Home News One of the state’s top real estate agents sees slowdown in Maine’s hot market

One of the state’s top real estate agents sees slowdown in Maine’s hot market

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The beginning of the end of the hot real estate market in Maine may have taken root in Washington, DC, rather than Augusta or Portland.

Last week, the Federal Reserve raised interest rates to the highest in 40 years to combat inflation.Chair Jerome Powell said on Wednesday: Americans should expect more hikes..

Dava Davin, owner of the Portside Real Estate Group based in Falmouth, one of the state’s largest real estate companies, has called the pandemic situation an “extreme seller market” and is changing under the influence of the Fed. He said there were signs. Movement, high inflation, stock market declines and other factors.

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