Maine Mortgage Rates
Maine, cited as one of the most livable places in the U.S., has become a very hot real estate market. After all, how many states offer residents the opportunity to enjoy a day at the mountains and near the ocean on the same day? Maine has been immune from the volatility that other markets underwent nationally. Furthermore, its long-term forecast is bright. It is particularly a strong market for buyers targeting multi-units in the city. Bangor ranks as one of the top ten cities in the country to live. With an influx of new businesses moving into the area, the city is readying itself to become Maine's second largest city. Significant sales activity is being reported in Southern Maine, such as in Kennebunkport. Other stable and healthy markets include Augusta, Bar Harbor and Portland. Bar Harbor is enticing second home buyers. A stronger economy and an increase in the number of businesses and retirees moving into the area have propelled growth in Portland's housing sector. Affordable residential and commercial property thrives in Portland and throughout Maine, in such cities and towns as Cumberland, Falmouth, Gorham and Yarmouth. Breathtaking scenery in the town of Caribou has earned it a spot on the list of emerging second-home markets.