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.
home sales
Posted inBusiness, Nation / World, News
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.
advertisement
Posted inBusiness, Maine, News
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.
Posted inBusiness, Maine
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.
Posted inBusiness
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.
Posted inBusiness, Maine, News
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.
Posted inBusiness, Nation / World
The average long-term U.S. mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
The average rate on a 30-year home loan climbed above 6% in September 2022 and has remained above that threshold since.
Posted inBusiness, News
Lack of inventory hurt Maine home sales in September
The overall number of homes for sale last month increased by 2% from August, but there’s still a huge demand and a tiny inventory.
Posted inBusiness, Maine, News
Maine housing market stuck on falling sales, rising prices
It’s the same old song and dance as a tight inventory slows sales and pushes some prices up.
Posted inBusiness, Nation / World, News
Average long-term U.S. mortgage rate up to 7.19%
It is another setback for would-be homebuyers navigating an increasingly less affordable housing market.