Rick's Maine Real Estate Blog

So how did we do?  Not bad, the number of sales was up 10,486 vs. 9502 in 2008, a 10 percent increase.   The median price of these homes fell to 164,000 vs. 180,000 in 2008, a drop of nearly 9 percent.  In Cumberland County, the increase in units was just over 9 percent and the median price dropp...

Good news has come out from the Federal Housing Administration.                                                                                                             The current 3.5% minimum down payment remains unchanged, as long as borrowers have FICO scores of 580 or above.  Under 580 an...

Planning on replacing your old refrigerator, washer, dehumidifier or air conditioner?            The Maine Utilities Commission, through its program efficiency MAINE, is currently offering their Appliance Rebate Program at selected retailers on selected Energy Star appliances.  The following reba...

Yes!  I've heard a lot of talk about condos being impossible to finance going forward as FHA will no longer be doing spot approvals after January 30th.  For the great majority of buyers without large down payments, FHA is your best friend.  Replacing spot approvals is an entirely new process call...