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MAINE HOUSING MARKET: BAD NEWS, GOOD NEWS
Kennebec Journal & Morning Sentinel 01/19/2008

So the Maine housing market is bucking national trends.

Although sales are down about 10 percent year-over-year, the median price is holding steady and even up a bit, depending on precisely when the snapshot is taken and where in in the state it is taken.

The reason says a lot about our place in the national economy. Maine's economy is steadier than the overall picture, meaning we don't get all the highs (the bad news), but the lows aren't usually as low, either (the good news).

The housing market still could get worse -- the word the experts use to cover themselves these days is "volatility." That mean's don't blame them when their predictions are wrong.

But if you're selling one house in Maine and then buying another, the issue is a little less urgent for you. What you might lose on one end, you can make up on the other.

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Stan Moody of Manchester, ME
Jan 19, 2008 8:43 AM
"What you might lose on one end, you can make up on the other."

There is an old Maine expression for such phenomena:
"What you gain on the bun, you lose on the mustard."report abuse

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