As a prospective homebuyer in 2023, you're likely keeping a keen eye on mortgage rates, given their significant influence on home loan affordability, especially in the present scenario. It's beneficial to analyze the historical journey of mortgage rates and discern their trajectory in alignment with

Last year, there was a whirlpool of media predictions insisting that 2023 would witness a significant plummet in home prices, brewing anxiety and raising questions of a possible echo of the 2008 housing crash. However, these projections largely missed the mark. Indeed, following the extravagant home

Although the feverish pace of the ‘unicorn’ years in the housing market has tempered, it remains a golden period for those looking to sell their homes, with the scales largely tipping in the favor of sellers. Wondering what this really spells out for you? The recent Existing Home Sales Report, as re

Key Takeaways As you chip away at your home loan and as the property values appreciate, your home equity naturally expands. Thanks to the current uptick in home prices, your equity could be receiving a substantial lift. In today’s market, a substantial number of homeowners find themselves equity r

  It's no secret that inflation influences various economic sectors, including the housing market. But how exactly does this relationship work, and what does it signify for potential home buyers and sellers? Let's delve into the intricate dance between inflation and the housing market, and see what

Maybe you’ve been holding back from selling your home, caught up in the chatter about mortgage rates rising and fearing that there aren’t buyers out there for your place. But let’s cut through the noise and look at the actual data, because spoiler alert: there are plenty of buyers on the hunt, and t

You may feel somewhat hesitant to even consider selling your home, especially when faced with potentially higher mortgage rates. But it’s vital to remember that it’s not just about the finances. The personal aspect plays a pivotal role too. A Bankrate article puts it succinctly: “Deciding whether i

With Generation Z (Gen Z) keen on carving out their own spaces and securing financial independence, many are now veering towards homeownership. Per the latest report from the National Association of Realtors (NAR), an impressive 30% of Gen Z individuals have moved directly from their family homes to

Some Highlights Limited Inventory: Current market reports suggest that there are only about half the number of homes available for sale compared to what was considered a normal inventory in previous years. Buyers' Demand: The reduced number of listings means buyers have fewer options to choose

In a period where whispers of recession loom, the economy, anchored by a robust employment landscape and steadily growing wages, holds steadfast, painting a hopeful picture for individuals contemplating selling their homes. Let's delve deeper into the crucial roles that employment and wage rates are

The digital era has democratized information, but with great power comes great responsibility. In the world of real estate, with its ever-shifting landscape, having access to accurate, timely, and relevant information is more than just an advantage – it's a necessity. The Difference a Good Agent Mak

When someone mentions the 2008 housing crash, many immediately recall the adjustable-rate mortgages (ARMs) that were all the rage back then. Flash forward to today, and we're witnessing the reemergence of ARMs. However, before sounding the alarm bells, let's demystify why ARMs have once again gained

If you've taken a scenic drive through towns like Scarborough or Gorham recently, you might've noticed changes in the real estate landscape. But with the NAR's upcoming EHS report, you could be scratching your head. It's hinting at a dip in home prices, yet you've read elsewhere that home values are

High inflation is making daily expenses steeper, raising concerns among some folks in places like South Portland and Gorham that foreclosures might shoot up. But here’s why that scenario in our beloved Southern Maine is a bit far-fetched. Punctual Payments: The Maine Ethos Across towns like Scarbor

Navigating today's housing scene, two factors are throwing prospective buyers off balance: the steeper mortgage rates compared to the recent past, and escalating home prices due to scarce inventory. Tackling these hurdles, many in places like Portland and Wells are teaming up with agents to discover

With the soaring costs in essentials like groceries and fuel, there's mounting speculation: will homeowners struggle with their mortgage payments, leading to a surge in foreclosures? Despite a slight increase in foreclosure filings from last year, industry experts are dismissing fears of an impendin

For homeowners in Maine, the decision to sell may be somewhat clouded by concerns about higher mortgage rates on the next property. However, understanding your home equity can shine a light on the true opportunities available to you right now. Demystifying Home Equity Home equity is essentially the

The allure of a new home and a fresh start continues to drive many to relocate. But with the housing market’s challenges of limited inventory and rising prices, it's essential to understand the current trends. A recent report from Gravy Analytics sheds light on these trends, making it invaluable for

You might have felt the ripple of concern sweeping through neighborhoods in Southern Maine, from the shores of Wells to the bustling streets of Portland. Will the home prices drop significantly? It's a question that's been on the minds of many residents. But here's the silver lining: based on month

You might have heard whispers around towns like Brunswick or Biddeford. "Is now the right time to sell? Are people even buying homes?" It's a thought that may have been looming over homeowners for a while. While the housing euphoria of a few years back has simmered, let’s debunk a myth: the market i