Foreclosure auctions, up 25% in the past year, hit a post-pandemic peak

Drive through Baltimore's city center and you'll see street after street of historic row homes, many of which are more than 100 years old. Roughly half of the city's 300,000 or so housing units are decades-old historic row houses, though condition and quality of the homes varies greatly. Baltimore is a city of contradictions, full of history and East Coast charm, but struggling with affordability. Around 20% of the city's 577,000 residents live below the poverty line, making it one of the poorest urban centers in the country. Those factors may be what make it particularly susceptible to bad actors in the real estate market. For decades, the city has struggled with an epidemic of slumlords who have let thousands of properties remain vacant and in disrepair. The cost of these vacancies is estimated to be around $200 million annually in combined lost tax revenue and public service expenditures. Baltimore has also dealt with its fair share of real estate fraudsters, who see the fragile Baltimore market—where much of the population is ill-resourced to defend itself against financial crimes—as fertile ground to make fast cash.

Bungalow on one floor for sale - Varennes - 139 Rue Fernand-Seguin - 16411049