The decline in sales volume and run-up in prices were similar to those in previous months, but an expert says there’s a ‘glimmer of hope’ for potential buyers.
home sales
Posted inBusiness, Nation / World, News
U.S. home resales barely rise as inventory constraints worsen
The constrained inventory levels, pared with high mortgage rates, continue to impede the resale housing market.
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Posted inBusiness, Maine, News
At $10 million, one of the priciest homes in Maine history goes to former SEC chair
Richard Breeden, known as ‘King Richard’ at the Securities and Exchange Commission, bought the Knox County estate in the most expensive home sale so far this year and the 6th-highest ever in Maine.
Posted inBusiness, News
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
Posted inBusiness, News
Hundreds of Mainers have gone into real estate as the hot market begins to cool. Now what?
The number of real estate agents has been growing by double-digit percentages. But the trend may be reversing, even as younger agents join the field.
Posted inBusiness, Nation / World, News
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.
Posted inBusiness, News, Uncategorized
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.
Posted inBusiness, News
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.
Posted inBusiness, Nation / World, News
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.
Posted inBusiness, Maine, News
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.