Friday, July 31, 2009
Thursday, July 30, 2009
In which Council District are you located? Click here to see the map. Want to get in touch with Councilors to thank them, invite them to your business, or provide input? Find out here how to get in touch with them.
Wondering when that Planning Board or City Council meeting is? What’s on an agenda? Check out the City’s calendar.
Ask The City
The City Manager has launched an online service called eContact. It allows citizens quick and easy access to information and specific information requests. Check it out Here.
Want to get involved in Portland? The City maintains a website that allows you and your co-workers to peruse volunteer opportunities.
Wednesday, July 29, 2009
11 Old Thorn Rd, Baldwin ~ 117900 ~ Res.net
350 North Bridgton Rd, Bridgton ~ 59900 ~ 939889
1029 S High St, Bridgton ~ 75000 ~ Res.net
7 Fowler, Bridgton ~ 112500 ~ Fannie Mae
444 Kansas Rd, Bridgton ~ Auction ~ MPN - Portland Press Herald
10 Holden Hills Rd, Bridgton ~ TBD ~ PAS
92 Fosterville Rd, Bridgton ~ TBD ~ PAS
608 Gurnet Rd, Brunswick ~ 129900 ~ Res.net
38 Merrymeeting Rd, Brunswick ~ 144900 ~ Res.net
49 Macmillian Drive, Brunswick ~ 239900 ~ ReoTrans
72 Water St, Brunswick ~ Auction ~ MPN - Portland Press Herald
16 Weymouth St, Brunswick ~ Auction ~ MPN - Portland Press Herald
17 Range Rd, Brunswick ~ Auction ~ MPN - Portland Press Herald
1002 River Rd, Brunswick ~ Auction ~ MPN - Portland Press Herald
190 River Rd, Brunswick ~ Auction ~ MPN - Portland Press Herald
15 Southwell Rd, Cape Elizabeth ~ 182000 ~ Fannie Mae
2 Orchard Rd., Cape Elizabeth ~ Auction ~ FinaAtty
10 Bear Pine Dr, Casco ~ 75000 ~ Fannie Mae
1633 Pine Dr, Casco ~ Auction ~ MPN - Portland Press Herald
1318 Deer Run, Casco ~ Auction ~ MPN - Portland Press Herald
358 Greely Rd., Cumberland ~ Auction ~ FinaAtty
138 Gray Rd, Cumberland ~ Auction ~ MPN - Portland Press Herald
10 Brookside Dr, Cumberland Center ~ 209500 ~ Fannie Mae
11 School St., East Baldwin ~ Auction ~ FinaAtty
105 Ledgewood Dr, Falmouth ~ Auction ~ MPN - Portland Press Herald
188 Main St., Freeport ~ 223725 ~ ReoExperts
17 Lombard St., Gorham ~ 112900 ~ ReoExperts
48 Morrill Ave, Gorham ~ 144500 ~ 936915
14 White Rock Dr, Gorham ~ 230000 ~ Res.net
22 Hay Field Drive, Gorham ~ Auction ~ MPN - Portland Press Herald
50 Underhill Dr, Gorham ~ Auction ~ MPN - Portland Press Herald
Ossipee Trail, Gorham ~ Auction ~ MPN - Portland Press Herald
88 Mayall Rd, Gray ~ 203000 ~ Ocwen
5 Hemlock Ln, Gray ~ 222500 ~ Fannie Mae
15 Pine Cove Rd., Gray ~ Auction ~ FinaAtty
10 Ames Dr, Gray ~ Auction ~ Lambert/Coffin/Haan
419 Ramsdell Rd, Gray ~ Auction ~ Lambert/Coffin/Haan
15 Pine Cove Rd, Gray ~ Auction ~ MPN - Portland Press Herald
109 Birchwood Rd, Gray ~ Auction ~ MPN - Portland Press Herald
419 Ramsdell Rd, Gray ~ Auction ~ Tranzon
8 Brittany Lane, Harpswell ~ 198900 ~ 936418
813 Brittany Lane, Harpswell ~ 198900 ~ Ocwen
611 Plains Rd, Harrison ~ 145900 ~ 928775
866 Maple Ridge Rd, Harrison ~ 227500 ~ Fannie Mae
73 Colonial Circle, Harrison ~ Auction ~ MPN - Portland Press Herald
1025 Naples Rd, Harrison ~ Auction ~ Tranzon
431 Edes Falls Rd, Harrison ~ 69900 ~ ReoSource
192 Farm Ave., Long Island ~ Auction ~ FinaAtty
14 Right Way, Naples ~ Auction ~ MPN - Portland Press Herald
151 Wiley Rd, Naples ~ Auction ~ MPN - Portland Press Herald
14 Wall St, New Gloucester ~ 214900 ~ 929442
47 Colebrook Rd., New Gloucester ~ Auction ~ FinaAtty
21 Cide Mill Rd., New Gloucester ~ Auction ~ Keenan
260 Sabbathday Rd, New Gloucester ~ Auction ~ Tranzon
463 Gray Rd, North Yarmouth ~ 235000 ~ Res.net
855 North Rd, North Yarmouth ~ Auction ~ MPN - Portland Press Herald
9 Oakley St, Portland ~ 65000 ~ Fannie Mae
197 Pine St unit 44, Portland ~ 139900 ~ Homesteps
20 Vermont Ave, Portland ~ 150000 ~ Fannie Mae
16 Arundel St, Portland ~ 155000 ~ 940928
1445 Forest Ave, Portland ~ 164588 ~ ReoTrans
432 Saint John St., Portland ~ 202900 ~ ReoExperts
34 Dow St, Portland ~ 240000 ~ Fannie Mae
167 Danforth St. Unit 1, Portland ~ Auction ~ FinaAtty
59 Bolton St., Portland ~ Auction ~ FinaAtty
165 Woodlawn Ave, Portland ~ Auction ~ MPN - Portland Press Herald
1286 Washington St, Portland ~ Auction ~ MPN - Portland Press Herald
205 Holm Ave, Portland ~ Auction ~ MPN - Portland Press Herald
41 Bates St, Portland ~ Auction ~ MPN - Portland Press Herald
1 Crescent St, Portland ~ Auction ~ MPN - Portland Press Herald
2 Back Cove Estates, Portland ~ Auction ~ MPN - Portland Press Herald
52-54 Federal St, Portland ~ Auction ~ MPN - Portland Press Herald
74 Euclid Ave, Portland ~ Auction ~ MPN - Portland Press Herald
110 Brackett Ave, Portland ~ Auction ~ MPN - Portland Press Herald
59 Bolton St, Portland ~ Auction ~ MPN - Portland Press Herald
34-36 Fox St, Portland ~ Auction ~ MPN - Portland Press Herald
290 Baxter Blvd unit 39a3, Portland ~ Auction ~ Tranzon
161 Brighton Ave, Portland ~ 185000 ~ PAS
11 Federic St, Portland ~ 220000 ~ PAS
24 Beaulieu Rd, Raymond ~ 168000 ~ Res.net
81 Tenny Hill Rd., Raymond ~ Auction ~ FinaAtty
15 Hearn Rd, Scarborough ~ 150000 ~ ReoTrans
67 Mitchell Hill Rd, Scarborough ~ 269900 ~ Fannie Mae
7 Ross Rd, Scarborough ~ Auction ~ MPN - Portland Press Herald
4 Dodge St, Scarborough ~ Auction ~ MPN - Portland Press Herald
282 Broadturn Rd, Scarborough ~ Auction ~ MPN - Portland Press Herald
330 Gorham Rd, Scarborough ~ Auction ~ MPN - Portland Press Herald
27 Peabody Pond Rd, Sebago ~ 59900 ~ 940050
84 Hawkes , Sebago ~ 139900 ~ 940670
1165 Sebago Rd, Sebago ~ 139900 ~ Homesteps
84 Hawkes Rd, Sebago ~ 139900 ~ PAS
883 Broadway, South Portland ~ 148500 ~ HUD
1302 Broadway, South Portland ~ 180000 ~ Fannie Mae
1286 Broadway, South Portland ~ 190000 ~ Fannie Mae
21 Valley St. 7, South Portland ~ Auction ~ FinaAtty
25 Augusta St., South Portland ~ Auction ~ FinaAtty
13 Ocean St, South Portland ~ Auction ~ MPN - Portland Press Herald
101 Dawson St, South Portland ~ Auction ~ MPN - Portland Press Herald
21 Valley Rd, South Portland ~ Auction ~ MPN - Portland Press Herald
25 Augusta St, South Portland ~ Auction ~ MPN - Portland Press Herald
598 Main St, South Portland ~ Auction ~ MPN - Portland Press Herald
129 Evans St, South Portland ~ Auction ~ MPN - Portland Press Herald
15 Chadbourne Rd, Standish ~ 99000 ~ Fannie Mae
199 River Rd, Standish ~ Auction ~ MPN - Portland Press Herald
65 Chicopee Rd, Standish ~ Auction ~ MPN - Portland Press Herald
20 Baldwin Rd, Steep Falls ~ 147900 ~ Homesteps
4 Heath Ln, Steep Falls ~ 170000 ~ Fannie Mae
145 Manchester Rd, Steep Falls ~ Auction ~ MPN - Portland Press Herald
210 Pigeon Brook Rd, West Baldwin ~ Auction ~ MPN - Portland Press Herald
18 Austin St, Westbrook ~ 134900 ~ 940815
72 High St, Westbrook ~ 172500 ~ Fannie Mae
28 Chestnut St, Westbrook ~ 177000 ~ Fannie Mae
95 Presidential Way, Westbrook ~ 350000 ~ Fannie Mae
20 Juniper Lane Apt 10, Westbrook ~ Auction ~ FinaAtty
7 Mast Rd, Westbrook ~ Auction ~ Lambert/Coffin/Haan
25 Lawrence St, Westbrook ~ Auction ~ MPN - Portland Press Herald
258 Forest St, Westbrook ~ Auction ~ MPN - Portland Press Herald
343 Falmouth Rd, Windham ~ 94900 ~ ReoTrans
32 Woldbrook Dr, Windham ~ 360000 ~ Fannie Mae
45 Mt Hunger Shore, Windham ~ Auction ~ MPN - Portland Press Herald
20 Whites Bridge Rd, Windham ~ Auction ~ MPN - Portland Press Herald
29 Lotts Dr, Windham ~ Auction ~ MPN - Portland Press Herald
12 Critter Dr, Windham ~ Auction ~ MPN - Portland Press Herald
2 Country Lane, Windham ~ Auction ~ MPN - Portland Press Herald
10 Tucker Dr, Windham ~ Auction ~ MPN - Portland Press Herald
24 Haven Rd, Windham ~ Auction ~ MPN - Portland Press Herald
855 North Rd., Yarmouth ~ Auction ~ FinaAtty
16 Greenleaf St, Yarmouth ~ Auction ~ MPN - Portland Press Herald
An Act To Reduce Lung Cancer Rates in Maine
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 14 MRSA §6030-D is enacted to read:
§ 6030-D. Radon testing
1. Testing. By 2012 and every 10 years thereafter, a landlord or other lessor of a residential building shall have the air of the residential building tested for the presence of radon. A test required to be performed under this section must be conducted by a person registered with the Department of Health and Human Services pursuant to Title 22, chapter 165.
2. Notification. A landlord or other lessor of a residential building shall provide written notice to a tenant or potential tenant regarding the presence of radon in the building, including the date and results of the most recent test conducted under subsection 1, and the risk associated with radon. The department shall prepare a standard disclosure statement form for landlords and other lessors of real property to use to disclose to a tenant or potential tenant information concerning radon. The form must include an acknowledgment that the tenant or potential tenant has received the disclosure statement required by this subsection. The department shall post and maintain the forms required by this subsection on its publicly accessible website in a format that is easily downloaded.
3. Mitigation. When the test of a residential building under subsection 1 reveals a level of radon of 4.0 picocuries per liter of air or above, the landlord or other lessor of that building shall, within 6 months, mitigate the level of radon in the residential building until it is reduced to a level below 4.0 picocuries per liter of air. If a landlord or other lessor of a residential building is required to obtain a permit under a local or municipal ordinance, mitigation must occur within 6 months after obtaining any necessary permit. Mitigation services must be provided by a person registered with the Department of Health and Human Services pursuant to Title 22, chapter 165. After mitigation has been performed pursuant to this subsection to reduce the level of radon, the landlord or other lessor of the residential building shall provide written notice to tenants that radon levels have been mitigated.
4. Penalty. A person who violates this section commits a civil violation for which a fine of not more than $250 per violation may be assessed.
Sec. 2. 22 MRSA §778, as corrected by RR 1991, c. 2, §75, is amended to read
Tuesday, July 28, 2009
15 Year Fixed Rate: 4.875%
30 Year Fixed Rate: 5.375%
3/1 ARM: 5.400%
5/1 ARM: 5.600%
FHA & VA 30YR: 5.750%
Jumbo 30 fix: 6.350%
Jumbo 7/1 ARM: 5.950%
Jumbo 5/1 ARM: 5.850%
** All rates are on primary residence single family homes within the state of
Mortgage Loan Officer
In the real estate business, the safety of our clients and customers must always be a concern. Every year in Maine there are deaths or injuries due to carbon monoxide poisoning.
In this area, Rinnai propane heaters are found in many homes. In models 556 and 431, manufactured from 2000-2007, a gasket can fail, causing carbon monoxide to be released. A simple upgrade kit provides protection. For more information, check the following website: http://www.rinnai.us/recall-safety-info/
Thank you Wayne Cobb, at Home Inspections Plus, Inc. for this valuable info.
Antique homes are his specialty!
Monday, July 27, 2009
The map was created by Healthy Portland, a Healthy Maine Partnership and a program of City of Portland, Health and Human Services Department, in collaboration with other City Departments including Public Services, GIS and Recreation. Allegedly, maps are available for free at the city's community centers, City Hall, and Portland Public Libraries. You can also TRY to contact Healthy Portland at firstname.lastname@example.org, 756-8021, but when I called the office last month, the person who answered the phone had no idea where the maps were available in print, then sent me to someone's voicemail. I then called back and said I just want to know if you have any maps available at your office - don't put me into voicemail, just get up from your desk and take a look around! (Duh) She then put me on hold, where the waiting message told me exactly where to get printed maps! Wow, good thing I pay taxes to keep these people employed.....
The best thing to do is view it online at http://www.portlandmaine.gov/hhs/placestoplay.pdf.
The Commission will also meet next month, August 27th at 5:30 in Council Chambers.
Friday, July 24, 2009
Board of Appeals – 1 position
Responsibilities: Assists in the administration of the City’s Zoning ordinance by reviewing decisions of the Building Inspector, approving conditional uses and granting variances. The Board functions in a quasi-judicial capacity and members must be able to hold public hearings, make findings of fact and conclusions of law based upon applicable state and local zoning laws, and issue written decisions setting forth their findings and conclusions.
CDBG Allocation Committee – 3 - 4 positions
The City of Portland receives approximately $2.1 million annually of federal funding from the Department of Housing and Urban Development in the Community Development Block Grant. This group’s task will be to review and score funding applications for the CDBG program, and make recommendations to the City Council for the allocation of CDBG resources.
Responsibilities: Thoroughly review and score each funding application based upon identified priorities and agreed upon scoring criteria. As a result of deliberation and scoring, make recommendations for resource allocations to the City Manager and to the City Council, both in writing and in person at a scheduled Council Meeting.
Qualifications: The City is looking for a diverse group of Portland residents who are fair-minded and analytical. Background or knowledge of accounting or finance a plus. In order to minimize conflict of interest, no staff, board members, contractors or anyone receiving financial gain from an applicant’s proposal can participate on this committee.
Creative Portland Corporation (Creative Enterprise Sector) – 1 position
The Creative Portland Corporation (CPC) is a newly established non-profit organization created to receive donations, grants, and contributions in support of and to assist the City of Portland’s economic development efforts which enhance, support, and create creative economy business and arts district development and employment opportunities.
The Board of Directors shall consist of thirteen individuals, two of which shall be ex officio members (the Mayor or City Council member, and the City Manager or designee associated with the Economic Development Division). Qualifications: three representatives from each private creative category (creative enterprises, creative organizations, and artists), and two members representing higher education and real estate.
All Directors, with the exception of the ex officio members, must be either residents of, own a business located in, or work in the City of Portland.
Downtown Portland Corporation – 2 positions
Responsibilities: Institute economic development programs in the Portland area to insure compliance to City’s goals, objectives and requirements. Review loan and underwriting applications for financing programs. Qualifications: Some or all of the following experience is
required: commercial financing, small business operations, commercial real estate, marketing, and have an interest or be active in economic development. Residency in Portland not required.
Friends of the Parks – 3 positions
This Commission serves as an advisory group to help promote parks, trails and open space needs in the City. Meets monthly to review projects, proposals and receive citizen input to provide recommendations to the Department and the City Council.
Planning Board – 1 position
The Portland Planning Board has responsibility to recommend adoption and amendments to the Comprehensive Plan of the City of Portland, and to advise the City Council and Departments on implementation measures for the Plan. The Planning Board makes recommendations to the City Council on applications for zoning text and map amendments, contract rezonings, substantial revisions of the Site Plan and Zoning Ordinance. The Board has jurisdiction to hear, review and approve applications for development including site plans, subdivisions, and conditional uses and other regulations governing development as appropriate.
Portland Fish Exchange B – 1 position
Portland Fish Exchange C – 1 position
Portland Public Art – 2 positions
The Portland Public Art Committee is responsible for administering the Public Art Program to preserve, restore and enhance the City-owned public art collection. The Committee develops and presents to the City Council an Annual Art Plan that recommends expenditures from the municipal percent-for-art allocation, reviews potential gifts of art to the City’s collection according the Guidelines for the Public Art Ordinance, seeks private donations to care for the public art collection, and recommends appropriate locations for the installation of permanent public art. Members must live or work in Portland. Experience, training or expertise in one of the following disciplines is desirable:
architecture or landscape architecture, accomplishment as an artist, art curator, commercial real estate or development, and/or experience with foundations and development. Members are appointed to three-year terms.
Additional information is available in the City Clerk’s office, on the City’s website at www.portlandmaine.gov or at 874-8677. Deadline for submission is August 7, 2009. Please send a resume and cover letter to Appointments Committee Chairman, c/o Linda C. Cohen, City Clerk, 389 Congress Street, Portland ME 04101 or email@example.com. Applicants will be contacted for interviews.
Thursday, July 23, 2009
Wednesday, July 22, 2009
Artist Eugene Boelens
July 24: The Artist's Story 6:30 pm
An evening with artist Eugene Boelens, current artist in Contemporary Art Gallery Mr. Boelens, former Director of the United Nations Development Programme in several countries in West and East Africa, frequently returns on extensive journeys to West Africa.
KWENU Festival August 15!
Kwenu 11th Anniversary Celebration
12-5 pm on Brown Street
Live music, good food, crafts,
activities for the kids!
Tuesday, July 21, 2009
Monday, July 20, 2009
Wednesday, July 15, 2009
Monday, July 13, 2009
- Discover the Fore River Sanctuary, a green gem in the middle of Portland! This 85-acre preserve has woodlands, marshes, wildlife, and Portland's only waterfall, Jewell Falls, at its north end. Hikers, cyclists, bird-watchers, and dogs on leash are all welcome in the Sanctuary.
- Take a ferry boat ride to one of the islands dotting the Casco Bay. Peaks Island and Great Diamond Island offer trails and bike routes for those looking for some fresh sea air. For information about ferry boats and schedules visit http://www.cascobaylines.com. Looking to explore some of the open spaces on Peaks Island? Visit http://www.preservepeaks.org/visitors.htm or www.trails.org.
- Drop a kayak into Casco Bay at the Eastern Promenade boat launch where history buffs can head towards Fort Gorges located just east of the beach. Built in 1864, Fort Gorges is an excellent spot to explore.
- Families and adults can also take advantage of sea breezes for some kite flying at the Eastern Promenade Park or Payson Park.
- Bring horseshoes or a volleyball and your friends to Deering Oaks for some competitive play in the sand.
- Take the kids to cool down at one of the four splash pads at Deering Oaks, Bayside playground, Payson Park or the Kiwanis pool in the city.
- Walk or hike some of the thirty miles of trails throughout the city. Visit www.trails.org for a complete map of city trails.
- Hop on a bike and take a tour of the city by cycling along one of many bike trails. You can start at the Ocean Gateway International Marine Terminal and ride along the Eastern Promenade to East End Beach or the Back Cove and Payson Park. Cyclists can also explore Deering Oaks and the Fore River Parkway which leads to Commercial Street. Visit www.bikemaine.org for more trails or bike routes in Portland.
Friday, July 10, 2009
Thursday, July 9, 2009
Wednesday, July 8, 2009
Concerts last approximately 40 minutes (If there is inclement weather, the concert will be canceled).
Wednesday, July 8 - 8:00 PM Tree By Leaf (Folk Quartet)
Wednesday, July 15 - 7:45 PM Darien Brahms
Wednesday, July 22 - 7:45 PM Black Powder (Country Folk Trio)
Wednesday, July 29 - 7:30 PM Sara Cox with Special Guest Player Nate Schrock
Wednesday, August 5 - 7:30 PM Truth About Daisies (Folk Quintet)
Wednesday, August 12 - 7:30 PM Slaid Cleaves
Saturday, July 4, 2009
With longer days, warmer temperatures, and an abundance of sunshine, it’s no wonder so many of us take to the outdoors for summertime fun. While it feels great to be outside for recreational activities and exercise in the summer, too much exertion can lead to serious health problems.
“When the temperature soars and humidity rises, it is time to take precautions to avoid dangerous health consequences such as heat exhaustion, heat stroke and overexposure to the sun,” says Dr. Sean Robinson, assistant professor of education at Argosy University/Washington DC and ACE-certified personal trainer. Seniors, children, and people with chronic illnesses are most susceptible to heat exhaustion and stroke, however, everyone is at risk. Many tell-tale symptoms and warning signs are associated with heat exhaustion, including dry mouth, fatigue, dizziness, headache, weak and rapid pulse, and cool, clammy, pale skin. And many of these symptoms take several hours to appear. “The early symptoms of heat exhaustion can sneak up on us,” explains Dr. Robinson. “Some people feel a bit lightheaded and weak, and might have a touch of nausea. The serious problems develop when symptoms are ignored and additional fluids are not taken right away.” Dehydration - and the resulting loss of electrolytes such as sodium – is the primary cause of heat exhaustion. Dr. Robinson advises people to stay well-hydrated and take in extra salt. “Drink even though you don't feel like it - you can't count on your thirst mechanism to prompt you.” Heat stroke is the most severe form of heat illness and is a life-threatening emergency. It is the result of long, extreme exposure to the sun, in which a person does not sweat enough to lower body temperature, reaching over 103 degrees. People suffering from heat stroke may experience extremely serious medical conditions, including hot, dry, red skin; no sweating at all; disorientation, hallucinations, or delirium; convulsions; and a loss of consciousness. “Heat stroke can occur within 10 to 15 minutes of the first symptoms. If treatment is not given immediately, permanent damage can occur to internal organs,” says Dr. Robinson. He also emphasizes that heat stroke is a medical emergency. “Call 911 or transport the victim immediately to a hospital.” While waiting for medical help, Dr. Robinson advises that an attendee to a heat stroke victim should move him or her to a cool place indoors and lower the body temperature by wrapping the victim in wet sheets, wet clothing or ice packs. Summer is always a great season to enjoy and be physically active in the fine weather and outdoor opportunities. Knowing the signs of heat exhaustion and heat stroke, and what to do when one is exposed to these conditions, will help keep you, your family and friends healthy and safe during the dog days of summer.
Courtesy of ARA Content
Wednesday, July 1, 2009
- Abraham Lincoln
Special Days and Events in July
July 4 – Independence Day
July 11 – World Population Day
July 20 – Moon Day
July 23 – National Hot Dog Day
July 27 – Cross Atlantic Communication Day
July 30 – Father-in-Law Day
The birth flower for July is the Larkspur.
The birth stone for July is the Ruby.
Existing-Home Sales Show Modest Gain
Sales of existing-home sales increased in May with buyers responding to lower home prices, NAR says. Existing-home sales - including single-family, townhomes, condominiums and co-ops - increased 2.0 percent to a seasonally adjusted annual rate of 4.99 million units in May from a level of 4.89 million in April, but are 15.9 percent below the 5.93 million-unit pace in May 2007. NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said buyers are seeing value in the current housing market. "Home buyers are starting to get off the fence and into the market, drawn by drops in home prices in many areas and armed with greater access to affordable mortgages," he said. "Today's buyer plans to stay in a home for 10 years, which is a good strategy for building long-term wealth."The national median existing-home price for all housing types was $208,600 in May, down 6.3 percent from a year ago when the median was $222,700.Lawrence Yun, NAR chief economist, said there's still a lot of inventory in the market. "The large supply of homes on the market clearly favors buyers, and it should take several months to draw the inventory down," he said. "Stabilization in home prices can only occur with buyers returning to the market, so we are encouraged by rising home sales, particularly in distressed markets. Foreclosures and short sales appear to be a larger part of the market, particularly in California, and are creating a drag on current home prices."Total housing inventory at the end of May fell 1.4 percent to 4.49 million existing homes available for sale, which represents a 10.8-month supply3 at the current sales pace, down from a 11.2-month supply in April.Although conditions remain mixed around the country, unpublished snapshot data shows a number of areas are experiencing much higher sales activity than May 2007, including Sacramento, the San Fernando Valley and Monterey County in California; Sarasota, Fla.; and Battle Creek, Mich."Keep in mind that the volume of home sales is the primary driver of economic activity that is tied to housing," Yun said. "It'd be premature to say the improvement marks a turnaround. The market is fragile, so a first-time home buyer tax credit and a permanent raise in loan limits would be important steps to get the housing engine humming."
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 6.04 percent in May from 5.92 percent in April; the rate was 6.26 percent in May 2007.
Single-family home sales rose 1.6 percent to a seasonally adjusted annual rate of 4.41 million in May from 4.34 million in April, but are 14.5 percent below the 5.16 million-unit pace in May 2007.
The median existing single-family home price was $206,700 in May, which is 6.8 percent below a year ago.
Existing condominium and co-op sales increased 5.5 percent to a seasonally adjusted annual rate of 580,000 units in May from 550,000 in April, but are 24.6 percent lower than the 769,000-unit level a year ago.
The median existing condo price4 was $223,400 in May, down 2.1 percent from May 2007.
In the Northeast, existing-home sales rose 4.6 percent to an annual rate of 910,000 in May, but are 15.0 percent below May 2007. The median price in the Northeast was $278,000, down 2.4 percent from a year ago. Reprinted from REALTOR® Magazine [June, 2008] with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.
Roasted Summer Vegetable Salad
1 ear corn - grilled, shucked, and cut off the cob 1 red pepper -- roasted, peeled, and cut into a 1/2-inch dice 1 tomato -- grilled, peeled, seeded, and cut into a 1/2-inch dice 2 zucchini or other summer squash -- cut into 1/2-inch slices, grilled, and cut into 1/2-inch dice 1 tablespoon lime juice 1 tablespoon lemon juice 2 tablespoons white wine vinegar 2 ounces extra virgin olive oil Salt and pepper
Combine all ingredients. Marinate for 30 minutes. Adjust seasonings to taste.
Please call or send an e-mail if you have any questions about buying, selling, or investing in real estate.
Keller Williams Realty, The Hatcher Group
Email me at:firstname.lastname@example.org
Visit my website at:http://johnhatcher.us/