New Home Sales Up 6.1 Percent Over August 2010

On September 27, 2011, in Mortgage News, Mortgage Rates, Real Estate, by Brendan Fontaine

Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year. The median sales price of new homes sold in August was $209,100; [...]

Building Permits On The Rise In August

On September 21, 2011, in Mortgage News, Real Estate, by Brendan Fontaine

Building Permits On The Rise In August Permits to build privately-owned housing units in August rose 3.2 percent above July’s estimates and 7.8 percent above last year, according to new residential construction statistics from the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family building permits rose 2.5 percent above the month [...]

Portland Maine Housing Market

On May 18, 2011, in Real Estate, by Seth Jacobs

The overall Portland housing market continues to see recovery and stabilization helped along by many active buyers, more realistic sellers and continued low interest rates. An average single family home in Portland Maine can be found for just north or south of 200K and 250K to 300K will buy you a wonderful 3-4 bed, 2 [...]