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Baltimore is the largest independent city in the United States. As of 2009, the population of the Baltimore Metropolitan Area was comprised of approximately 2.7 million residents, making it the 21st largest in the country. Baltimore’s economy was once very strong in the industrial sector, specializing in steel processing, shipping, auto manufacturing, and transportation. Since then, the city has undergone deindustrialization and now has more of a modern service economy, as growth continues today in the financial, business, and health services industries. Currently, Baltimore may be characterized as a buyer’s market as the total numbers of sales (as well as property values) continue to decline. Additionally, the city of Baltimore provides several programs and incentives to help new home buyers and current homeowners. Now is the perfect time to purchase real estate in Baltimore, Maryland.
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