Maine Real Estate Agents – In Memory Of…

Maine Association of REALTORS is sad to report that
Bud Mullins (retired/former owner of Century 21 Queen City, Bangor) passed away on December 20. His obituary: Bangor News.

REALTOR Jim Hilton (Prudential Northeast Properties, Newport) passed away on December 29. His obituary: Bangor News.

Our thoughts are with their families, friends and colleagues.

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SALES UP 39 PERCENT for MAINE REAL ESTATE

SOUTH PORTLAND (November 23, 2009) — For a fifth consecutive month, sales of singlefamily
existing homes increased dramatically in the state of Maine. Realtors sold 1,247 homes
across Maine’s 16 counties – a jump of 39.02 percent since last October. According to the
Maine Real Estate Information System, the median sales price dipped 3.51 percent in the past
12 months to $165,000. The median sales price indicates that half of the homes sold for more
and half sold for less.
The National Association of Realtors today reports a nationwide home sales increase of 21.4
percent since October 2008. The national median existing sales price of $173,100 reflects a
dip of 6.8 percent. In the regional Northeast, sales rose 27.7 percent. The regional median
sales price declined 2.6 percent to $235,400.
REALTOR Sharon Millett of Coldwell Banker Millett Realty in Auburn says, “It’s very
encouraging to see strong continued growth in sales for the past five months in Maine. Buyers
are responding positively to the first time homebuyer tax credit of $8,000 and now that it has
just been expanded to $6,500 for all buyers, we expect this trend to continue and grow.”
With the current uptick in activity, Millett says, “Buyers really want to find a home now,
which makes it the perfect time for sellers to list their property for sale.”

MAINE REAL ESTATE SALES UP 39 PERCENTSOUTH PORTLAND (November 23, 2009) — For a fifth consecutive month, sales of singlefamilyexisting homes increased dramatically in the state of Maine. Realtors sold 1,247 homesacross Maine’s 16 counties – a jump of 39.02 percent since last October. According to theMaine Real Estate Information System, the median sales price dipped 3.51 percent in the past12 months to $165,000. The median sales price indicates that half of the homes sold for moreand half sold for less.The National Association of Realtors today reports a nationwide home sales increase of 21.4percent since October 2008. The national median existing sales price of $173,100 reflects adip of 6.8 percent. In the regional Northeast, sales rose 27.7 percent. The regional mediansales price declined 2.6 percent to $235,400.REALTOR Sharon Millett of Coldwell Banker Millett Realty in Auburn says, “It’s veryencouraging to see strong continued growth in sales for the past five months in Maine. Buyersare responding positively to the first time homebuyer tax credit of $8,000 and now that it hasjust been expanded to $6,500 for all buyers, we expect this trend to continue and grow.”With the current uptick in activity, Millett says, “Buyers really want to find a home now,which makes it the perfect time for sellers to list their property for sale.”

Maine Housing Changes “Gift of Green” Program for December 2009

Beginning December 1, 2009, the revised Gift of Green promotion will provide all MaineHousing borrowers with $2,500 – to help with down payment, closing costs, and prepaid escrow expenses, after the borrower contributes 1% of the mortgage loan amount to the transaction. Eligible home buyers need to act quickly to take advantage of the current Gift of Green offer before it changes. Loans registered on or before November 30, 2009 will receive a grant of 4% of the first mortgage loan amount, up to a max of $5,000. Loans reserved on or after December 1, 2009 receive a grant of $2,500.

Info: http://www.mainehousing.org/NEWSPressReleases.aspx?PageCMD=newsDetail&NewsID=461

Information provided by: Maine Association of REALTORS

Maine Real Estate – HOME BUYING CLASS OFFERS EDUCATION & HOME TOUR

FOR IMMEDIATE RELEASE:

Home Buyer University

Home Buyer University

Contact

Contact Person                          Julia Hixon

Company Name                         Meservier & Associates, Keller Williams Realty Mid Maine

Telephone Number                     207-784-2525

Fax Number                              207-689-9801

Email Address                           Julia@meservier.com

Web site address                       http://www.meservier.com

 

 

Auburn, Maine, June 22, 2009 — Meservier & Associates of Keller Williams Realty Mid Maine is launching Home Buyer University (HBU), and offering its first free HBU workshop for home buyers to learn the ins and outs of buying real estate on Saturday, July 25 from 10:00 am to 2:00 pm. at their offices located at 34 Center Street in Auburn.

HBU is designed to educate today’s buyers on relevant issues in the home-buying process. Topics include understanding today’s buying process, information on the $8,000 tax credit available to first-time home buyers, mortgage options, the value of inspections before you buy, and understanding the legal aspects of home buying. Licensed, experienced professionals in the respective fields will present the topics and a free lunch will be provided. Following classroom time, attendees will be given the opportunity to participate in a tour of local homes to apply what they’ve learned. Anyone interested in purchasing real estate including first time home buyers and renters who want to explore what the home ownership process entails will benefit from this event.  Seating is limited. For more information, to request a flyer, or to register, please call Meservier & Associates, Keller Williams Realty Mid Maine, at 784-2525.

HBU is an initiative to educate today’s consumers in purchasing real estate by providing accurate information and practical application of that information through viewing local properties for sale. Meservier & Associates is a local established real estate team lead by Sue Meservier, a top producing agent and licensed team with a combined total of over 40 years of real estate experience.

For more information, please contact Meservier & Associates, Keller Williams Realty Mid Maine, 34 Center Street, Auburn, Maine, 784-2525.

Maine Real Estate – 1st Time Home Buyer Tax Credit 2009

LINDA GIFFORD ON “207”: Here’s the 5-minute video of Linda Gifford on last night’s “207” television program, explaining the $8,000 First Time Home Buyer Tax Credit – http://www.wcsh6.com/video/default.aspx?aid=47674

Attention Maine Residents!

Over 200,000 Maine households qualify for the “Circuit Breaker” program which offers relief by way of a tax refund or rent refund on their primary residence.

The average rebate across Maine for the last application period was $515.00 and some are eligible for up to $2000.00.

According to the Maine Revenue Service, you may qualify for a refund if:
You do not have a spouse or dependent(s) and your 2007 household income was $60,000 or less; or
You do have a spouse or dependent(s) and your 2007 household income was $80,000 or less;

AND

Your 2007 property tax was more than 4% of your 2007 household income; or
The rent you paid in 2007 was more than 20% of your 2007 household income.

 NOTE: Seniors do not need to meet this requirement when their household income is below $13,600 for those living alone or below $16,800 for those living with a spouse or dependent. See the application booklet for more information on who qualifies for the senior portion of the program.

For more information on the Maine “Circuit Breaker” Program for residents, please visit our website at http://www.mainemls.info/contact/contact.htm and write “Maine Circuit Breaker Program” in the comments section to request a 16 page application/instructions for refunds. Applications must be received by June 1, 2009

Maine Private Sector Personal Income From 1970 to 2006

Here’s a look at how the percent of personal income generated from the private sector has changed in each of Maine’s counties between 1970 and 2006, the latest data available. The counties are ranked by the highest share of personal income in 2006.

 

Private sector share of personal income by county, 1970 to 2006

County 1970 1990 2006
Lincoln 81.3% 80.8% 74.0%
Cumberland 76.4% 76.0% 73.5%
Hancock 76.2% 76.7% 71.8%
Knox 75.6% 75.7% 71.7%
Sagadahoc 72.9% 79.5% 71.5%
Waldo 78.6% 75.0% 70.4%
Androscoggin 81.0% 76.4% 69.3%
York 61.6% 67.7% 68.4%
Oxford 78.3% 71.8% 62.9%
Somerset 76.2% 72.2% 62.5%
Franklin 79.0% 72.8% 62.2%
Penobscot 72.6% 67.8% 61.6%
Piscataquis 74.1% 69.3% 59.0%
Aroostook 61.9% 58.1% 53.3%
Kennebec 66.7% 61.3% 52.6%
Washington 67.8% 61.6% 51.0%

Source: Maine Heritage Policy Center, U.S. Department of Commerce’s Bureau of Economic Analysis