September 2011 Market Update The U.S. housing market has shown notable stability in 2011 compared to the previous two years when the tax credit made a clear impact. Although recent economic indicators have been less than expected, including a downward revision of GDP and consumer confidence that mirrors early 2009, owning a home is still… Read More
May Housing Market Update
May 10, 2011 By
Gradual and uneven progress in the housing market continues without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed and all-cash sales continue to skew the overall picture of home prices downward, inventory remains at pretax credit… Read More
April Market Update
April 21, 2011 By
Gradual and uneven progress in the housing market continues without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory remains at pretax credit expiration levels. The rock-bottom… Read More
March 2011 Market Update
March 14, 2011 By
Gradual progress in the housing market continues at a steady pace without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory continues to shrink and sales continue… Read More
January 2011 Market Report
January 18, 2011 By
The housing market is recovering. As more home buyers are taking advantage of the improved affordability conditions. With mortgage rates hovering around recent record lows and home prices having generally stabilized, economists are expecting an upward trend to a healthy and sustainable level in 2011. Encouraging signs are showing up across the economy. Retail sales… Read More
What is Meant by Median Sale Price?
December 10, 2010 By
Recently I have been asked by clients and readers to explain what is meant by Median and why are all housing statistics measured this way? Well simply but it helps even out the difference in sale price from the top home to the bottom home. A home sale value instead of a mean in its monthly Existing-Home… Read More
MAINE MEDIAN HOME SALES PRICES UP 0.9% PERCENT IN OCTOBER
December 7, 2010 By
Unit Sales Decrease 29% SOUTH PORTLAND (November 23, 2010) – The median sales price of existing single-family homes in Maine continues its rise during the month of October 2010. According to the Maine Real Estate Information System, Inc. (MREIS), the median sales price (MSP) increased 0.91 percent, to $166,500, in October 2010 compared with October… Read More
Foreclosure Myths
November 16, 2010 By
Four years into the housing crisis, myths about foreclosure still litter the minds of even the smartest of real estate consumers. When it comes to matters as high stakes as your home, confusion can cost you thousands – or even your home. Whether you’re a buyer looking at foreclosures, a homeowner struggling to keep your… Read More
November Market Report
November 9, 2010 By Leave a Comment
November 2010 . Market Update The housing market continues its gradual recovery without the aid of the tax credit. Sales are slower but growing. Although it will likely be uneven at times, slow growth is believed to be the trend moving forward. Interest rates hit a new historic low again, a major factor in helping… Read More
