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

  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

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

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

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

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

There's a unique thrill in being the first person to call a place home, right? Choosing that perfect countertop, selecting the flooring, maybe even deciding on the color palette for the rooms. When buying a new construction home in places like Scarborough or Wells, it's like sculpting your dream fro

Homeownership is more than just a place to lay your head. Over the years, as you make payments and as the housing market appreciates, you accrue equity. And in recent times, given the boom in home prices, your equity might just be your hidden goldmine. CoreLogic's recent Equity Insights Report illum

Key Takeaways: Home Prices on the Rise: As per expert analysis, various regions are already observing a hike in home prices. The general consensus among experts predicts an optimistic rise in property prices as 2023 unfolds. Mortgage Rates Tied to Inflation: The trajectory of mortgage rates for

For many, the world of the Federal Reserve (often simply called "the Fed") and its effects on the housing market can seem enigmatic. How does a decision by the Fed, situated in Washington D.C., influence your dream of purchasing a home in your locale? Let’s demystify this. The Federal Reserve’s Batt

  As you ponder the prospect of purchasing a home, Southern Maine—with its rich heritage, vibrant communities, and picturesque landscapes—may be on your radar. The decision to buy a home here, or anywhere, is significant. There's an array of factors to consider, from current mortgage rates to the in

For many homeowners in Southern Maine, from the picturesque streets of Brunswick to the vibrant scenes of Portland, the idea of selling seems tantalizing yet daunting. Two major concerns often rear their heads: the current mortgage rate scenario and the real challenge of finding a new haven amid a s

  Here are a few key highlights to bear in mind if you're contemplating buying or selling a home and need a quick update on the current housing market situation: The housing inventory is still relatively scarce Prices are climbing their way back up Homes that are priced correctly are moving off th

We've bid farewell to the roaring 'unicorn' era of real estate, yet the current market in places like South Portland and Brunswick is still vibrant due to the lean supply of homes for sale. If you're eyeing the Southern Maine real estate scene this season, be aware that while the bidding war bonanza

  Whether you are planning to buy or sell a property, understanding home prices is likely a top concern. It's not surprising if you are finding it hard to get a clear picture, given the confusing way headlines are addressing the issue. Many media outlets frame their narratives negatively by comparin

  Lately, you may have come across media reports about an increase in foreclosures in the present housing market. These might have caused some concern, especially if you're thinking of buying a home soon. It’s crucial to comprehend the context behind these reports and understand the actual situation