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I knew it was bad, but I didn't know it was THIS bad.

Baltimore homes are forecast to deflate an average of 11.9% in 2009.

Ouch.

Read more here:

Maryland Housing, Baltimore, Bethesda, Columbia, Silver Springs

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Great time to get into commercial real estate! Or not...

I have been wondering recently how office building owners manage to keep tenants. It seems with the "economic slowdown" in full force, more and more companies are trimming staff and need smaller places to work. Vacant offices are everywhere.

Now my favorite weekly business news rag has details:

Greater Baltimore’s office market is poised for the third consecutive year of declines, with low demand pushing up vacancy rates and driving down rental rates.

For Greater Baltimore’s office market, third time isn’t so charming - Baltimore Business Journal:

Ah, real estate....

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