Patience. A lot of would-be buyers have had it in spades as they shop for a home. One reason: Mortgage rates are near historic lows and there’s little reason to think they’re going up. But that may be changing.
You can now work with a local Redfin agent to buy and sell homes in the southern part of the state, including Portland, Cape Elizabeth, Kennebunk, Biddeford, Augusta and the lakes region area. You can also use the Redfin online and mobile tools to search for any home on the market.
While low-paying jobs in hospitality and retail are easy to dismiss in terms of their significance to the housing market, they do in fact play a role.
We all paid a price when the housing market came crashing down — $187.5 billion to bail out Fannie and Freddie alone. They’ve paid us back, with interest, but they haven’t been fixed.
Oahu native Mike DeMello has opened a Redfin office on the island, which means people can now find real estate in Hawaii on Redfin.com and work with Redfin agents to buy or sell a home.
At the end of January, Oakland had only six weeks of inventory remaining. That’s leading to bidding wars.
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