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Maine Real Estate News - Maine and Cumberland County Homes for Sale archives for November, 2007.

First Time HomeBuyers Need To Check Credit Score First

This is a great Real Estate Market for First Time Home Buyers. One of the first things you need to do as a first time buyer, is to find out your credit score.
Anyone who has ever had a bank account, mortgage, credit card, car loan, or account with a retail store will have a credit […]

Downsizing - Is There a Benefit In Todays Market?

For millions of people approaching retirement, a big part of their fortune is tied up in something they might never want to sell: their homes. Even with the recent drop in dwelling prices, the real worth of a single family house in the US has more than doubled in 10 years.
Those who bought mid-priced houses in […]

Tis The Season To Sell Your Real Estate

Some people shy away from Selling their home during the holidays.  Please note, Real Estate doesn’t come to a complete stop for two months every year.
In fact, many people feel buying a home this time of year is advantageous, as there are some financial advantages that disappear after the first of the year.
Home Sellers are in a better position, there is […]

NAR Releases the 2007 Market-by-Market Home Price Analysis Reports

The National Association of Realtors has released a comprehensive, market by market report I want to share with you containing the following information:

The health of the local job market
Foreclosure rates
Housing inventory
Debt-to-income ratios
Mortgage-servicing-costs-to-income ratiosThese reports reflect data available through October 2007. 

Home prices in the Greater Portland Metro Region encountered a boom in 2002 to early 2005, […]