Three Home Inspection Tips for Aspiring Homeowners When homeowners were asked on Reddit what they wished they had known before buying their home, one of the most common responses revolved around the home [...]
How to Increase Your Home’s Value by 15% Have you ever wondered about the impact of landscaping on your home's value? It's a topic many homeowners are curious about, and for good reason. [...]
Is Your Dream Home in the Right Spot? When purchasing a home, there are countless decisions to make and factors to consider, such as price, layout, amenities, and condition. However, the most important [...]
Are You Ready for New Norms in Real Estate? The Lawsuit that May Upend How Homes Are Sold and Bought In the case of Burnett v. NAR, the National Association of Realtors (NAR) [...]
For many, the dream of owning a home stands as a beacon of stability and accomplishment. However, for first-time home buyers, navigating the labyrinth of financial considerations can seem daunting. What many may not realize is that there exists a treasure trove of public and private first time home buyer assistance programs designed to pave the way toward home ownership. Let's shed light on these programs and explore how they can provide a solid foundation for aspiring homeowners.
In 2023, buying a home was a bit like hunting for your keys in the dark, doable but challenging. Basically, the limited availability of homes in Maine resulted in an increase in prices. Per Maine Association of Realtors, 13,600 homes were sold last year in Maine compared to almost 16,900 homes in 2022. In turn the median home prices in Maine rose to $360K from $335K in 2022, an increase of about 7.5%.
In the vast world of predictions, from future home prices to seasonal weather forecasts, readers are bombarded with insights derived from data analytics. These predictions are simplified to be more digestible, but the simplicity often masks any underlying nuances and probabilities.
In the 1950’s, the United States Air Force (USAF) faced a challenge. They had faster, more powerful jet fighters on their hands, but the crash rate was on the rise. The solution they devised to counter this issue centered around enhancing safety through a cockpit redesign. Using a data-driven approach, the USAF collected measurements from over 4,000 pilots to create a profile of the "average" pilot across ten dimensions like height, arm length, and chest circumference. The idea was to use the profile to design a cockpit that would fit the majority of the pilots, basically a standardized “one size fits all” approach.
In a recent verdict, a federal jury in Kansas City, Missouri, found that the National Association of Realtors (NAR) and others conspired to inflate agent commissions. This unanimous ruling has significant implications for the real estate industry and how it affects everyday consumers.
Economic and population growth often go hand in hand. For instance, when the working-age population increases, it tends to boost economic activities, such as housing construction. Research has also shown that housing prices tend to rise with a growing population and fall when population declines, although at a faster pace.
