Posts Categorized: News

Tight Inventory Creates Opportunity for Home Sellers

Sales of previously owned homes tumbled in February as the housing market remained choked by tight inventory. Existing-home sales were at a 5.48 million seasonally adjusted annual rate last month, the National Association of Realtors said Wednesday. That was down 3.7% compared with January’s sales pace, which was the strongest in a decade. The median… Read more »

Debi Fox Joins Newcastle Realty

Company owner Dennis Hilton and Designated Broker Lorrie Zeiner are pleased to announce that Debi Fox has joined Newcastle Realty, the Damariscotta areas’ leading real estate company. “We are very excited to have Debi join our team of professional agents,” commented Hilton. “She is an experienced broker and well known in the local communities. We… Read more »

If You Worry About Another Housing Bubble, Consider These Four Things

It’s 2016, and home prices are rising near the levels of the housing market just before the crash. Many are asking—and wondering — if we are in some kind of housing bubble. But are we? Here are a few things to consider if you’re worried about another housing bubble. 1. The overall economy Unemployment is low,… Read more »

Interest Rates Remain Low, But For How Long?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year… Read more »