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
ZIP Code: 04240 Location Characteristics: Located on the banks of the Androscoggin River, Lewiston and neighboring Auburn from the business and cultural Center of Androscoggin County. With numerous world-class health care providers, manfactures, printers, and telecommunications companies, Lewiston is enjoying an econmic renaissance. Lewiston is the home of world-renowned Bates College and provides a choise of five other colleges in the vicinity. With it's own theaters,several nearby golf courses,and the largest bird sanctuary in New England, Lewiston has much to offer for rest and relaxation. As for culture, Lewiston was named one of America's 100 best small arts communities, with live theatre, concerts, and art exhibits. Lewiston's vitality and cultural richness are reasons the area was selected as the national headquarters of the Forum Francophone des Affaires, an international trade group of French-speaking nations. Square Miles..........34.8 Population.............35,690
