The impact of the real estate crisis continues to reverberate in the Baltimore area, reports Patch.com. However, the industry is showing signs that it is beginning to make a comeback. In April 2016, bank-arbitrated sales dropped by about seven percent in the Baltimore metro region compared to the same period in 2015. The homes were also sold for higher prices.
Surge in recent years
Maryland, following the real estate crisis, changed several regulations. Real estate rules became more consumer friendly as a result of these modifications. Additionally, foreclosures occurred slower in the state compared to other states. The median home sales price in Baltimore, as well as its surrounding counties rose by about six percent from April 2015 to May 2016 as a result of the progress in the distressed housing market sector of the state.
Todd Lubar and love for real estate
In 1995 Todd Lubar started his real estate career after he graduated with a bachelor’s degree in speech communication from Syracuse University. Between his desire to help others and his fascination with every aspect of the real estate industry, Lubar knew that he belonged in real estate. He started working for Crestar Mortgage Corporation as a loan originator. During his tenure he became an expert in conservative mortgage banking. Todd considers this to be an invaluable experience.
Since he wanted to learn everything he could about the industry, Lubar formed relationships with real estate agents, financial planners, CPAs and insurance agents. Currently, these are the individuals who form his incredible referral base.
From 1977 until 1987 Todd Lubar went to the Sidwell Friends School in DC. His high school education was from The Peddie School in Hightstown, New Jersey. He later joined Syracuse University where he studied speech communication. Lubar graduated in 1995 with a bachelor’s degree from the university and got his first job with Crestar Mortgage Corporation. He spent four years at the corporation before leaving to join Legacy Financial Group. The group is based out of Arlington Texas. During his tenure at the group, he helped to grow the Maryland office to a production unit of more than 200 million dollars a year in loan volume.
After the Baltimore’s real estate crisis, more people are confident enough to consider buying a home. Todd Lubar has played an integral part in creating a better market for prospective homeowners. His loan expertise together with his real estate prowess has enabled him help many people own a home. More information about Todd on his tumblr page.