Despite waving goodbye to the frenzied activity that typified the housing market of the recent past, the current market is far from dormant. In fact, the flow of buyer traffic remains robust. The ShowingTime Showing Index provides a measure of the number of buyers touring homes. The graph below empl

  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

  Key Points To Consider Based on the results of a recent Gallup poll, real estate has consecutively been named the most valuable long-term investment for over a decade, even surpassing gold, stocks, bonds, and other forms of investments. Owning real estate is not simply about having a place to call

If you're monitoring mortgage rates because you recognize their impact on your borrowing expenses, you might be contemplating what the future holds for them. Unfortunately, predicting mortgage rates is notoriously challenging. However, history provides a reliable indicator of rate movements, namely

  Before you proceed to list your house for sale, having a grasp of the current housing market climate is crucial. A positive development to note is that homebuyers are adjusting to the prevailing mortgage rates, perceiving them as the new standard. To appreciate the recent trends in mortgage rates,

  Some Highlights The current supply of housing is still significantly lower compared to what is considered as normal in previous years. Low inventory ensures that well priced homes continue to sell quickly and experience multiple offers. Even though Spring has come and gone, it's still a great time

  If you're on a quest to find your dream home in Southern Maine, you've probably noticed that the pickings are somewhat slim. It can be frustrating when your property search yields limited results. However, there's a gleaming beacon of hope: new-home construction. An article from the National Assoc

  Navigating today's housing market might feel like solving a complex puzzle - there are fewer homes available, yet a surplus of buyers are eagerly searching for their dream property. To give you a clearer picture, let's dive into some recent data concerning the active listings, or homes up for sale

  The American Dream is a unique concept, interpreted differently by everyone. For many, it symbolizes success, freedom, and prosperity - all of which can be achieved through homeownership. A recent survey conducted by Bankrate asked participants to identify which achievements best symbolize the Ame

In the shadow of the 2008 housing crisis, it's understandable that some potential homebuyers today may be wary of a similar fate befalling the current housing market. However, there are many reasons why the present market differs greatly from that of 2008, one of the most critical being the distinct

  As summer kicks off, are you contemplating selling your house? It's vital to know that buyers today value energy efficiency and eco-friendly features more than ever. This growing trend is underscored by the 2023 Realtors and Sustainability Report from the National Association of Realtors (NAR), wh

This week, we are anticipating the latest Existing Home Sales (EHS) report from the National Association of Realtors (NAR), a monthly deep dive into the sales volume and price trajectory of pre-owned homes. The forecast suggests a decline in home prices, which may seem perplexing if you've been keep

  You might be seeing news discussing a decrease in homeowner equity. It's crucial to note that equity is closely linked to the value of homes. When home prices increase, so does equity, and vice versa. Let's look at how this dynamic has unfolded recently. During the 'unicorn' years, home prices sur

  Deciphering media narratives surrounding home prices can be a complex task. The main source of confusion stems from the data being used and the aspects they choose to highlight. Home prices, especially in dynamic markets such as those found in Cumberland and York Counties of Southern Maine, are of

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

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:

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