home sales
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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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PublishedNovember 2, 2023
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.
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PublishedOctober 19, 2023
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.
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PublishedOctober 19, 2023
Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market.
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PublishedSeptember 21, 2023
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.
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PublishedSeptember 21, 2023
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.
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PublishedAugust 24, 2023
Average long-term U.S. mortgage rate jumps to 7.23%, highest level since June 2001
It is another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market.
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PublishedAugust 22, 2023
Maine homebuyers challenged as prices stay high
A small statewide inventory, high buyer demand and rising interest rates keep the pressure on an already hot housing market.
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PublishedAugust 3, 2023
Bank offers first Islamic mortgages based in Maine
The program is viewed as a watershed initiative for Maine's immigrant community.
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