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

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

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

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

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

  You've probably heard a lot of people, from all walks of life, asserting that it's preferable to rent rather than purchase a home in this current environment. However, there are numerous compelling reasons to consider homeownership today. One of the foremost reasons is that owning a home is genera

  In today's news cycle, you may be feeling a bit of unease about the current state of home prices, questioning if the worst is yet to come. Such anxiety stems from today's headlines often depicting an overly negative narrative. However, when we compare the year-over-year data, it's true that home p

If you've been giving buying a home some thought, you've probably been frequently monitoring every piece of news about the housing market you can get your hands on. News outlets, social media, chats with your real estate agent, or even casual supermarket conversations - they're all sources of insigh

  If you're looking to buy your first home, you're probably focused on all those costs involved in such a significant purchase. Without a doubt - your biggest cost is likely to be your down payment. It's common to feel daunted by the amount you need to save for this upfront cost, especially if y

  Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship