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

  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

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

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

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 h

  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

  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

  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 ha

  There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s marke

  You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happenin

  The topic of home prices has been widely debated over the past year, with some predicting a massive drop in prices similar to the 2008 recession, while others forecast slight appreciation or depreciation depending on the region. As we approach the spring real estate market, experts are continuing

Mortgage rates have been on the rise in recent weeks after falling over the winter. This has led to concerns among potential homebuyers about affordability, especially as home prices have also been increasing. If you are planning to buy a home this year, you may be wondering if now is the right time

  Summarize It For Me, Sam! One of the main obstacles facing the housing market in Maine is the limited supply of available homes relative to the high demand from prospective buyers. Although the number of houses for sale has increased compared to last year, it remains below pre-pandemic levels. A

As the housing market gears up for spring, many people are concerned about the recent changes in home prices. With so much confusing data and misleading headlines, it can be hard to navigate the market. However, Nataliya Polkovnichenko, Ph.D., Supervisory Economist at the Federal Housing Finance A