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As the spring home-buying season approaches, there are signs that buying and selling activity in the market may not fully bloom.
A combination of still-high mortgage rates and home prices amid historically low housing stock continues to put homeownership out of reach for many—most notably first-time buyers.
Many may have to surrender to the reality of elevated home prices and mortgage rates if they want to buy a home in the foreseeable future.
Housing Market Forecast for 2024
Essentially,…
KITTERY, Maine — The Warren’s Lobster House waterfront restaurant property has been listed for sale at $4.9 million by its longtime owners, as a prior deal for a local developer to purchase, demolish and redevelop the site has fallen through.
Green & Company Real Estate and the Cunningham family have mutually agreed to terminate a purchase and sale agreement regarding the Water Street property, according to both parties. The restaurant is currently working to reopen in a limited capacity, although questions remain for what the future holds for Warren’s.
The decision was made in late February, according to Warren’s co-owner…
By Michael J. Flack
The residential real-estate market is poised for radical fee competition. Maybe. Eventually.
This article is reprinted by permission from NextAvenue.org.
When I used to work and was quite busy, I would read The Wall Street Journal every day and listen to NPR on my daily commute. I used to think I was fairly well-informed. Now that I’m retired and my time is virtually unlimited, I can’t be bothered to keep up on the news.
Therefore I was completely surprised when I read in Fortune that on Oct. 31, 2023, the National Association of Realtors (NAR) lost…