home sales
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PublishedJuly 23, 2024
Price of typical Maine home climbs above $400,000 for first time
'It was only a matter of time before (Maine) crossed the threshold,' said Paul McKee, president of the Maine Association of Realtors.
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PublishedJuly 10, 2024
The U.S. housing slump deepened this spring. Where does that leave home shoppers and sellers?
Economists are projecting mortgage rates will ease modestly by the end of this year. But a small decline in rates may not be enough to entice home shoppers and persuade homeowners it’s a good time to sell.
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PublishedJune 23, 2024
As seasonal home sales grow in Maine, businesses pop up to watch them
Maine has the highest percentage of second homes in the country, and Portland has been named the nation's hottest luxury real estate market for almost a year. Entrepreneurs are cashing in on the trend.
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PublishedJune 21, 2024
U.S. home sales fall for the 3rd straight month amid rising mortgage rates, high prices
Sales of previously occupied homes fell in May for the 3rd straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers.
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PublishedJune 10, 2024
Deer Isle home of late musician Dan Fogelberg is for sale
The waterfront property off Eggemoggin Reach is on the market for $2.4 million, and many of his belongings from the estate will be sold at auction this month.
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PublishedMay 27, 2024
What does it take to buy a house? Increasingly, Mom and Dad.
The trend of younger homebuyers, who are more often first-timers, seeking parental help to reach a middle-class milestone is just the latest sign of growing disparities between younger generations and older ones.
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PublishedMay 22, 2024
Maine home sales rise for third month, and prices inch closer to record high
In April, 933 homes were sold in Maine and the median sale price was $382,000, according to data released Wednesday.
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PublishedApril 18, 2024
Maine home sales increased again in March and prices neared historic highs
Home prices usually peak in the summer. As the season heats up, real estate experts worry home ownership could grow farther out of reach for many Mainers.
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PublishedApril 11, 2024
Homebuyers’ quandary: To wait or not to wait for lower mortgage rates?
Holding out for a more attractive rate can make a big difference, especially for first-time homebuyers who often struggle to find an affordable home. But lower rates could drive up prices, too.
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PublishedJanuary 19, 2024
Maine home sales broke records in 2023. But not the good kind.
The median sales price rose to $360,000 last year – and more than $500,000 in Cumberland County – as high demand and low inventory continue to squeeze the real estate market.
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