways To Urban Renewal That Do Not Adversely Dislocate
In so many ways Baltimore spent much of the second half of the twentieth century as a city that snatched defeat from the jaws of victory: A vibrant industrial and trading city with a notable financial sector as well (in the decade after World War II), a city of some 2 million people who enjoyed […]
#Interview: Bernell Grier, CEO of Neighborhood Housing Services of New York City
The board of directors of the Neighborhood Housing Services of New York City recently appointed interim chief executive officer Bernell Grier as the CEO of the organization. Ms. Grier has built up an impressive resume as a banker having over her career serving as EVP, Retail Community Banking; SVP Middle Marketing Lending; Community Development Director; […]
Kicking A (Housing) Market While It’s Down
We are not a glum group at MKCREATIVE by any means. We just believe ‘forewarned is forearmed.’ Yesterday we discussed the local (read: Baltimore-Washington region) housing market, which did not enjoy a notable bubble and (thus?) has not suffered a violent bust. Nevertheless, the region is seeing a striking deflation in home values as foreclosures […]
NeighborWorks Video Outlines Home-Inspection Process
The housing market continues to prove to be a tough bubble to burst, though the Recession is technically over. Nevertheless, many are stepping into the housing market and the good folks at NeighborWorks have posted the video you see above on their blog and at YouTube. Home inspection is not necessarily a make-or-break moment in […]
NeighborWorks Offers $119 Million For Community Development
After yesterday’s report about the trickle of federal recovery aid being used to assist mortgage holders on the brink of foreclosure, we can return to the topic of the housing crisis with some much better news. NeighborWorks America has announced that it will be distributing $119 million in grants for this year. The amount is […]