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PublishedMay 18, 2023
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
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PublishedMarch 30, 2023
Hundreds of Mainers have gone into real estate as the hot market begins to cool. Now what?
The number of real estate agents has been growing by double-digit percentages. But the trend may be reversing, even as younger agents join the field.
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PublishedMarch 21, 2023
U.S. home sales surged in February as mortgage rates dipped
The surge in sales – the biggest on records going back to 1999 – ended a 12-month slide that knocked the nation's housing market into its deepest slump in nearly a decade.
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PublishedFebruary 22, 2023
Lack of inventory slowed Maine home sales in January
The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
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PublishedDecember 21, 2022
Maine housing market may be easing for buyers, November numbers show
Prices are still rising, but at a slower pace than during the past two years, and mortgage rates fell slightly last month, according to data released Wednesday.
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PublishedDecember 21, 2022
U.S. home sales fell in November for 10th consecutive month
Home prices continued to rise last month, though at a far smaller rate than just a few months ago.
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PublishedNovember 18, 2022
October home sales in Maine show continuing decline and slower price growth
Sales volume was down, while prices were up. But for the second month in a row, the median sales price increase was in the single digits.
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PublishedNovember 17, 2022
Average long-term U.S. mortgage rates tumble to 6.61%
The rate for a 15-year mortgage, popular with those refinancing their homes, fell to 5.98% from 6.38% last week. It was 2.39% one year ago.
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PublishedOctober 27, 2022
Average long-term mortgage rate jumps above 7%, highest in more than 2 decades
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.
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PublishedOctober 20, 2022
Maine home prices rose again in September, but far less than usual
After double-digit leaps during previous months, the increase in home prices slowed. Real estate experts say the market appears to be cooling.
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