Maine

The number of homes sold in Maine last month fell compared with the previous October, but prices continued to rise due to an ongoing tightening of inventory.

Sales in February rose 22.8 percent from the same month in 2020. A total of 1,062 homes changed hands last month compared with 865 the previous February, according to a Maine Listings report released Monday.

Maine's red-hot residential real estate market shows no signs of cooling, thanks in part to increased interest from out-of-state buyers.

Real estate agents say they are seeing more out-of-state homebuyers looking to move to Maine, but so far in 2020, there's been no surge of people from away actually buying homes in the state.

Sales of single-family existing homes in Maine fell by a staggering 21.3% in May from a year earlier, nearly matching the most recent comparable one-year decline of 21.4% following the Great Recession, in June 2011.

High demand and low interest rates continued to drive strong sales of existing single-family homes in Maine in February, according to Maine Listings.

High demand drove sales of existing single-family homes in Maine to a 20-year high in January, up nearly 27% compared with January 2019, according to figures released by Maine Listings.

Southern Maine's superheated real estate market is presenting challenges to first-time homebuyers and expanding businesses, but shows no signs of cooling off.

Single-family homes in Maine sold for more this November than last year, reflecting a national trend for higher home prices.

The number of October home sales in Maine remained nearly flat compared with last year, but prices continued to climb.

Consumer confidence provided a solid boost to Maine's housing market in September with record sales for the month, according to the Maine Association of Realtors.

Maine homes have sold at a near-record pace this year through the month of August.

Sales of existing single-family homes in Maine remained relatively flat in July compared with a year earlier, while the median sale price increased by about 2%.

After trusting a local developer, some living at The Legends subdivision in Old Orchard Beach, Maine, watched in horror as the homes they occupied for years — but hadn't yet closed on — were sold at auction. And that was just the latest shocking twist.

A Florida-based loan servicing company has agreed to pay $84,000 to cover attorneys fees, penalties and costs associated with improper foreclosures it initiated in Maine, the state said.

A developer behind projects in the Maine cities of Portland and Saco was sued by a business partner as properties there are scheduled to be sold at foreclosure auctions.

Sales of existing single-family homes in Maine eased slightly, although prices remained strong, rising 2.85% comparing February 2019 to February 2018.

Single-family home sales in Maine dropped almost 13% in January, compared with a year ago, although prices held steady, according to Maine Listings.

Even with a vibrant residential real estate market in Maine's major cities, homeowners in the state tend to stay put longer than those in the 50 largest American cities.

Future reductions in loan application defect risk are likely because of mortgage lenders' fintech investments, even as the purchase origination share grows, said First American Financial.