Maine home sales increased again in March and prices neared historic highs [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
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Source: Yahoo! Finance
March saw the early arrival of the busy spring real estate market with more homes hitting the market and continued strong buyer demand, but professionals worry that as the season heats up, prices could become untenable. Just 888 houses changed hands last month, a 3.5% increase from the 858 sold in March 2023, according to data released Thursday by the Maine Association of Realtors. Despite another month of increased sales, prices continued their steady rise, closing out last month at a median of $380,000, a 12.6% increase from the $337,500 median in March 2023. Paul McKee, president of the Maine Association of Realtors, celebrated the second month of sales increases after a 31-month run of decreasing sales, but he's not ready to call it a trend yet. "I want to wait 30 more days before I say that," he said. An early spring and summer market is good news for sellers — McKee said appropriately priced homes are selling fast and often receive multiple offers — but it's a bad sig
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FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/30/24 - Form ABS-15G
- FMCC's page on the SEC website