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Economy: Baltimore, Fells Point and Federal Hill Maryland home buying, real estate listings, and homes for sale in Baltimore County, MD
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Find Out More About the Baltimore, Fells Point and Federal Hill Area Economy & Job Market 

Baltimore’s economy has moved from manufacturing to a mix of technology, information systems and institutions of higher education. With its mid-Atlantic location, the Port of Baltimore generates $1.4 billion in revenue annually and employs nearly 127,000 maritime-related workers.  

Baltimore’s state designated Enterprise Zone and federal urban Empowerment Zone offer economic incentives to eligible businesses. The University of Maryland Baltimore offers numerous educational job opportunities, and the Johns Hopkins Institutions employ a significant number of medical field workers.  

Baltimore’s Downtown has gone through one of the most drastic revitalizations of any major US city. The Inner Harbor is now world renowned for conventions and tourist travel. Dozens of exhibits, museums, theaters, aquariums and restaurants make up the Inner Harbor area. 

Maryland Department of Business and Economic Development 

Maryland Department of Business and Economic Development Baltimore City 

Office of the Mayor 

History of Modern Baltimore 

Economic Alliance of Greater Baltimore 

 

Request our Free Baltimore, Fells Point and Federal Hill Relocation Package. It's packed full of useful and important information about the Baltimore, Fells Point and Federal Hill, Maryland area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... 

Want the inside scoop on the local economy? It's our job to know! Ask us any question. Or request our FREE Baltimore, Fells Point and Federal Hill relocation package. We promise to get back to you quickly... 

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Real Estate Tips
Financing Your Home >Watch Your ARMs Length

Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.

First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.

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Real Estate Trivia
Q 
Where is the world's tallest apartment block?

A 
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
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Eric Rice and Clausen Ely, REALTOR®, real estate agents and broker for Baltimore, Fells Point and Federal Hill Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Clausen Ely
Results 1 Realty

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Baltimore, MD, 21230
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Clausen Ely started Results 1 Realty to serve the greater Baltimore and Anne Arundel County areas. Our team of knowledgeable and dedicated agents, assistants, contractors, and other vendors put customer service above all else. As we like to say "Results 1 Realty" is open 24 hours a day, 365 days a year.

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