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PublishedNovember 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.
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PublishedNovember 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.
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PublishedOctober 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.
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PublishedOctober 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.
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PublishedSeptember 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.
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PublishedSeptember 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.
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PublishedAugust 11, 2022
Mortgage rates jump on strong employment and inflation data
The inflation data may cause the Federal Reserve to moderate its rate hikes.
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PublishedJuly 20, 2022
U.S. home sales fell in June as prices reach new heights
After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020, near the start of the pandemic.
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PublishedJune 21, 2022
U.S. home sales slow for the 4th month as prices enter unprecedented territory
The average rate on a 30-year home loan climbed to 5.78% last week, the highest its been since November of 2008 during the housing crisis.
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PublishedApril 20, 2022
Maine home prices keep rising while limited inventory slows sales
The real estate market figures for March show a continuation of the pattern in sales and prices caused by a tight supply of homes on the market.
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