A report by Zillow Real Estate Research this week found that the housing market is showing signs of life after five long years. Their conclusion: many metro areas have "hit the elusive bottom" and homes in some cities are now beginning to increase in value.
That’s the good news. In Baltimore, as well, certain neighborhoods are seeing housing prices climb.
The bad news is that the negative equity on huge numbers of homes across the country continues to weigh down the market. The Baltimore market, it turns out, mirrors almost exactly the national figures on underwater homes. According to Zillow, 30.9 percent of U.S. homeowners — 15.3 million people — have a mortgage that’s underwater. In the Baltimore metro area, that number is 30.8 percent.
Zillow has also posted a handy ...