Home prices continue to see a spike despite high mortgage rates and increasing house supply. These are a few factors that typically result in reduced home prices; so far, though, the record high costs of housing remain quite resilient. Currently, national data is...
Since 2020, home buyers have been struggling to get their hands on the limited housing inventory, prompting home sellers to raise the average home pricing to a record high. Combined with low mortgage debt and the need for more space, the high competition among buyers...
For the first time since the pandemic, mortgage rates are rising, and the housing market is cooling. While homes are still not affordable for many, there is a concern among those who are already homeowners that they will soon be seeing a slump in the value of their...
Ever since the pandemic’s inception and remote work becoming the new norm, sales volumes and Maine home prices have continued to soar. Houses are being sold twice as fast as a few years ago. Cash offers of more than $100,000 over the asking price are no longer...
