According to data from listing service Bright MLS, the median home price in the Baltimore area in June was $285,000 in June, up 2 percent from the year prior. Sales volume is down 5.4 percent for the same time period and it took an average of just 15 days to sell a property. Read more at The Baltimore Sun.
The National Science Foundation has awarded a $225,000 Small Business Innovation Research grant to Baltimore-based Cykloburn Technologies to support development of a low-emission combustion system that converts biomass into energy. The company had already received a $150,000 investment from TEDCO’s Maryland Innovation Initiative and a $100,000 grant from the Maryland Industrial Partnerships program. Read more at Technical.ly Baltimore.
The Maryland Board of Public Works will consider a proposal to turn an unused wet basin into seven acres of additional storage for cars and other cargo after hitting an all-time record for the number of cars and light trucks to come through the Port of Baltimore in May. The estimated cost of the project is $6.3 million. Read more at The Baltimore Sun.
According to data from the U.S, Bureau of Economic Analysis, foreign investments to acquire, launch or expand businesses in the country was down 32 percent in 2017, totaling $259.6 billion versus $439.5 billion in 2015. Read more at CNN.
The Labor Department released numbers indicating that U.S. wholesale prices have increased 3.4 percent over the past year, the biggest 12-month increase since a 3.7 percent uptick in November 2011. Read more at Washington’s Top News.