SOUTH PORTLAND — Maine real estate market continues to show signs of improving. According to Maine Real Estate Information System (MREIS), a total of 945 homes were sold in October, an increase of 6.78% since October 2010. The National Association of Realtors (NAR) reported a nationwide sales increase of 13.8% over the past 12 months. […]
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Posted inBusiness, sj-web
Home sales up in Maine, median sales price falls
SOUTH PORTLAND, Maine (AP) — A real estate group says sales of single-family homes in Maine rose nearly 8 percent in September, while the median sales price fell by 6 percent. The Maine Association of Realtors says real estate agents last month sold 967 homes, up from 899 in September 2010. The median sales price […]
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30-year mortgage rate below 4 percent for first time ever
WASHINGTON (AP) — The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent. For those who can qualify, it’s an extraordinary opportunity to buy or refinance. And mortgage rates could fall even further now that the Federal Reserve plans to reshuffle its portfolio […]
Posted inBusiness, Encore, Maine, sj-web
Kirstie Alley lists Maine home for sale for $2.35M
Reality and sitcom TV star Kirstie Alley has listed her Islesboro, Maine estate for sale for $2.35 million, according to Realtor.com. The home, painted in pastel colors, is a clapboard-style house built in 1993. The property is 16 acres, with 5 bedrooms and 4.5 baths on the Maine island in Penobscot Bay. According to Realtor.com, […]
Posted inMaine, sj-web
Maine prison property sale voided
AUGUSTA, Maine (AP) — The state’s sale of property near the former prison in Thomaston to the current prison warden has prompted Attorney General William Schneider to declare the transaction void, saying it violates Maine law. Gov. Paul LePage also issued an executive order Monday telling the Department of Administrative and Financial Services to create […]
Posted inBusiness, Maine, sj-web
Two key Maine properties up for sale in Portland
PORTLAND, Maine (AP) — Two key pieces of Maine real estate in the Old Port section of Portland are due to be sold at foreclosure auctions. The property is just a block from the Portland waterfront. The holder of the mortgages has scheduled the auction for 10 a.m. June 30. Old Port Retail Holdings bought […]
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Real estate report: Home sales decline in Maine in February
PORTLAND, Maine (AP) — A report by a New England regional real estate firm says Maine’s housing market took a dip coming out of the winter season, with home sales declining 10.7 percent in February. Re/Max New England says that home sales were down 5.2 percent between February 2010 and last month. But it says […]
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Existing home sales rise in Maine in January
PORTLAND, Maine (AP) — Existing home sales rose 11 percent in Maine in January compared to a year ago, while the median sales price remained flat. The Maine Association of Realtors says real estate agents sold 536 single-family homes during the month, up from 484 in January 2010. The median sales price for those homes […]
Posted inBusiness, Nation / World, sj-web
Era of super-low mortgage rates appears to be over
NEW YORK (AP) — The days of the absurdly low mortgage rate are over. The average rate for a 30-year home loan rose above 5 percent this week for the first time since last April — just as Americans are feeling more secure in their jobs and confident about the economy, and just before the […]
Posted inMaine, sj-web
Resolve seeks to boost Maine syrup industry
AUGUSTA, Maine (AP) — Maine’s Kennebec Journal says the sale of its newspaper building in Augusta to a counseling agency has fallen through. The newspaper and Crisis & Counseling had signed a purchase-and-sale agreement last November and expected to complete the deal by the end of January. The newspaper reported Thursday that the mental-health and […]