Amidst the COVID-19 pandemic, many of us had redefined what "home" means for ourselves and our loved ones. This can be seen in the growing popularity of multigenerational households, as explained by Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Associa

You might have come across recent news reports suggesting that renting is a better option than owning a home. However, it's important to understand the basis of these claims before you make any decisions. Many of these reports make assumptions that are unrealistic for the average household. For exam

Bottom Line, You Have Options Before putting your home on the market, make sure you’ve considered all of your options for your next home. Increasingly, newly built homes are becoming more popular, but existing housing stock can offer plenty of benefits, too. You can always feel free to reach out to

Current homeowners are holding onto substantial equity despite recent easing in home price appreciation. As a homeowner, you probably have experienced an increase in your net worth in recent years due to rising home prices. This has major implications for you, even as the market moderates. Housing I

Selling your home can be a complex process, especially in today's market. That's why it's important to work with a professional who understands the ins and outs of the industry. Here are five reasons why hiring a real estate advisor can help you get the most out of your sale, with insights from expe

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

Purchasing a house has become an increasingly popular way to achieve financial security and generate wealth. As per Freddie Mac, buying a home is a key aspect of wealth creation and financial stability, thanks to the equity built through monthly payments and home price appreciation. With the Maine r

Keeping It Brief As you may already know, the Maine real estate market is already gearing up. While the snow may still be falling, it’s not too early to begin working on your to-do-list to get your home ready to list. Decluttering, beginning your packing early (think things you only use once a year!

A recent Harris Poll survey found that 8 out of 10 Americans are prioritizing buying a home, and approximately 28 million Americans plan to buy one in the next 12 months. Homeownership offers numerous financial and non-financial benefits, so the number of Americans prioritizing it should come as no

A large segment of our population is coming to a point in their lives where they need to plan for their future housing during retirement. As you approach this phase as a homeowner, there are various alternatives to consider. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the

One of the biggest hurdles in the housing market right now is the limited availability of homes for sale. Chief Economist at First American, Mark Fleming, outlines two primary reasons for this lack of supply in today’s real estate market. According to Fleming: “Two dynamics are keeping existing-home

With the real estate market in Maine undergoing a shift, selling your home this spring may require more preparation than it would have in the past. Although there are more homes for sale than there were at this time last year, inventory levels are still historically low. This means that if a house h

  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. As

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 Age