Maine Real Estate Info

“AT HOME IN MAINE”:  Today’s Kennebec Journal reports the Maine State Museum is creating a permanent exhibit “At Home in Maine” depicting the decorative arts in a series of rooms set up to represent different decades from the 1880s to 1966.  The print article (but not online) includes a request for items needed to complete the exhibit:  early 1900s bathroom sink (white, wall-mounted, chrome legs); bathtub dated 1900-1910 (faucets at end, date on underside of tub); small bureau 1950-1960 (42-48 inches tall, light finish); metal painted TV tray; Thanksgiving decorations used before 1966; 40th-50th wedding anniversary gifts; and 1960 or earlier holiday decorations.  Contact museum staff at 287-2301 if you can help.  To read more about the exhibit:  http://kennebecjournal.mainetoday.com/news/local/4775341.html

Real Estate at the Crossroads: Choosing to Thrive

Recapping the shift in the real estate market at Family Reunion, Gary Keller urged attendees to seize the current market to their advantage.  Keller explained that the 10-year run-up in real estate that began in the early 1990s, led to an environment in which homes were no longer affordable, lenders were willing to take unreasonable risks and inventory rose to record levels.

This chain of events led to mortgage lenders pulling back, followed by a credit squeeze, increased inventory, dropping prices, rising defaults, slipping consumer confidence and reluctant buyers.