EXIT Oceanside Realty Blog
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.
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.
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...Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 7.9 percent in the week ended Sept. 12.
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To read full article go to:
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Sincerely,
Rick Coyne, Broker/Ow...
