U.S. sales of new homes rise unexpectedly, showing stabilization

home sales

Published
March 23, 2023

U.S. sales of new homes rise unexpectedly, showing stabilization

The latest data – which showed last month's pace was the strongest since August – suggest the housing market may finally be gaining its footing after last year's rapid rise in mortgage rates.
Published
February 22, 2023

Lack of inventory slowed Maine home sales in January

The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
Published
December 21, 2022

Maine housing market may be easing for buyers, November numbers show

Prices are still rising, but at a slower pace than during the past two years, and mortgage rates fell slightly last month, according to data released Wednesday.
Published
December 21, 2022

U.S. home sales fell in November for 10th consecutive month

Home prices continued to rise last month, though at a far smaller rate than just a few months ago.
Published
November 18, 2022

October home sales in Maine show continuing decline and slower price growth

Sales volume was down, while prices were up. But for the second month in a row, the median sales price increase was in the single digits.
Published
November 17, 2022

Average long-term U.S. mortgage rates tumble to 6.61%

The rate for a 15-year mortgage, popular with those refinancing their homes, fell to 5.98% from 6.38% last week. It was 2.39% one year ago.
Published
October 27, 2022

Average long-term mortgage rate jumps above 7%, highest in more than 2 decades

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.
Published
October 20, 2022

Maine home prices rose again in September, but far less than usual

After double-digit leaps during previous months, the increase in home prices slowed. Real estate experts say the market appears to be cooling.
Published
September 21, 2022

Maine home sales fell again in August, while prices rose, but market may be leveling off

The number of sales fell by double digits, and the median sale price increased by about the same percentage. Mortgage rates are climbing and could be a wild card.
Published
September 21, 2022

U.S. home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row.