EXIT Oceanside Realty Blog
The increase is compared with October 2013 and far outstrips the regional and national numbers.
By Jennifer Van Allen Staff WriterSales of existing homes in Maine jumped 26 percent last month compared to October 2013, according to the Maine Association of Realtors.
Last month, 1,573 homes were sold, compared to 1,246 homes in October 2013. The median sale price was $175,000, a decrease of 0.71 percent compared to a year earlier.
Regulators released a joint rule today that would require lenders to escrow flood insurance payments and eliminate mandatory insurance requirements for structures that are detached from a primary residence.
The rule would require lenders to escrow premiums and fees for flood insurance for loans secured by residential improved real estate or mobile homes that are made, increased, extended or renewed after Jan. 1, 2016, unless the lender or the loan qualifies for a statutory exception. The propos...The median sales price was $175,000 in September, up 1.16 percent from a year ago.
Sales of existing single-family homes in Maine increased 6.58 percent in September, bucking downward trends in both the region and the nation.
The median sales price was $175,000 last month – up 1.16 percent from one year ago, according to the Maine Association of Realtors. Last month, 1,393 homes were sold, up from 1,307 in September 2013.
By Emily BrandonIf you don't have a traditional pension through your job and haven't been saving a significant amount in a 401(k) or individual retirement account, Social Security is likely to be your largest source of retirement income. Almost all retirees (86 percent) receive Social Security payments, and for over a third (36 percent) of retirees, Social Security accounts for 90 percent or more of their retirement income. The type of lifestyle Social Security alone will provide largely depends...
Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.
Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan fell to 4.12 percent from 4.19 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, also declined to 3.3 percent from 3.36 percent.
The 30-year rate is down from 4.53 percent at the start of the year.
The Wells Chamber of Commerce is offering a NEW event this year, "The Wells Veteran Day 5K Road Race/Walk" which will take place on saturday November 8, 2014 at 9:30AM. The proceeds will benefit the Wounded Warrior Project. For a registration form go to: www.wellschamber.org.
in the region and the nation, sales were down for the month.
Sales of homes inched up slightly in August, bucking what’s happening in the region and the nation.
Sales of single-family homes continued to rise last month, up 3.32 percent compared to August 2013, according to the Maine Association of Realtors. The median sales price slipped by 2.2 percent to $178,000. Nationwide, sales of existing homes dropped 4.9 percent in August, while the median sales price edged up 5.2 percent. In the North...
