Breaking It DownNavigating through housing market statistics from one year to the next can be a bit of a puzzle in a typical market. And the last few years? They've been anything but typical, earning the label of 'unicorn' years. In the coming year, be ready for some startling headlines about the ho

  In the current landscape of real estate, one element that conspicuously stands out is the robustness of the housing market. This is particularly noticeable in southern Maine, specifically in Cumberland and York counties, where the real estate sector is demonstrating unprecedented resilience. In fa

  Present-day mortgage rates hold significant importance for prospective homebuyers, particularly in the vibrant real estate market of Southern Maine. Whether you're a first-time buyer or considering selling your current property to upgrade to a more suitable home, you might find yourself contemplat

In the midst of the headlines about home prices and fluctuating mortgage rates, you may be wondering whether investing in homeownership still holds merit, especially in the current Maine real estate climate. A recent poll from Gallup might help to resolve your doubts as it reaffirms that yes, indeed

  Last year's final quarter was filled with doomsday predictions about a potential crash in home prices. Renowned financial experts and institutions like Jeremy Siegel from the Wharton School of Business, Mark Zandi, Chief Economist at Moody's Analytics, and Goldman Sachs all had ominous forecasts:

  Some Highlights June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home. Owning a home not only makes you feel proud and accomplished, but it’s also a big step toward having a secure and stable financial future. Are you ready to

  Owning a piece of the Pine Tree State can transform your life, filling it with a sense of accomplishment and, above all, joy. June's National Homeownership Month is the perfect occasion to delve into the manifold benefits of having a place to call your own. While fiscal advantages are, of course,

  Embarking on the journey to buying your first home is an exhilarating decision and a significant milestone that has the potential to elevate your life in many ways. Being a first-time homebuyer, this is a vision you can actualize. However, as the National Association of Realtors (NAR) points out,

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compare

Some Highlights If you want to sell your house, consider doing it this summer. The days are longer, the weather is warmer, and it’s a great time for sellers. If your needs have changed, now’s the time to capitalize on the low inventory and multiple offers in today’s sellers’ market. Let’s connect to

If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will hav

  You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be won

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes:  “. .

  The process of buying a home can feel a bit intimidating, even under normal circumstances. But today's market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the ava

  Some Highlights If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power. These charts show how rates generally affect your monthly payment. The best way to navigate changing mortgage rates and make an informed buying decision is

  The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest Sh

The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, whil

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtor

  Some Highlights While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happ