U.S. home prices increased for the 3rd consecutive month. rising in May from April in every city tracked by a leading index. It’s a sign that increasing sales and tight inventories are supporting a modest housing recovery.
The supply of homes for sale remains low helping to stabilize prices. At the current sales pace, it would take six and a half months to exhaust the supply of previously-occupied homes which is only slightly above the six month rate economists consider healthy.
Experts suggest that the market may at long last have hit bottom. Today’s average 30-year rate is even lower than the average 20- or 25-year rate was in the 1950s. With prices stabilizing and long-term mortgage rates the lowest in history this could be the moment buyers have been waiting for. So finding the perfect home or seasonal get away has never been easier than it is now here in Maine’s beautiful oceanfront and coastal communities, including Camden, Rockland, Rockport, Lincolnville, Northport, Isleboro, and surrounding islands and towns.
Nestled along Maine’s coastline, the Mid Coast region presents a picture-perfect lifestyle for both seasonal and year-round residents. Mountain vistas give way to sweeping ocean views that provide a back-drop for a vibrant community rich in culture, heritage and maritime tradition.
Widely known for the fleet of Windjammers anchored in local harbors, Mid Coast Maine is also a creative arts Mecca offering a host of galleries, boutiques, celebrated restaurants and inns.
For more information visit our site Better Homes and Gardens® Real Estate Town &