Archive for December, 2015

Local Real Estate Sales Fly In The Face of National Trend

Wednesday, December 23rd, 2015

Portland, Me – Real estate sales bucked the national turned last month with a double digit increase year on year for November in Maine. Statistics released by the Maine Association of Realtors indicate a 22.68 percent jump in sales of existing single family homes in November compared to one year ago. Sales prices also continued […]

Clock is ticking down on rise in interest rates – What it means for real estate

Friday, December 11th, 2015

Portland, ME: The clock is ticking down on a likely hike in interest rates by the Feds, the first such increase since June 2006 and one which will surely trigger a rise in mortgage interest rates. The commentary below is provided by local lender Casey Hamlin, Branch Manager/Loan Officer at Northpoint Mortgage: “The state of the […]