Spring Market has broken in greater Portland!

In the past 2 weeks we have been  negotiating a number of contracts for buyers in fairly competitive situations. Not only has the spring market broken but it appears to be quite competitive, some of the situations involved near misses on multiple offers!

Easier guidelines for government loans recently passed by congress seem to be helping the lower price point of our marketplace. Some buyers who have never been able to buy a home are now eligible.

This will ultimately fuel the mid-priced market where sellers of entry level properties will trade-up to the mid-price-point.