The 2012 outlook is improving modestly from a very disappointing 2011. In fact…"The L/A area has turned a new housing corner, according to a national trade group. The Feb update of the National Association of Builder's First American Improving Markets Index added the Twin cities metro area for the first time. It's criteria: six consecutive months' worth of improving housing permits, housing prices and employment figures. L-A is the only metro area in Maine on the list of 98 metro areas around the country. L-A hit a low in permits in June 2011 and has grown 16% since, a low in prices in Jan 2011 and has grown 1.4% since and a low of employment in June 2011 and has grown 3.8% since. Material prices have held steady and mortgage rates are around 4%. What a great positive thing for L/A to be seeing increased interest. Right now is a great time to buy, if you can afford it." ( Taken from an article in the SunJournal by Kathryn Skelton,2-16-12 ) Also, there's a rumor that the housing crisis may come to a halt at the end of 2012 as the banks loosen their credit standards and start giving buyers loans to buy homes. The loan to value ratios are also loosening. That's a great sign to see banks and buyers working together to fuel the economy. Look at the inventory of affordable homes we have and give us a call. I am sure we can find just the right one for you Let's keep this trend going.
Should you have any questions on these statistics and you want more information on the Androscoggin county market please call me at 207-795-9652
Location Characteristics: Together with Lewiston, Auburn is part of the second-largest metropolitan center in Maine. With a commercial base that has grown exponentially and an ambitious downtown revitalization plan, Auburn has redefined itself as an economic hub. Assets, such as an airport, rail service, and turnpike access, have attracted entertainment, with golf courses, a ski area, restaurants, and its annual Great Falls Balloon Festival. Auburn also takes pride in its Androscoggin Valley Community Orchestra, live theatre, and the Androscoggin Historical Society, which houses an array of Native American and Civil War documents and artifacts. Square Miles..........66.8 Population..............23,203
