Greater Portland Maine Housing Update

As the spring season comes to an end, the state of Maine continues to weather a nasty bit of cloudy, rainy weather as of late, certainly not helping to encourage parties to buy property and real estate in Southern Maine.   Interest rates spiked earlier this month but have since returned to very low levels.  Buying activity remained quite strong in the communities surrounding Portland Maine, specifically the South Portland real estate markets.   Look for a moderatly slow Summer season as the short sales and foreclosures continue to “gum up” and slow down the entire system.  Thinking or renting instead of buying, take a look at Schneider Property Management, a Portland Maine apartment rental company when time permits.