Bedbugs!?!?...Unstoppable Woman? - Day 4

What’s Ahead For Mortgage Rates This Week : August 30, 2010

Low Tide at Middle Bay: Harpswell Maine

Another misty and picturesque low tide looking out to Middle Bay in Harpswell Maine.

Harpswell is a small town of about 5000 residents in Southern Maine and is comprised of two peninsulas and several islands.  Originally a fishing and lobstering community, it is also the summer home of many vacationers.  With a mix of farms, camps, and seasonal as well as year round oceanfront homes, Harpswell still has a thriving working waterfront community.

Thinking About Moving to Greene Maine? Come Visit for Greene Village Day Sept 10

Have you been thinking about moving to Maine?  You may want to check out the Village of Greene, Maine located just north of Auburn.

To really get a feel for a Maine town, you need a chance to get out of your car, walk around, and meet the people.  Each vibrant community has a character all its own.

If you have been considering any of the beautiful towns surrounding Lewiston/Auburn, you have the perfect opportunity to get to know Greene Maine.  Greene has a population of just over 4000 residents and is located just 6 miles off the highway.

Friday, September 10, 2010 is the kick-off for Greene Village Day.

There will be a bonfire, music, dancing, great food, and more!  The festivities begin and 6pm, are free to all and will last into the night until 10:00pm.  Just head up Route 202 from Auburn and follow the signs to Greene Village (turn on to Main Street.)

Search homes for sale in Greene Maine.

Could You Move Please, I Am Trying To Watch The Movie, Hear The Conversation, Etc.

Real Estate Appraisals Out Of Whack, Way Way Too Low Happen Reminds Billy Joel.

You Know The Calls You Answer And Start To Communicate Back To Before Realizing, Hey, This Is A Recording?

Home Affordability Rankings For 225 Metropolitan Statistical Areas

With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.

According to the quarterly Home Opportunity Index as published by the National Association of Home Builders, more than 72 percent of all new and existing homes sold between April-June 2010 were affordable to families earning the national median income.

It’s a slightly higher reading as compared to last quarter, and the second highest reading in the survey’s history.

As with all aspects of real estate, however, home affordability varies by locale. 

For example, 97.2% of homes sold in Syracuse were affordable for families making the area’s median income, earning the New York city its first “Most Affordable Major City” designation.  Indianapolis was the first quarter winner.

On the opposite end of the spectrum, the “Least Affordable Major City” title went to the New York-White Plains, NY-Wayne, NJ area for the 9th consecutive quarter.  Just 19.9% of homes are affordable to families earning the local median income, down 1 percent from last quarter.

The rankings for all 225 metro areas are viewable on the NAHB website but regardless of where you live, buying a home is as affordable as it’s ever been in history. Furthermore, because home values are in recovery and mortgage rates may rise, the market is ripe for home buyers.

All things equal, buying a home may never be this inexpensive again. If you were planning to purchase later this year, you may want to move up your time frame.

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Shannon Odom
Mortgage Loan Officer
Northeast Bank
277 State Street Suite 3B
Bangor, ME 04401
P: 207-217-6750
C: 207-561-0944
F: 888-600-5335
smodom@northeastbank.com

Here (Tossing Box Of Property Room Images On Counter) You Figure Out How The Home Fits, Goes Together.