Five reasons why we live in Maine – Updated
Make Maine Your Home Blog
by Leah Polans
2d ago
Welcome to our blog, where we’re about to embark on a journey into the heart of Maine. In this post, we’ll explore the essence of why Maine is not just a state but a true home for so many of us. Join us as we uncover the top five reasons that make Maine a unique and vibrant community to live in, with updated insights reflecting the changes we’ve observed over time. Maine Has Changed: Let’s start by acknowledging the evolution of Maine itself. Over the years, we’ve witnessed both positive and negative changes that have shaped the state we know today. From economic shifts to cultural transforma ..read more
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What Is Going on with Mortgage Rates?
Make Maine Your Home Blog
by admin
2d ago
You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be heari ..read more
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The Perks of Buying over Renting
Make Maine Your Home Blog
by admin
3d ago
Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place. 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up (see graph below): Using data from the Federal Reserve (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60 ..read more
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Now’s a Great Time To Sell Your House
Make Maine Your Home Blog
by admin
5d ago
Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move. Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below): Why Are Sellers Feeling so Optimistic? One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says: “Late spring and early summer are generally considered the ..read more
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Most asked questions about MAINE | Information About Maine
Make Maine Your Home Blog
by Leah Polans
1w ago
Exploring Maine: Answering Your Most Asked Questions Maine, often referred to as the Pine Tree State, is a place of natural beauty, rich history, and unique culture. As a realtor specializing in Maine properties and someone deeply passionate about this state, I often receive inquiries about various aspects of life in Maine. Today, I’m excited to delve into some of the most frequently asked questions about Maine and provide you with detailed answers to satisfy your curiosity. Where is Maine Located? Maine is located in the northeastern region of the United States, bordered by New Hampshire to t ..read more
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Is a Multi-Generational Home Right for You?
Make Maine Your Home Blog
by admin
1w ago
Ever thought about living in the same house with your grandparents, parents, or other loved ones? You’re not alone. A lot of people are choosing to buy multi-generational homes where everyone can live together. Let’s check out why they think it’s a good idea to see if it might be a good fit for you, too. Why People Are Choosing Multi-Generational Living According to the National Association of Realtors (NAR), here are just a few key reasons buyers opted for multi-generational homes over the past year (see graph below):   Two of the top reasons had to do with aging parents. 27% of buyers ..read more
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Foreclosure Numbers Are Nothing Like the 2008 Crash
Make Maine Your Home Blog
by admin
1w ago
If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Here’s the latest information stacked against the historical data to put your mind at ease. The Headlines Make the Increase Sound Dramatic – But It’s Not The increase the media is calling attention to ..read more
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The Best Way To Keep Track of Mortgage Rate Trends
Make Maine Your Home Blog
by admin
1w ago
If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move. The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know. The Latest on Mortgage Rates Rates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rat ..read more
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What You Really Need To Know About Home Prices
Make Maine Your Home Blog
by admin
1w ago
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation poi ..read more
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Myths About the 2024 Housing Market [INFOGRAPHIC]
Make Maine Your Home Blog
by admin
2w ago
Some Highlights When it comes to the current housing market, there are some myths circling around right now. Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments.  Lean on a real estate professional to help separate fact from fiction in today’s housing market. The post Myths About the 2024 Housing Market [INFOGRAPHIC] appeared first on Make Maine Your Home ..read more
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