k: Kittery ME Real Estate Market-Year End 2008 Market Update - 01/25/09 08:59 AM
Although the real estate market was tough in 2008 as you will see below, 105 homes sold in the Kittery area.  People still have to move and homes still do sell regardless of the market.  With that said, here is A Little Perspective on the Real Estate Market:
•  More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
•  There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
•  There are 52 million homes with mortgages … (1 comments)

k: Kittery ME Real Estate - October 2008 Market Update - 11/22/08 08:43 PM
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward.  Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse.  In the near term, we expect home sales to remain fairly stable."  As real estate markets are local, here's what happened in the Kittery/Eliot area market in October: 
 
**10 homes sold in October 
**Year-to-date, 105 homes have sold in … (0 comments)

k: Kittery/Eliot ME Real Estate - September 2008 Market Update - 10/20/08 08:27 PM
As you may guess, I receive many requests from friends and associates for referrals to professional trades and services - everything from painters to attorneys.  Because I've received these requests, and because I operate my own business by referral, I have compiled a Business Referral Directory that lists the finest individuals and companies serving our community.  You can check out this new directory anytime on my website, www.SeacoastHomesForYou.com.  I hope you enjoy this directory and if you or someone you know would like to be a part of it, please give me a call or drop me an email.
Now let's … (0 comments)

k: Kittery/Eliot ME Real Estate - August 2008 Market Update - 09/17/08 01:42 PM
Check this out...Save $1000 on Your Next Home Purchase!
With rates dipping recently, housing prices low plus a $1,000 credit at closing, I can't think of a better reason to start looking for a new home or investment property.  If you have interest, let me know.  Or, if you know of someone who could use our services and a $1,000 credit, please let me know or pass this along.  Carol and I love referrals!!   
Now let's take look at what is going on in the market locally...
**17 homes sold in August 
**Year-to-date, 95 homes have sold in the Kittery/Eliot … (0 comments)

k: Kittery/Eliot ME Real Estate - July 2008 Market Update - 08/17/08 10:21 PM
Although, the housing market has slowed, Housing Predictor, an independent real estate market forecaster says that the next 12 months will be the best time to invest in the U.S. housing market.  I know what you're thinking...just another real estate agent telling me to get into the market.  BUT, veteran real estate investors know that when it looks bad, that is the time to pull the trigger and buy real estate to have the highest probability of making top profits. 
With this said I'm hoping you can do me a favor...if you hear of someone who might like to take advantage … (0 comments)

k: Kittery/Eliot ME Real Estate - June 2008 Market Update - 07/15/08 11:42 AM
Summer is here!  And, this is always a busy time for real estate because who really wants to move when snow is falling right?!  Let's see how the Kittery/Eliot real estate market has fared over the last month:
**10 homes sold in June 
**Year-to-date, 63 homes have sold in the Kittery/Eliot area
**19 homes are currently "pending sale"
I have also listed a couple of properties you might be interested in this month.  Just click on the links below for more information.
**22 Muirfield Drive in Stratham, NH--a stunning 4 bedroom, 2.5 bath colonial priced at $649,900.
**287 Austin Street in … (0 comments)

k: Kittery/Eliot ME Real Estate - May 2008 Market Update - 06/15/08 11:00 AM
An important thing to keep in mind when it comes to real estate is that each and every town is different.  Depending on where you are in the country, one town can be thriving and the next town over can be in a slump.  This can also be true for large cities-certain sections of a city can be desirable...others not so much.  Please keep this in mind when you listen to the news.  Reporters are often giving you statewide or national market data and your home town is not the "national market".  With that said, let's see what's been going on … (0 comments)

k: Eliot/Kittery, ME Real Estate - March 2008 Market Update - 04/15/08 05:44 PM
You might not believe it, BUT, the National Association of Realtors stated recently that sales of existing homes rose to a 5.03 million annual rate in February which is an unexpected 2.9% increase.  Why?  The answer is that sales are being spurred by lower prices.  Falling prices improve affordability and encourage people to make purchases. 
In addition to existing home sales, new construction homes for sale at the end of February dropped to 471,000 units (in the US), the fewest since July 2005. 
Rising sales and lower prices have also stimulated the mortgage market.  This is due in part to recent … (0 comments)

 

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