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D.C. Driving Baltimore's Rising Home Costs

Posted by: Abhijeet Chavan
Thanks to: Kurt Sommer
23 March 2005 - 6:00am

Baltimore and its suburbs see a rapid increase in housing costs as people flee the high cost living in the nation's capital.

"An analysis of five years of home sales and other data by The Sun found clear signs that proximity to D.C. is driving the boom in Baltimore and its five surrounding counties, over and above what extraordinarily low mortgage interest rates have achieved nationwide... The 80,000 people who moved here from Washington and its Maryland suburbs between 1999 and 2003 would be enough to buy nearly half the homes sold in the Baltimore area during that period.

Full Story: Home costs go north
Source: The Baltimore Sun, March 19, 2005
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