This $3.5M Maine estate comes with a tennis court, indoor pool and elevator
“They’ve enjoyed it for 30 years and, and now it’s time to move on,” the listing agent said. “The kids are grown and the sellers have ideas and things they want to do next.”
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US homebuilder sentiment edges up in March
But mortgage rates have reversed course, rising in recent weeks as the U.S.-Israeli war with Iran raised oil prices and stoked inflation fears.
We bought a house together, but it’s in only one name. What rights do I have?
When the legal ownership is in one person’s name, the situation can become complicated if the relationship takes a turn.
See how much gas prices have increased in Maine and across the nation
Maine has seen the average price of one gallon of regular grade gas climb by eight cents since Monday, according to AAA data.
Real estate Q&A: How do I get a relative who was staying with me to leave my home?
These situations are never easy to navigate, but with clear communication and a firm plan, you can resolve the matter and regain your space.
No one has used the free housing plans Bangor spent $182K designing
The city commissioned the plans for four homes of various sizes to encourage new housing construction.
US trade deficit narrows in January as exports jump to record high
Exports jumped 5.5% to an all-time high of $302.1 billion in January. The increase was the largest since October 2021.
Maine could boost funding for historic building owners to update properties
LD 435 has passed both the Senate and House and awaits funding from the Legislature’s appropriations committee.
US lawmakers advance bill to lower housing prices
The bill, which has drawn broad support from industry groups, would overhaul regulations to make it faster and cheaper to build new housing.
Maine’s home sales slumped in February
But signs are pointing to a more balanced market for spring buyers with prices falling and the 30-year fixed mortgage hitting a 42-month low.
Former sporting camp on northern Maine island is for sale for $2.4M
The 9.6-acre Zella Island sits in the northern part of Fish River Lake in the North Maine Woods and is dotted with modernized cabins.
US existing home sales unexpectedly increase in February
Last month’s sales likely reflected contracts that were signed in December and January, when mortgage rates began a sustained decline.
Thousands of Mainers are on the verge of losing their affordable apartments
More than 7,600 apartments in Maine are part of the USDA’s Section 515 Program, but they’re at risk as mortgages mature and owners sell.
Maine’s lobster catch dropped for the 4th straight year
Despite the falling catch and value, lobster remains the king of Maine’s fisheries, accounting for nearly 75% of their collective value.
5 homes in Penobscot County that sold last month
With an average sale price of roughly $232,000, the properties fall just under the median sale price for a home in Penobscot County.
There are fewer vacant houses in Maine, but it’s not helping homebuyers
The state’s declining vacancy rate hints at how Maine’s real estate market changed during the pandemic as demand grew but the number of available homes plummeted.
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