According to their official Facebook announcement, this cherished market in Augusta, Maine, is sadly closing its doors. Let's delve into the reasons behind this decision.
With the current mortgage interest rates hovering over 8.5%, a lot of buyers have either been knocked out of the game or have chosen to wait. With less buyers, homes are not selling as quickly as they were a year ago. However, that is not the case everywhere.
According to Forbes Magazine's list of the 400 Richest People in America as of 2022, this man and his family are the wealthiest people in New Hampshire, with a net worth of $7.8 billion.
According to Realtor.com, about 52% of interest in home listings in Portland are 20-30 somethings moving to Maine from bigger metro areas, looking to settle down and start their families.