With mortgage rates surging higher again, somewhat unexpectedly, a thought came to my mind if you’re currently home shopping.
A couple years ago, I threw out the idea to adjust your maximum purchase price lower when looking for a property.
That post was driven by the many home sales that were going way above asking at the time. In other words, a home may have been listed for $600,000, but eventually sold for $700,000 in a bidding war.
That was all to do with a very hot housing market, driven in large part by a combination of record low mortgage rates and very low for-sale supply.
Today, we still have relatively low inventory, but the cheap mortgage rates have come and gone.
And now that they’re so volatile, you may want to input a higher rate into your mortgage calculator to ensure you don’t get caught out.
Mortgage Rates Are Highly Volatile Right Now
At the moment, mortgage rates are super unpredictable. While they had enjoyed a very good 11 months, falling from as high as 8% to nearly 6% in early September, they’ve since reversed course.
The 30-year fixed was nearly back into the high 5% range before the Fed cut rates and a better-than-expected jobs report arrived.
Sprinkle in some doubting about the Fed’s pivot and the upcoming uncertainty regarding the election outcome and home buyers are now facing a rate nearly 1% higher.
Per MND, the 30-year fixed has risen from a low of 6.11% on September 17th to 6.92% as of October 23rd.
Talk about a rough month for mortgage rates, especially since many expected the Fed’s rate cutting campaign to be accompanied by even lower mortgage rates.
It’s a good reminder that the Fed doesn’t control mortgage rates, and that it’s better to track mortgage rates via the 10-year bond yield.
Also, those yields are driven by economic data, not what the Fed is doing. By the way, the Fed makes moves based on the economic data too. So follow the economic data for crying out loud!
Anyway, this recent move up serves a great reminder that mortgage rates don’t move in a straight line. And to expect the unexpected.
Err on the Side of Caution By Inputting a Higher Mortgage Rate
If you’re currently looking to purchase a home, it’s generally a good idea to get pre-qualified or pre-approved upfront.
That way you’ll know if you actually qualify for a mortgage, and at what price point, including necessary down payment.
The thing is, these calculations are only as good as the inputs. So if your loan officer or mortgage broker puts in overly favorable numbers, it could skew the affordability picture.
In other words, you almost want to ask them to put in a mortgage rate that is 1% higher than today’s market rates.
That way you can absorb a higher payment if rates happen to worsen during your property search, which can take months and months to complete.
If rates happen to fall during that time, wonderful, it’ll just be the icing on the cake. Your expected monthly PITI will be even better than expected.
But like those bidding wars that took place, which resulted in higher asking prices, unexpected spikes in rates should also be anticipated.
And if they are, you might look at properties that are more within your price range, as opposed to homes that only work if everything is just right.
Given that homeowners insurance and property taxes are also on the rise (with just about every other cost), it can pay off to be prudent with your proposed home buying budget.
Adjust the Mortgage Rate on the Property Listing Page
If you’re using a site like Redfin to browse listings, there’s a handy mortgage payment calculator on each listing page.
It provides default amounts based on typical down payments, mortgage rates, property taxes, and homeowner insurance.
Let’s say that interest rate is 6.77% today, which is pretty reasonable given current market rates.
If you click on the little pencil icon, you can change it to anything you want. You can also select a different loan type while you’re at it.
Once you do, it tends to save your inputs, so when you look at other properties, the rate you selected earlier should apply to other homes.
This can give you a faster, perhaps more realistic estimate of the monthly payment, instead of a rate that might turn out to be too good to be true.
So you could put in 7.75%, or maybe 7.50%. That way if rates go up, or you qualify for a higher rate thanks to some loan-level price adjustments, you won’t be caught off guard.
You’re basically playing it more conservatively in case pricing worsens, which is the prudent approach.
While you’re at it, you may want to review the other inputs to ensure they are reflective of your proposed loan.
Are you really going to put 20% down on the home purchase, or just 3% to 5%?
Overestimating these costs instead of potentially underestimating them can help you avoid being house poor. Or worse, missing out on your dream home entirely due to inaccurate estimates.
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
When purchasing a home, one of the most critical steps in the process is obtaining a home appraisal. Whether you’re a first-time buyer or a seasoned homeowner, understanding the significance of a home appraisal can help ensure that you make an informed decision.
Appraisals provide an objective assessment of a property’s value, which plays a pivotal role in securing a mortgage, protecting your investment, and ensuring fairness in the transaction. Here’s why home appraisals are so important in the buying process.
Determining Fair Market Value
A home appraisal provides a clear understanding of a property’s fair market value. This is crucial not only for buyers, but also for sellers and lenders. The appraiser assesses the home based on various factors, such as the condition of the property, its location, comparable sales in the area, and other market trends. This evaluation helps ensure that the price you’re paying for the home aligns with its actual market worth, protecting you from overpaying.
Securing a Mortgage
Most lenders require a home appraisal before approving a mortgage. The reason is simple: lenders want to ensure that the property is worth the amount they are lending. If the home appraises for less than the agreed purchase price, the lender may refuse to finance the full amount, leaving the buyer with options such as renegotiating the price or paying the difference out of pocket. A fair appraisal, therefore, is essential to secure the loan and avoid financial surprises down the road.
Protecting Your Investment
For most people, buying a home is one of the largest financial investments they’ll make in their lifetime. A home appraisal ensures that you’re making a sound investment. It gives you a realistic picture of what the home is worth based on its condition, location, and recent sales in the area. This helps you avoid buying an overpriced property and ensures that your investment will hold its value in the future.
Negotiating Power
In cases where the appraisal comes in lower than the agreed purchase price, buyers can use this information to negotiate with the seller. Since the home is appraised for less than the asking price, the seller may agree to lower the price to match the appraisal. If the seller refuses, buyers can walk away from the deal or consider other financing options, but the appraisal gives them leverage in negotiations.
Protecting the Lender
While homebuyers benefit directly from appraisals, lenders are also protected. The appraisal acts as a safeguard for lenders by confirming that the property has sufficient value to cover the mortgage amount in the event of foreclosure. If the borrower defaults on the loan, the lender needs assurance that the home can be sold to recoup the outstanding loan balance.
Ensuring Transparency and Objectivity
The appraisal process introduces an element of objectivity to the home-buying process. The appraiser is an independent, licensed professional whose job is to provide an unbiased opinion of the home’s value. This impartiality ensures that neither the buyer nor the seller has an undue advantage, and the final decision is based on the property’s true value, not emotions or market pressure.
Home appraisals are a critical part of the home-buying process, ensuring that both buyers and lenders are protected from overpaying for a property. By providing an objective assessment of a property’s fair market value, appraisals help buyers secure financing, protect their investment, and ensure transparency throughout the transaction. Whether you’re purchasing your first home or adding another property to your portfolio, understanding the importance of appraisals can help you make more informed decisions and avoid costly mistakes.
Are you looking to enter the real estate market this fall? Give us a call today! One of the experienced agents at Zoocasa will be more than happy to help you through the exciting home-buying process!
Looking for your dream home?
Contact us today to talk to a Realtor in your area
When it comes to home decor, the concepts of minimalism and maximalism are two sides of the same coin. While minimalism champions simplicity and functionality, maximalism celebrates boldness and exuberance. Whether you’re curating a minimalist sanctuary in your Charleston, SC home, a vibrant, maximalist space in your Denver, CO apartment, or a balanced style in your San Diego, CA rental, the stars might offer some insight into your home style. Here’s how to decorate according to your zodiac sign and align your home with minimalism, maximalism, or a blend of both.
1. Minimalist signs: Virgo, Pisces, Capricorn, Taurus, and Cancer
For signs that value simplicity, order, and function, minimalism is the perfect fit. Venessa of itourvista3D Virtual Tours explains, “Minimalism, characterized by clean lines and clutter-free spaces, appeals to Virgos, Cancers, Pisces, Taurus, and Capricorns who appreciate order and functionality.”
Virgo
Virgos naturally lean into minimalism, with their love of organization and neatness. As lifestyle blogger Diana Collibri notes, “Attention to detail and love for organization are traits of the minimalist Virgo. You’ll often see this in their choice of functional furniture, minimalist shelving, and neutral storage baskets for a clutter-free space. Atef from home renovation guide, Renovera, adds, “Virgos thrive with sleek, multifunctional furniture like storage benches, which align with their need for an orderly, efficient home.”
Capricorn
Capricorns are drawn to timeless, high-quality pieces that echo their practical and disciplined nature figuring out how to decorate their home. According to Goodyear, AZ-based health and wellness blogger Mandy Wilde of The Midst, “Capricorns appreciate clean lines, natural materials like wood and stone, and cool tones for a refined, enduring look.”
Taurus
For Taurus, minimalism isn’t just about simplicity—it’s about embracing natural beauty. As Marrisa, owner of MZ Fine Designs in Waverly, MN where she offers unique, handcrafted pieces notes, “Taurus is likely to gravitate toward natural materials like wood, and earthy tones, reflected in unique pieces like handmade charcuterie boards.” These minimalist, yet elegant, items serve as both functional art and conversation starters, adding a touch of sophistication to a Taurus’s home.
Pisces
Pisces approach minimalism with a dreamy, ethereal touch. “Pisces appreciate pieces that transport them to another realm, making their homes serene, almost otherworldly sanctuaries,” says Lori Serra of Fine Art Canvas in Los Angeles, CA. Their soft, flowing fabrics and muted palettes are ideal for creating a space that feels both calm and imaginative.
Cancer
Cancers, known for their deep emotional connection to home, favor cozy, minimalist spaces when determining how to decorate according to their zodiac sign. David Gomez of Zodiac Zone Horoscope explains, “Cancers value soft textures, pastel hues, and family heirlooms, all contributing to a warm and inviting atmosphere that feels like a true sanctuary.” A Cancer’s dream home includes a deep-seat sectional sofa, soft throw blankets, and a cozy fireplace—a space where they can relax and feel safe.
2. Maximalist signs: Leo, Sagittarius, Aries, Gemini, and Scorpio
For signs that enjoy making bold statements, maximalism offers the perfect creative outlet. Venessa of itourvista3D points out, “Maximalism, characterized by bold colors and eclectic textures, resonates more with Leos, Aries, Scorpios, and Sagittarius, who express their vibrant personalities.”
Leo
Leos are known for their vibrant, show-stopping personalities, and their homes reflect this. “Leos are creative, playful, and exceptional hosts,” says certified astrologer Yael Teramel of Yael Astrology. They love big, well-lit spaces, statement pieces like gold-framed mirrors, and dramatic lighting. Marrisa of MZ Fine Designs adds, “vibrant colors such as those in resin charcuterie boards, suit Leo’s bold taste, making these pieces both functional and striking in their decor.”
Sagittarius
For Sagittarius, the free-spirited traveler, maximalism is a natural fit. Elyse Calucci from the podcast Allegedly Astrology explains, “Maximalism appeals to their love for collecting memories, stories, and eclectic items from their adventures and travels around the globe.” Their homes are filled with vibrant tapestries, global patterns, and unique art pieces that reflect their journeys. As Mandy Wilde from The Midst adds, “Sagittarians embrace layered textures and rich colors, creating a warm, welcoming space that tells the story of their life’s adventures.”
Aries
Aries, with their fiery, bold nature, thrive in maximalist environments that reflect their passion and zest for life. “Aries gravitate toward spaces filled with bright colors, statement pieces, and a sense of movement; think patterns and unique textures,” says Elyse Calucci.
Adam Mizrahi of MixPlaces located in Miami, FL also highlights, “Aries often opt for bold, vibrant statement pieces that showcase their dynamic personalities.” Whether it’s bold wall art or a statement rug, Aries isn’t afraid to let their decor speak for itself when determining how to decorate according to their zodiac sign.
Geminis
Geminis are naturally maximalists, drawn to variety and change. “Their fun, creative, and full-of-life personalities tend to transpire in their vibrant homes,” says Anda from House of Andaloo, in San Diego, CA. Anda notes, “Geminis often mix styles, colors, and textures, evolving their spaces frequently to keep things interesting.” They love eclectic furniture, vintage animalia decor, and statement artwork that brings a lively, upbeat energy to their homes.
Scorpio
Scorpios, although typically associated with a more reserved personality, lean toward maximalism in a refined way. They prefer purposeful, quality pieces that make a strong impact without overwhelming the space. According to Dawn Henson from architectural design group Small House Works, “A well thought out furniture plan is key for Scorpios who favor dual-purpose furniture like the OZ Sid space-saving coffee table that converts into a dining table.” This kind of design reflects Scorpio’s desire for functionality with a bold, impactful statement.
3. Balanced signs: Libra and Aquarius
Some signs, like Libra and Aquarius, find a balance between minimalism and maximalism, combining both styles to create unique, harmonious spaces.
Libra
Libras are known for their desire for balance and harmony in all aspects of life, including their homes. “Libras enjoy balance and order, so they may keep the decor simple by avoiding clutter,” explains lifestyle blogger Juju Gurgel located in Fort Myers, FL. However, Libras also appreciate elegance and beauty, blending minimalist design with luxurious touches like soft fabrics and ornamental elements. Lori Serra of Fine Art Canvas adds, “Libras love art that blends classical grace with modern innovation, mirroring their preference for spaces that are both peaceful and aesthetically pleasing.”
Aquarius
For Aquarians, modern minimalism with a twist is the way to go. Mandy Wilde from The Midst suggests, “Aquarians are drawn to futuristic, unconventional designs and geometric furniture that reflects their progressive spirit.” Eco-friendly materials and smart technology often make their way into an Aquarius home, marrying functionality with individuality in a minimalist yet distinct space.
Maximalist vs minimalist in interior design: The best of both worlds
Whether you lean minimalist or maximalist,figuring out how to decorate according to your zodiac sign can inspire home decor choices that reflect your personality. From the calm, serene spaces of Pisces to the bold, adventurous homes of Sagittarius, astrology offers a fascinating lens through which to view your design preferences.
As Karen Bradley from holistic interior design group Okos Koti notes, ”Your zodiac sign can significantly influence your home decor preferences.” And with tools like 3D virtual tours, as Venessa of itourvista3D suggests, “you can explore various styles to see how they align with your astrological traits.”
Each sign brings its unique flavor to home decor, and no matter where you fall on the minimalism-maximalism spectrum, your space can become a beautiful reflection of your inner self, inspired by the stars.
Yes, college is expensive. The real surprise: Housing can be pricier than tuition. At public four-year colleges in 2023-24, the average cost for housing and food was $12,770 — higher than the $11,260 for tuition and fees, according to a 2023 College Board report. Students at community colleges and private schools also faced similarly high housing costs.
High housing prices can impact a student’s ability to thrive at college or complete their degree. According to a 2019 report by Temple University’s Hope Center in Philadelphia, about 56% of surveyed students said they experienced housing insecurity — including the inability to pay rent — in the previous year.
“We see escalating prices and escalating costs whether you’re on- or off-campus, and so it’s becoming a bigger piece of the college education funding puzzle for a lot of families,” says Olan Garrett, associate vice president of student affairs at Temple University.
There are strategies to lower your college housing costs, from getting roommates to carefully comparing on- and off-campus options. Advisors at your college can guide you toward affordable options, even in emergency situations.
Before you take out more student loans than necessary to pay for college housing, consider these expert-approved tips.
Start early and do your research
Start looking for housing as early as possible — for many students looking off-campus, that will be mid- to late-fall for the next academic year, says Garrett. You may have more time if you want to live on-campus: that selection process typically opens in the spring, he says.
“The later you wait, the fewer options there will be,” Garrett says.
One way to get ahead of the curve: reach out to leasing agents in your community. “For example, if you’re going to an open house or an apartment tour, find the leasing agent and get in contact with them about what other available units might come up,” suggests Matt Aini, chair of the Student HOMES Coalition, a student-run organization that promotes affordable student housing policies. This could help you find apartments that aren’t yet listed online.
Do some research on your potential landlord or rental management company before signing a binding lease. Reach out to friends and peers and look up online reviews.
“How have people perceived the way the landlord works? Is it a landlord that’s very responsive to requests?” says Garrett.
Compare on-campus and off-campus options
Off-campus living may come with more independence and cheaper rent — but when it comes to comparing costs with on-campus options, it’s not always “apples to apples,” says Garrett.
With on-campus living, utilities like heat, water, electricity, trash and WiFi are typically baked into your housing fee. The dorm may also come fully furnished. Off-campus rent doesn’t usually include these services, so you’ll have extra college expenses. Off-campus apartments may also require a security deposit and first month’s rent upfront.
Most college websites offer online cost-of-living calculators that can help you compare average costs of living on- or off-campus.
If your school is close to home and you have the option to continue living there, you may consider commuting to save money on housing.
Aini, who is a senior at the University of California, Berkeley, lives with his parents nearby and commutes to campus.
“I made a very conscious decision,” Aini says. “And among other things, you see the cost. And I think it just makes things easier.”
Get roommates and manage expectations
Having a roommate is part of the quintessential college experience for many freshmen at American universities. Even after freshman year, living with roommates allows you to split rent and utility bills.
“I do believe there’s value in roommates or shared living environments,” says Brenda Ice, senior associate dean and senior director of residential life at Brown University in Providence, R.I. “This isn’t me saying, ‘try to pack in as many people as you can in a particular house or apartment,’ but I do believe there is both a social benefit of living with more than one person in a shared space, while also helping to cut down on costs.”
Be willing to compromise on amenities to get a place that’s within your budget. You may not be able to live in a brand new or recently renovated residence hall without roommates.
“Understand the first goal of this is to be able to live in a place of comfort that allows you to sleep, study, do the things you need to do,” Garrett says.
Reach out to university resources
For help navigating housing options, reach out to your university’s housing and residence life office. School administrators can walk you though on-campus options, and some can help with off-campus housing.
“Have a conversation with a housing officer,” Garret says. “In most cases, one size does not fit all.”
Many colleges offer off-campus housing databases with vetted landlords and properties. Some may even offer free workshops. For example, Brown works with a campus partner to teach students about financial literacy, understanding leases, connecting with neighbors and more, Ice says.
Even if your school doesn’t offer such robust housing resources, it likely has a housing officer. At North Seattle College, a community college, housing resource specialist Shannon Thomas helps students through emergency housing situations.
“I make connections with agencies and programs all throughout the area, whether it’s community service organizations, city or state programming, private landlords, or other schools and agencies,” Thomas explains.
Submit the FAFSA to minimize borrowing costs
If you need to take out student loans for housing, then prioritize federal student loans, which have more generous protections and flexible repayment options. You must submit the FAFSA to qualify for federal student loans and need-based Pell Grants. If you’ve borrowed the maximum amount in federal loans, consider private student loans as a last resort to fill in any funding gaps.
Read your lease and communicate with landlords
If you plan to live off campus, understand that leases are binding legal documents with major financial implications. Violating your lease terms may result in extra fees, eviction and a stain on your record that could make it difficult to rent an apartment in the future.
Some schools, like Brown, employ attorneys to help students with legal advice, including reviewing lease terms and navigating landlord disputes. You can also bring your lease documents to a free legal clinic at your school or in your community, says Aini.
If you’re already living off-campus and foresee an issue paying rent, reach out to your landlord proactively, Garrett says.
“I’m channeling my wife here, who’s a property manager, she would say, ‘communicate with your landlord early … if you know you’re going to be an issue, let them know you’re going to be an issue.’ Most landlords are willing to work with you up front,” he explains.
Apply for emergency housing grants
According to the 2019 Hope Center survey, 14% of students at four-year colleges said they experienced homelessness in the past 12 months. At community colleges, that figure was 18%. The vast majority of these students temporarily stayed with a relative or friend, the survey found.
Grants can help you get by in emergency situations where you’re at risk of losing housing. States, cities and institutions usually offer these grants. To learn about your options, reach out to the housing officer at your institution.
For example, colleges in Washington state can dole out the Washington Student Achievement Council (WSAC) emergency grant.
To apply for the WSAC grant, students typically first meet with a housing coordinator at their school, says Thomas, who oversees the WSAC grant program at North Seattle College. The amount of money students can get from this grant is flexible, though Thomas says it goes up to roughly $3,000.
“We will assess their housing needs, their basic needs and then we’ll prioritize what those are and set a course for finding them,” Thomas says. “A student might drop in and say, ‘we’re moving into an apartment that’s going to cost us ‘X’ amount of money. I only have so much. I am not receiving assistance from my family, or can’t pay for a variety of reasons. And so can you help me with this?’ And so what happens is, we take a request for financial assistance and we explore it as a team.”
In an urgent situation, Thomas says he may refer students to a shelter or arrange for a stay in a motel.
“It’s pretty clear that if you’re addressing the basic needs of your students, that you’re going to improve your retention rates … and you’re also going to improve the quality of community on your campus,” Thomas says.
Thinking about living in Greensboro? This cool North Carolina city is a solid spot to settle down. From community activities to economic opportunities, Greensboro has a lot to offer. That said,, as with any place, there are aspects that might not suit everyone. Let’s explore 13 of the most prominent pros and cons of living in Greensboro so you can make the best decision for you.
Greensboro at a glance
Walk Score: 29 | Bike Score: 32 Median Sale Price: $280,500 | Average Rent for 1-Bedroom Apartment: $1,112 Greensboro neighborhoods | Houses for rent in Greensboro | Apartments for rent in Greensboro | Homes for sale in Greensboro
1. Pro: Affordable cost of living
Greensboro’s cost of living is lower than the national average, making it more affordable than other cities. Houses tend to sell for below the national median of $432,849 and apartments in Greensboro follow a similar trend, going for $1,122 on average.
2. Con: Minimal public transportation options
Although Greensboro does have a bus system, the public transportation infrastructure is not as extensive as in larger North Carolina cities. Locals without a car may find it challenging to navigate the city or reach surrounding areas efficiently. The transit system covers main areas, but it can be lacking for daily commuters or spontaneous trips.
3. Pro: Thriving arts and scene
Living in Greensboro means easy access to arts, theater, and music. The city is home to several museums, like the Weatherspoon Art Museum, and live music venues like Hangar 1819. The historic Carolina Theatre hosts world-class performances, creating ample opportunities for residents to enjoy the local culture.
4. Con: Hot summers
While Greensboro may not be one of the hottest cities in the U.S., July and August often see consistent temperatures in the 90s. This makes outdoor activities less enjoyable during peak heat. The humidity can add to the discomfort, especially for those used to cooler climates.
5. Pro: Abundance of parks and outdoor activities
Greensboro is full of outdoor spaces and parks. The city boasts over 90 miles of trails and several large parks, including the popular Greensboro Arboretum and the Bog Garden. For those who love hiking, biking, or simply enjoying time outdoors, Greensboro is a fantastic place to be.
6. Con: Traffic on major highways
While Greensboro isn’t known for severe traffic like larger cities, congestion can build up on major highways, particularly during rush hour. I-40 and I-85, which run through the city, are prone to bottlenecks during peak commuting times. This can extend travel time, especially for those working outside the city.
7. Pro: Strong job market in healthcare and education
Greensboro’s economy is growing, with a particular emphasis on healthcare and education. The presence of major employers like Cone Health and the University of North Carolina at Greensboro provides job opportunities and bolsters the city’s reputation as one of the best college towns in North Carolina.
8. Con: Limited nightlife
Greensboro has a laid-back nightlife scene, which may not appeal to those seeking more of a party atmosphere. While there are a few bars, breweries, and lounges, the options are more limited compared to cities like Raleigh or Charlotte. This may be a drawback for younger folks or those looking for more excitement after dark.
9. Pro: Access to higher education
Greensboro is home to several higher education institutions, including the University of North Carolina at Greensboro and North Carolina A&T State University. These schools offer a range of programs and solidify Greensboro’s status as an elite North Carolina college town.
10. Con: Pollen and allergies
For people with seasonal allergies, living in Greensboro can be tough during spring and early fall. The city’s abundance of trees and plants means high pollen counts, which can trigger allergies. Residents with sensitivities may experience discomfort during these months, making it a consideration for those prone to extreme seasonal allergy reactions.
11. Pro: Central location in North Carolina
Greensboro’s location in central North Carolina makes it easy to travel to other parts of the state. Residents are within a few hours’ drive of the beaches to the east and the mountains to the west. This central location is perfect for weekend getaways or day trips to explore North Carolina’s stunning scenery and stellar small towns.
12. Con: Underwhelming shopping choices
While Greensboro has several malls and shopping centers, it lacks the high-end retail options that larger cities offer. For more upscale shopping, residents may have to visit friends living in Raleigh or Charlotte. This may be inconvenient for those looking for a wider variety of stores or luxury brands.
13. Pro: Growing food scene
Greensboro’s food scene is expanding, with a variety of restaurants serving everything from Southern comfort food to international cuisine. Local eateries, food trucks, and farmers markets are becoming increasingly popular. For foodies, Greensboro offers a surprising range of delicious options that cater to many tastes.
A native of the northern suburbs of Chicago, Carson made his way to the South to attend Wofford College where he received his BA in English. After working as a copywriter for a couple of boutique marketing agencies in South Carolina, he made the move to Atlanta and quickly joined the Rent. team as a content marketing coordinator. When he’s off the clock, you can find Carson reading in a park, hunting down a great cup of coffee or hanging out with his dogs.
It goes without saying, meanwhile, that broker outreach is also essential: making sure brokers are equipped with as strong a knowledge of a lender’s offerings as possible as they present options to their clients. “We’re a private lender for non-owner-occupied investment properties, so we want to make sure that if an investor stumbles upon RCN … [Read more…]
If you’ve been paying attention, you may have noticed that mortgage rates have quietly crept back up to nearly 7%.
While it appeared that those 7% mortgage rates were a thing of the past, they seemed to return just as quickly as they disappeared.
For reference, the 30-year fixed averaged around 8% a year ago, before beginning its descent to nearly 6% in early September.
It appeared we were destined for 5% rates again, then the Fed rate cut happened. While the Fed itself didn’t “do anything,” their pivot coincided with some positive economic reports.
Combined with a “sell the news” event of the Fed cut itself, rates skyrocketed. However, now might be a good time to remind you that rates do tend to fall for a while after rate cuts begin.
Falling Rates Often Play Out Over Years, Not Months
As noted, the Fed pivoted, aka lowered its own fed funds rate, in September. They did so after increasing their rate 11 times during a period of tightening.
Hence the word “pivot,” as they switch from raising rates to lowering rates.
In short, the Fed determined monetary policy was sufficiently restrictive, and it was time to loosen things up. This tends to result in lower borrowing rates over time.
While many falsely assumed the pivot would lead to even lower mortgage rates overnight, those “in the know” knew those cuts were mostly already baked in, at least for now.
So when the Fed cut, mortgage rates actually drifted a little higher, though not by much. The real move higher post-cut came after a better-than-expected jobs report.
Lately, unemployment has taken center stage, and a strong labor report tends to point to a resilient economy, which in turn increases bond yields.
And since mortgage rates track the 10-year bond yield really well, we saw the 30-year fixed jump higher.
After nearly hitting the high-5s in early September, it completely reversed course and is now knocking on the 7% door again.
How is this possible? I thought the high rates were behind us. Well, as I wrote earlier this month, mortgage rates don’t move in a straight line up or down.
They can fall while they are rising, and climb when they are falling. For example, there were times when they moved down an entire percentage point during their ascent in 2022.
So why is it now surprising that they wouldn’t do the same thing when falling? It shouldn’t be if you zoom out a little, but most can’t stay the course and contain their emotions from dramatic moves like this.
It Can Take Three Years for Mortgage Rates to Move Lower After a Fed Pivot
WisdomTree Head of Equities Jeff Weniger crafted a really interesting chart recently that looked at how long mortgage rates tend to fall after the prime rate starts falling.
He graphed six instances when rates came down from 1981 through 2020 after prime was lowered. And each time, other than in 1981, it took at least two years for rates to hit their cycle bottom.
If we combine all those falling mortgage rate periods and use the average, it took 38 months for them to move from peak to trough.
In other words, more than three years for rates to hit their lowest point after an initial Fed cut.
As it stands now, we are only a month into the prime rate falling. But it’s important to note that rates had already fallen from around 8% a year ago.
They’ve now drifted back up to around 6.875%, and it’s unclear if they’ll continue to move higher before coming down again.
But the takeaway for me, in agreeing with Weniger, is that we remain in a falling rate environment.
Even if 30-year fixed rates hit 7% again, it’s lower highs over time as rates continue to descend.
Meaning we saw 8% in October, 7.5% in April, and perhaps we’ll see 7% this month. But that’s still a .50% lower rate each time.
The next stop could be 6.5% again, then 6%, then 5.5%. However, it won’t be a straight line down.
Still, it’s important to pay attention to the longer-term trend, instead of getting caught up in the day-to-day movement.
Mortgage Lenders Take Their Time Lowering Rates!
I’ve said this before and I’ll say it again for the umpteenth time.
Mortgage lenders will always take their sweet time lowering rates, but won’t hesitate at all when raising them.
From their perspective, it makes perfect sense. Why would they stick their neck out unnecessarily? Might as well slow play the lower rates if they’re not sure where they’ll go next.
As a lender, if you’re at all fearful rates will get worse, it’s best to price it in ahead of time to avoid getting caught out.
That’s likely what is happening now. Lenders are being defensive as usual and raising their rates in an uncertain economic environment.
If and when they see softer economic data and/or higher unemployment numbers, they’ll begin lowering rates again.
But they’ll never be in any rush to do so. Conversely, even a single positive economic report, such as the jobs report that got us into this situation, will be enough for them to raise rates.
In other words, we might need multiple soft economic reports to see mortgage rates move meaningfully lower, but just one for them to bounce higher.
So if you’re waiting for lower mortgage rates, be patient. They’ll likely come, just not as quickly as you’d expect.
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
You might think that if you close a loan or credit card account it will no longer affect your credit report, but they can actually stay on your credit report for up to 10 years. During this time period, these accounts can help or hurt your credit score, depending on a number of factors.
Here’s what you should know about closing loan and credit card accounts from your credit report.
Key Points
• Closed credit accounts can stay on your credit report for up to 10 years, impacting your score.
• On-time payments on closed accounts positively affect your credit history.
• Late payments on closed accounts can negatively impact your credit history for seven to 10 years.
• Closing accounts can affect your credit utilization rate and credit mix, influencing your credit score.
• Removing closed accounts with poor payment history or fraudulent activity can build your credit profile.
How Closed Accounts Affect Your Credit
Closed credit accounts and loans can have varying effects on your credit, some positive and some negative, due to the factors that make up your credit rating. Here’s a closer look at three of those that are significant in this situation: your credit history, your credit utilization rate, and your credit mix.
Your Credit History
A closed account on which you made on-time payments will help your credit score by building your credit history. The effect will be less than if it were an open account, but it would be a positive factor nonetheless, since it shows that you can manage credit responsibly. However, if you made late payments on an account that is now closed, the negative impact may linger in your credit history for seven years and up to 10 years if you file for bankruptcy.
Longevity is a factor on your credit report. Credit scoring systems reward borrowers with a longer history of managing debt and repayment. That means that if you close an account and seven years pass, you’ll lose any benefit of having had that account. It won’t make a significant change, but it is another factor to be aware of.
Track your credit score with SoFi
Check your credit score for free. Sign up and get $10.*
Your Credit Utilization Rate
Part of your credit rating is based on how much debt or credit you already have. Creditors look at your credit utilization ratio, which is how much credit you have available to you versus how much you actually use. The best case scenario is to not use more than 10% of your accessible credit; otherwise, no more than 30% is a good move.
Two examples:
• Say you have a $10,000 credit limit on your credit card, you might want to limit your balance to $1,000. That’s 10%.
• Otherwise, keeping your balance to no more than $3,000 would be 30%, the upper end of what’s considered a good credit utilization ratio.
If you close a loan or a credit card account, that might reduce the amount of credit available to you, which will increase your utilization rate. If you open a credit card or take out a loan, that will increase the amount of credit available to you, thereby decreasing your utilization rate.
Your Credit Mix
Credit scoring systems, such as the FICO® Score and VantageScore® look at the types of loans you have and how you manage them. These systems reward a mix of loan types, such as installment loans (auto loans and mortgages), and revolving accounts such as credit cards. Eliminating a credit card account or other type of loan (such as when it is closed and eventually drops off your report) could limit your credit mix, and that could negatively impact your credit score. Worth noting though: Credit mix counts for 10% of your score vs. 35% for your payment history (meaning, how successfully you make payments on time).
Why Do Closed Accounts Stay on Your Credit Report?
Both closed and open accounts can contribute to your credit rating as they stay on your credit report. That’s because the credit agencies can gain a fuller picture of your risk as a borrower the more information they have.
Monitoring and understanding your credit report (perhaps with a credit score monitoring app; your bank may offer this) is an important part of your financial wellness.
When to Remove a Closed Account from Your Credit Report
If possible, remove a closed account from your credit report if it has a poor payment history. Also, remove any accounts that are found to be fraudulent. If an account shows that you made regular, on-time payments, don’t remove it because it will be helping your score.
Recommended: Average Salary by State
How to Remove a Closed Account from Your Credit Report
A few factors affect your credit score; one of which is your credit history. As noted above, your credit history shows the loans and credit cards you have obtained in the past seven to 10 years, along with your repayment patterns. Even closed accounts are part of that narrative for the stated period of time.
That said, there may be a way to remove a closed account from your credit report, which you might want to do if it is having a negative effect. Here are some options.
1. File a Dispute if There Is an Error on Your Credit Report
It might be that you notice a fraudulent account when you check your credit report. If that is the case, you can remove the record by submitting a dispute in writing with each of the three credit bureaus (Equifax®, Experian®, and TransUnion®). You must include supporting documents. The bureaus will investigate your complaint and update your credit score if there is fraudulent data.
2. Contact the Creditor and Pursue a Goodwill Deletion
Another way to remove a closed account from your credit report is to directly contact the creditor that’s involved and ask them to remove the account from your credit report. (This is sometimes known as a goodwill letter or goodwill request.) The creditor will have to contact the credit bureau(s) directly to do so. You will be more successful if you have a positive credit history and relationship with the creditor.
3. Wait It Out
In time, a closed account will no longer be reflected on your credit report, but it might take seven to 10 years. The good news is that the accounts that stay the longest are usually ones that you closed in good standing, and these will positively influence your credit score.
Recommended: Why Did My Credit Score Drop After a Dispute?
What Does “Account Closed” Mean on a Credit Report?
“Account closed” on your credit report indicates an account that is no longer active. There can be several reasons for an account being closed.
• Perhaps it was an installment loan that you paid off.
• You might have opened a credit card account and then decided to close it (maybe you weren’t using it much).
• The creditor closed it, which could be positive (you paid off a loan) or negative (you weren’t paying your bills in a timely manner).
These are typical scenarios that lead to seeing “account closed” on your credit report.
How Long Will a Paid-off Account Take to Show up on Your Report?
Lenders usually update the credit report agencies with closed account information at the end of a billing cycle. Thus, it could take one or two months before a paid-off account is reflected on your credit report.
How Long Does a Closed Account Stay on My Credit Report?
As noted above, how long closed accounts stay on your credit report can vary.
• Accounts closed in good standing (paid on time and in full) can remain on your credit report for up to 10 years.
• Accounts closed due to nonpayment (these include collection accounts, some bankruptcies, and debt settlement) remain on your credit reports for seven years from the first missed payment or from being turned over to collections. The exception is Chapter 7 bankruptcy, which usually stays on your credit report for 10 years.
Practice Good Credit Habits Going Forward
Here’s advice that can help you manage existing credit card and loan accounts well.
• First, it’s always wise to take control of your budget. Whether you do that with the 50/30/20 budget rule or a financial tracking app, keeping on top of your income, your spending, and your saving can be a money-smart move.
• Check your credit score regularly to make sure there is no fraudulent activity. You might aim for an annual review.
• Extend your credit history as much as you can with accounts that are and have been in good standing. This means it’s probably in your best interest to occasionally use a credit card account and keep it in good shape vs. closing it because you don’t use it often. This can reduce your available credit and possibly lower your debt utilization ratio.
One good idea can be to use a credit card for predictable expenses, such as streaming services, and set up automatic payments. That way, you will be paying a set amount each month and building a positive credit history.
These moves can help you keep your financial profile in good shape.
The Takeaway
Closed credit accounts will stay with you for a long time, seven to 10 years usually. Keep accounts that you have owned for a long time open and in good standing whenever possible. If you have fraudulent accounts on your credit history or ones that were not managed well, you might take steps to have them removed and possibly build your credit profile. Keeping tabs on your credit score and your budget can be easy with the right tools, like those SoFi offers.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
See exactly how your money comes and goes at a glance.
FAQ
Can I get closed accounts removed from my credit report?
You can remove a closed account from your credit report if you suspect it is fraudulent by filing a dispute with the three credit bureaus. You can also contact a creditor directly and ask them to remove a closed account. However, they are under no obligation to comply with this kind of request for a “goodwill” deletion. Alternatively, you can wait for seven to 10 years, after which closed accounts will fall off your credit history.
What is the 609 loophole?
The 609 loophole is a tactic that some people think will remove bad debt history from their credit reports. A section of the Fair Credit Reporting Act states that you can write a letter to gain documentation on what you may believe is an incorrect entry in your credit history. The 609 letter theory is that if a credit bureau cannot produce a piece of information, such as the original signed copy of your credit application, they have to remove the disputed item because it’s unverifiable. However, these steps are not the same as a dispute. Also, if you have legitimate debt, even without this documentation, the debt may remain. In other words, this process is unlikely to provide a shortcut to building your credit.
How long before a debt is uncollectible?
At which point a debt can no longer be collectible varies based on the type of debt and the state you live in. It is often between three and six years, but it could be as long as 20 years. After the statute of limitations that applies, a debt collector can no longer sue you for repayment, though some might still try to collect.
Photo Credit: iStock/dusanpetkovic SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.
*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Fall in Portland, Maine is a spectacular experience, filled with vibrant colors and a host of activities. September to October is the best time of year to enjoy the magic of fall in Portland, from the scenic coastal views to fun downtown festivities. Stroll through the charming streets of the Old Port, where you can explore local shops and enjoy seasonal treats at cozy cafes. Don’t miss the chance to visit nearby orchards for apple picking or take in breathtaking views on a scenic drive. With local festivals celebrating food, art, and community, there’s fall things to do in Portland, ME for everyone to enjoy.
Whether you’re searching for a house to rent in Portland, ME, an apartment to call home, or ready to purchase your first home in the city, , this city has so much to offer. Let’s explore 15 fall things to do in Portland, ME, where pops of color and cozy vibes create the perfect backdrop for autumn and give you a taste of why Portland is a good place to live.
1. Pop some tags at the local thrift shops
The community around thrift and vintage shopping in Portland is eclectic and supportive, hosting regular events like swap meets and pop-up markets. Whether you’re hunting for a vintage vinyl record, mid-century furniture, or stand-out fashion statements, you’ll be sure to find something unique at one of Portland’s thrift stores.
“One of my favorite things about Portland is the amount of thrift and vintage shops we have,” shares local photographer Shado of Shado of a Rose Photography. “All within a 10-minute walk you could get incredible vinyl at Moody Lords, find that new sweater you need for fall at Material Objects, or pick up a retro video game/movie poster from Electric Buddhas.”
And, if you’ve worked up an appetite while thrifting, Shado has you covered. ”If you’re in the mood for some food just pop over to Exchange street a few blocks away. Whether you’re getting incredible chicken from Crispy Gai, eating $1 oysters on a Wednesday night at Blyth and Burrows, or having dessert at Gorgeous Gelato, you really can’t go wrong when going out in the Old Port.”
2. Admire the fall foliage in Portland
Whether you’re walking, biking, or simply taking a drive, enjoying the fall foliage in and around Portland is a perfect way to experience the changing of the seasons. The contrast of the colorful foliage with the historic architecture and coastal scenery creates a picturesque setting that feels like a scene from a postcard.
Fall colors around town
“This small East Coast city, with its cozy New England town feel, offers a little bit of something for those wanting to feel at home or someone seeking a temporary home base to do some leaf-peeping in Maine during the fall season,” describes local Portland author Marpheen Chann.
One of the best ways to experience the fall foliage in Portland is by exploring the many parks and waterfront areas. “A walk or bike ride on smooth trails can take you around Back Cove, where you can get a quality photo of Downtown Portland from across the water at Payson Park. Continue your day at Portland’s Eastern Promenade, the perfect place for a picnic with scenic views of Casco Bay and its islands,” Chann shares.
Catch a train
You can also relax into a scenic tour of the fall foliage by hopping on the Maine Narrow Gauge. “From your comfortable seat on the historic train, take in the dazzling colors of autumn, set against the backdrop of Casco Bay. You’ll hear all about Portland’s history and learn about local landmarks from onboard narration,” describes Matt Levy, general manager of the Maine Narrow Gauge Railroad. You can also get special Pumpkin Train tickets for the last two weeks of October, and continue the fun into the holiday season with a Polar Express themed train ride.
Finish the day
Hungry after a day of exploring fall in Portland? “Experience some of Portland’s iconic and diverse restaurants without the summer crowds with Cambodian-Chinese eats at Oun Lidos on Market Street,” recommends Chann. “If you’re looking for a good spot for a drink or a casual date, pickup where you left off with a friend or a book at Novel on Congress Street or snag some downtown views high up at the Top of the East on High Street.”
Whether you’re walking around town or getting into the countryside, experiencing the fall colors in Portland is an autumn must-do – finished off with great food, of course.
3. Wander the picturesque streets of Portland
“Portland in the Fall is magical,” gushes Adria Moynihan Rusk, a painter at Still Life Studio in Portland. “You’ll skip the rush of summer tourists while being here at the most picturesque time of year. Check out the Old Port and Bayside neighborhoods to find a unique selection of local shops and breweries.”
Old Port
Portland’s neighborhoods offer a mix of maritime heritage and urban appeal, inviting you to spend your autumn days wandering their streets. “Fall is a perfect time to explore Portland,” agrees Sierra Bisson, author of the travel blog The Ocean Drifter. “Walk around the cobblestone streets of the Old Port, where you’ll find great shopping and amazing restaurants.”
Charming lanes and narrow alleys wind through the Old Port, where brick buildings house eclectic shops, art galleries, and cozy restaurants. “When you’re in the area, make sure to stop by must-try spots like Duckfat and Taco Escobarr,” Bisson continues. “If you’re in the mood for some nightlife, swing by Bonfire for a fun evening with a great atmosphere and drinks.”
The Waterfront
If you’re looking for places to stop by on your stroll, Rusk is full of suggestions. “Grab a latte at Bard Coffee and walk down Commercial Street to people-watch along the waterfront,” she shares. “Take the fairy out to Peak’s Island and back, and then head to Washington Avenue for a hot bowl of Pho Ga at Cong Tu Bot. Don’t forget to try the potato donuts at the Holy Donut.”
To finish off your day of exploring Portland in the fall, Rusk recommends, “Find a park bench on the East End promenade and watch the boat traffic skip across Casco Bay. It’s hard to do it wrong, so make an adventure of it.”
4. Warm your insides with local beer tasting
Portland, ME’s craft beer scene is renowned for its creativity, quality, and variety, making it one of the top destinations for beer lovers in the country. The city boasts a high concentration of breweries, from long standing favorites like Allagash Brewing Company to newer, experimental breweries like Bissell Brothers. Many breweries are located in Portland’s industrial areas and waterfront, offering taprooms where guests can sample a range of styles, from hoppy IPAs and smooth stouts to crisp lagers and sour ales.
“You absolutely have to check out at least one of the local breweries – Portland is known for its craft beer scene,” confirms Bisson of The Ocean Drifter blog.
Must-visit breweries
“Fall in Portland isn’t complete without attending Oktoberfest at one, or more, of the city’s great breweries,” seconds local tech expert and beverage connoisseur Dan DeSimone. “I especially like Belleflower, which is walking distance from a number of other breweries like Austin Street and Rising Tide. Tandem Coffee is right down the street too if you’re in the mood for a latte break (pumpkin spice optional) between beers.”
The East Bayside is another area that is renowned for its breweries, with local chocolate shop Dean’s Sweets offering the perfect neighborhood map to plan out your day of beverage sampling. “The East Bayside is one of the fastest-changing neighborhoods in Portland, ME,” reveals Kristin from Dean’s Sweets. “There are spirit makers, food trucks, hard seltzer, and cider right alongside the many breweries and wineries. And of course, chocolate at Dean’s Sweets, for those who want a gift for others or a nibble for yourself,” she laughs.
Join a beer tour for a unique beer-tasting experience
For a fun way to spend fall in Portland and sample the craft beer scene, consider a beer tour. “Join the Maine Brews Cruise for a cozy, festive journey through Maine’s craft alcohol scene amidst the backdrop of stunning fall foliage,” shares the Maine Brews Cruise team.
With options of a guided walk through the streets of Portland or having your own designated driver on a tour bus, the Maine Brews Cruise is perfect for those who enjoy a snug atmosphere while exploring local breweries, distilleries, and wineries. “With expert guides and a warm setting, you can learn, taste, and toast to the season – flannel attire recommended for the full autumn experience,” says the team.
You can also embrace Portland’s coastal vibe with a beer and boat tour through SeaPortland. “For those eager to experience Portland’s crisp fall beauty and rich history, SeaPortland provides exclusive tours that combine sightseeing with local brew tastings,” describes the crew. “You can explore historic Fort Scammel or enjoy a Harbor Cruise, where the vibrant fall colors enhance the flavor of each locally brewed beer. These 90-minute tours promise a blend of good vibes and spectacular sights, ideal for anyone looking to savor the season.”
However you prefer to indulge in the local craft beer scene, the city’s community-focused beer culture is a great fall thing to do in Portland.
5. Get outside into Portland’s local landscape
Portland is a mix of coastal beauty and historic urban charm. Located on a peninsula overlooking Casco Bay, the city’s waterfront features working harbors, marinas, and scenic parks like the Eastern Promenade. In the fall, the vibrant foliage adds to the town’s allure, making outdoor exploration a must.
See the scenery
“Visiting Portland in the fall is many people’s highlight of the year,” states Nick Robinson of Portland Schooner Co. “For a nature experience in town, try the walking trails at the Evergreen Cemetery where you can catch migrating birds in the trees, turtles and other amphibians in the ponds, and an array of tree species lighting up the landscape with their vibrant colors.”
You can also get a new perspective of Portland’s scenery via a historic wooden schooner, sailing your way around Casco Bay on the Maine-built boat through the Portland Schooner Co. “Don’t forget your hat, sunglasses, and cozy layers,” reminds Robinson.
Enjoy your dining outdoors
“Autumn in Portland is my favorite time of year,” confesses Chelsea K Ray, a wardrobe consultant and blogger based in the city. “Breakfast right on Casco Bay at the Porthole is a must. Walk off your lobster Benedict with a stroll along the East End Trail, and don’t forget to dip your toes in the ocean at East End Beach.”
Ray recommends doing some shopping at Mexicali Blues and Ports of Call on Commercial Street before enjoying fresh seafood at DiMillos, a floating restaurant that features beautiful waterfront views. “Wrap your day up with a cocktail at the Commercial Street Pub,” encourages Kay, noting that the pub is a true local’s spot where you can share your day’s adventures with other patrons.
6. Celebrate the season with Harvest on the Harbor
Since its inception in 2007, Harvest on the Harbor has celebrated Portland’s outstanding culinary scene, showcasing the talents of local chefs, brewers, distillers, and food artisans. “This is the 16th year for Harvest on the Harbor, which draws attendees from around the world to savor the deliciousness of Maine,” shares the Harvest on the Harbor team.
Portland has earned the reputation as “The Foodiest Small Town in America,” and the festival nods to this title by highlighting Maine’s rich food and beverage culture.
“Harvest on the Harbor is a celebration of Maine-made spirits, Maine lobster, Maine oysters and Maine seafood,” confirms the team. “With four events in three days there is something for everyone, including the Maine OysterFest, From The Sea and the Maine Cocktail Classic.”
Held the last weekend of October, Harvest on the Harbor offers a fun fall outing and a tasty celebration of Maine’s local flavors and traditions.
7. Indulge in Portland’s fall flavors and festivities
Portland celebrates fall with festivals, outdoor markets, food, and events like the Portland Farmers’ Market, which overflows with fresh produce, baked goods, and seasonal flowers.
Local eats and treats
“Portland is simply vibrant in autumn,” affirms Jamie, author of the blog Travel Addict. “Whether you are tasting local beers at the Portland Beer Hub, hiking on Peaks Island, or tasting the freshest of seafood along the waterfront, it’s the perfect fall destination with something for everyone. The cuisine is top notch – with incredibly fresh seafood at Scales and exquisite flavors at Duck Fat.”
Seasonal favorites like cider donuts, craft pumpkin ales, and hearty farm-to-table dishes become staples at eateries across the city, making a food tour a perfect fall thing to do in Portland.
“Maine Day Ventures keeps you moving and learning while you eat and shop,” suggests Kristin of Dean’s Sweets. “The guide gives an insider’s behind-the-scenes taste of the most popular spots in the city. The tour includes generous portions of some Maine specialties, including lobster, blueberries, craft beer, and the always-loved Maine potato, along with some up-and-coming foodie trends.”
Fall activities
Other fun fall activities come recommended from the Harvest on the Harbor team, including visiting corn mazes, hiking, trying award-winning restaurants, shopping and gallery hopping.
“Every Friday, the City of Portland hosts a First Friday Art Walk with gallery openings,” says Harvest on the Harbor. “Performing arts opportunities include the Portland Symphony Orchestra, celebrating its 100th season with performances at a few area breweries and a pay-what-you-can Chamber Series.”
8. See the city by sea
Experience Portland by sea for stunning views of Casco Bay, its islands, and iconic lighthouses like Portland Head Light. Fall tours provide a quieter, more intimate experience, with crisp air and warm autumn sunlight reflecting off the water.
“If you’re looking to enjoy Maine’s autumn spectacle, Casco Bay Custom Charters offers cozy flannel-wrapped adventures aboard vintage vessels,” shares Dyland Suhr from Maine Tour Company. “Enjoy breathtaking views of the colorful coastline with a bottomless mimosa brunch or a sunset dinner prepared by a private chef. This is the perfect opportunity for private groups to make unforgettable leaf-peeping memories on the water.”
Charter a boat for an intimate and private experience, or take the ferry across the bay to Peaks Island for a day of strolling amongst the neighborhood’s fall colors.
“Catch the ferry at Casco Bay Lines,” recommends Kristin from Dean’s Sweets. “The 30-minute trip across the bay is fun all on its own. Get some sun and enjoy the sparkling water and cool air along the way. If you’re lucky, you may see a bald eagle or a harbor seal.”
9. Take a day for everyone to play
“A trip with loved ones to Portland wouldn’t be complete without a visit to the Children’s Museum & Theatre of Maine, the state’s most visited museum and top destination for play located at Thompson’s Point,” says Shultzie Fay Willows, a representative for the museum.
Kids can explore hands-on exhibits like water and air activities, an outdoor playground, and an indoor climbing structure. They can also enjoy cultural displays, aquarium tours, performances at the country’s oldest children’s theater, and creative activities in MakerSpace – all included.
To round out the fall weekend in Portland, Willows is full of all-ages recommendations. “Afterward, paint some pottery next door at Color Me Mine or explore the fascinating International Cryptozoology Museum,” she shares. “For lunch, stop by Bissell Brothers, savor a grilled cheese at Sacred Profane, or enjoy hot dogs and pierogi at Leisure Time. There is something for everyone to do, try, and explore.”
10. Journey to the countryside for a true fall farm experience
A 40-minute drive from Portland, Bowdoinham comes alive in autumn with apple picking, pumpkin patches, and hot cider. This rural town along the Kennebec River is known for its vibrant farming community and fall harvest season.
If you’re looking for beautiful colors, Stonecipher Farm is an organic farm brimming with bright veggies in the autumn months. “The ‘no-till’ approach to vegetable production means a highly organized field system, resulting in an outstanding aesthetic,” claims Ian Jerolmack from the farm. “Folks have said it looks like the king’s garden.”
When you’re done exploring the farm, head back into town and sample from many other local farms at various Bowdoinham fall festivals, where vendors line up with their fresh offerings and handmade crafts.
11. Bring Fido along for the adventure
Portland is known for being an exceptionally dog-friendly city, welcoming four-legged companions in many public spaces and businesses. Numerous restaurants and breweries have outdoor patios where dogs are welcomed with water bowls and treats. The city’s pet-friendly vibe extends to shops, where many local businesses allow well-behaved dogs.
“There are many restaurants and locations that are dog-friendly throughout the city, just make sure to check their pet policy and local leash laws to ensure you and your dog have a great and safe time enjoying Maine’s fall together,” advises Portland pet photographer Gina Soule.
“Enjoying Portland in the fall alongside your four-legged best friend gives you a taste of the very best of Maine,” Soule continues. “From having your dog join you for a stroll along the Eastern Prom, exploring Higgins beach together, to enjoying an adult beverage around a fire on the patio at Maine Craft Distilling, you can’t go wrong with any of the numerous dog-friendly locations Portland has to offer.”
12. Cozy up with a good book
Fall and books are the perfect pair, whether you’re curling up in a chair by a roaring fire or sipping on tea at a local cafe with a book in hand. “Portland has a rich and robust bookish culture, with tons of amazing bookshops throughout the city,” adds Ash Holland, local owner to The Lucky Fox Bookshop.
Local favorites include Sherman’s, which opened in 1896, residing as Maine’s oldest bookstore. Another is Longfellow’s, a classic book shop with the perk of having the occasional feline guest wandering the store, available to adopt if it happens to choose you.
But if you’re after a fun and unique bookshop experience, look no further than The Lucky Fox Bookshop. A traveling and online bookstore, The Lucky Fox is an independently-run business that hosts pop-up shops at hot spots around Portland, and centers their collection around LGBTQ themes, fantasy, and works from marginalized authors. “Check out the event page to see where we’ll be setting up shop this fall and winter; or, explore the online shop to snag your next great read,” advises Holland.
As the weather gets cooler, many bookstores also host special events like author signings, book clubs, and seasonal sales, making bookshop hopping a perfect fall activity for a day in Portland.
13. Prepare to be spooked at a haunted house
A visit to a haunted house perfectly captures the fall mood, blending eerie history with spooky entertainment as the days grow shorter and colder.
While there are multiple haunted houses you can explore around Portland, nothing quite beats The Annual Haunting at the Parsonsfield Seminary. Originally built in the 1800s, its 42 rooms transform into an epic spooky mansion for the ultimate Halloween experience. You’ll be led on a tour through the building’s four floors for a suspenseful storytelling show, guaranteed to give you some scares. Tours are offered only the last two weekends of October, and the seminary changes its act every year for a truly unique time.
While the Parsonsfield Seminary is located an hour out of Portland, it’s more than worth the trip. Make a weekend of it by staying nearby with Backcountry Excursions, where owner Cliff Krolick ensures you get the full fall experience cozying up in one of his yurts or cabins nestled within the woods.
14. Travel off the beaten path on an oyster tour of Portland
“If you’re an oyster lover visiting Portland, be sure to check out the Maine Oyster Trail,” recommends Trixie Betz, an oyster expert.
The Maine Oyster Trail, of which Portland is a major hub, offers activities like farm tours, boat tours, raw bars, shuck trucks, and even kayaking adventures, where you can see oyster farming up close and taste the product directly from the source. It’s a great fall activity that combines education, fresh seafood, and Maine’s scenic coastline.
“Fall is the best time to enjoy oysters, and what better place to do that than in Maine,” shares Betz. “Not only will you enjoy delicious Maine oysters and learn about the industry, you’ll earn prizes along the way.”
The Maine Oyster Tour includes an oyster passport you can use to keep track of the places you’ve visited; the more establishments you check into, the more prizes you earn. The farm-to-table approach of the experience gives you the unique opportunity for direct interaction with Maine’s oyster farms, making the Maine Oyster Trail a perfect fall thing to do in Portland.
15. Escape the chill with local nightlife
Portland’s nightlife changes with the seasons, especially in the fall when outdoor patios stay open with heaters and fire pits. Many places also host seasonal events, from Halloween-themed parties to fall harvest festivals that go into the night. Rising Tide Brewing Company and Oxbow Blending & Bottling have both indoor and outdoor spaces, and you can often find live music or food trucks.
For local music and laid-back vibes, check out the Flask Lounge for nightly live music, dancing, and up-and-coming DJs and bands. “Nestled in the heart of Portland, Flask Lounge is your favorite down-to-earth neighborhood bar,” affirms Flask Lounge owner Jessica Nolette. “Known for its unassuming charm and the city’s most affordable drinks, it truly feels like home.”
If dancing isn’t your thing, cozy up inside an intimate cocktail bar instead. The Portland Hunt + Alpine Club will serve you creative drinks in a sleek, Scandinavian-inspired space. For a warm and vintage vibe, Blyth & Burrows features a speakeasy-style experience, with handcrafted cocktails celebrating the maritime history of Portland.
Whether you’re in the mood for craft beers, live music, dancing the night away, or a more elegant evening, exploring the nightlife in Portland fall will leave you feeling warmer than you started.
Discovering fall things to do in Portland, Maine
There’s truly something special about fall in Portland, Maine. From festive farmers’ markets to cozy cafes and autumnal events, there’s something for everyone to enjoy. Whether you’re a lifelong resident or a first-time visitor, there are a plethora of fall things to do in Portland just waiting to be discovered. So bundle up, head out into the brisk air, and immerse yourself in all the fall fun this enchanting New England city has to offer.
Minnesota, known as the “Land of 10,000 Lakes,” blends natural beauty and city life. If you’re considering a move to this northern state, it’s essential to weigh the pros and cons of living in Minnesota. So, is Minnesota a good place to live? Let’s explore what makes it appealing and some challenges residents face.
Is Minnesota a good place to live?
Life in Minnesota is characterized by its stunning landscapes, friendly communities, and a strong emphasis on outdoor activities. The largest cities, Minneapolis and St. Paul, also known as the Twin Cities, boast a thriving arts scene, diverse culinary options, and numerous cultural festivals throughout the year. Major employers include Target, U.S. Bancorp, and the Mayo Clinic, contributing to diverse job market.
For opportunities to explore the outdoors, Minnesota offers a wealth of activities year-round. In the summer, residents can explore the state’s 10,000 lakes, with opportunities for kayaking, fishing, and swimming. The extensive trail system in parks like the Boundary Waters and the Superior Hiking Trail attract hikers and campers from all over. Whether you’re drawn to the thriving job market, the rich arts scene, or the endless outdoor adventures, Minnesota has something for everyone.
Minnesota state overview
Population
5,706,494
Biggest cities in Minnesota
Minneapolis, Saint Paul, Rochester
Average rent in Minneapolis
$1,649
Average rent in Saint Paul
$1,311
Average rent in Rochester
$1,464
1. Pro: Abundant outdoor activities
Minnesota is a great place to explore. With its 10,000 lakes and numerous parks, you can enjoy various activities year-round. In the summer, fishing, swimming, and boating on lakes like Lake Minnetonka or Lake of the Isles are popular pastimes. As the seasons change, the state’s natural beauty transforms, offering excellent opportunities for hiking in the lush forests, biking on scenic trails, and enjoying the vibrant fall colors. When winter arrives, residents can embrace snowshoeing, ice fishing, and skiing in places like Afton Alps.
Travel tip: Don’t miss the Boundary Waters Canoe Area Wilderness. This stunning location has pristine lakes and incredible opportunities for canoeing, fishing, and camping, making it perfect for a weekend getaway.
2. Con: The winters can be harsh
While the snow-covered landscape can be beautiful, winters in Minnesota can be brutal, with temperatures often plunging below freezing and snow accumulating frequently. This extreme weather can impact daily life, making commuting a challenge and limiting outdoor activities for some. The subzero temperatures can lead to icy roads and increased heating costs, forcing residents to bundle up and invest in winter gear.
3. Pro: Minnesotans are friendly
Minnesotans are known for their friendliness and community spirit, which is evident in the many local events and gatherings throughout the year. Neighborhoods often come together for community events, farmers’ markets, and festivals that celebrate local culture and history. Volunteering is a common practice, and many residents engage in initiatives that support local charities and businesses.
Insider scoop: Attend the Minnesota State Fair in late August to early September, where you can sample iconic local foods, enjoy live music, and experience the best of Minnesota culture.
4. Con: There are plenty of potholes to avoid
One of the more frustrating aspects of living in Minnesota is the prevalence of potholes, particularly during the spring months. The state’s harsh winter weather, with its constant freeze-thaw cycles, takes a serious toll on the roads, leading to an abundance of potholes. These road hazards can make driving less enjoyable and potentially cause damage to vehicles, such as flat tires or misaligned suspensions. In some areas, it can feel like you’re constantly dodging potholes on your daily commute, which can be a significant inconvenience for residents.
5. Pro: Rich cultural scene
The Twin Cities are home to a variety of museums, theaters, and galleries, including the Walker Art Center and the Minneapolis Institute of Art. These institutions host a wide range of exhibits and performances, showcasing local and international artists. Additionally, events like the Minnesota State Fair and the Twin Cities Jazz Festival highlight the state’s rich arts and music scene, offering opportunities for residents to explore and enjoy diverse cultural experiences.
Insider scoop: Take advantage of the Minneapolis Institute of Art, which offers free admission to its extensive collection of art from around the world. This gem not only showcases local artists but also hosts rotating exhibitions.
6. Con: High income taxes
Minnesota has one of the higher tax burdens in the country, which can be a drawback for some residents. State income tax rates can reach as high as 9.85% for those in higher income brackets, and property taxes can also be notable, impacting overall affordability. While these taxes fund essential services like education, healthcare, and infrastructure, they can strain budgets.
7. Pro: Commitment to sustainability
Minnesota is known for its commitment to sustainability and environmental protection. Many cities, including Minneapolis and St. Paul, promote green living initiatives, encouraging residents to adopt eco-friendly practices such as recycling, composting, and using public transportation. The state has also invested in renewable energy sources, making significant strides toward reducing its carbon footprint. Residents often engage in community efforts to protect local ecosystems and support sustainable agriculture.
Insider scoop: If you’re looking to get involved locally, check out Minnesota’s Zero Waste Challenge or volunteer with organizations like Minnesota Water Stewards, where you can actively contribute to keeping the state’s water sources clean and promote conservation efforts in your community.
8. Con: Limited public transportation
While the Twin Cities have a light rail system and bus services, public transportation options in other areas can be limited. Many suburban and rural communities lack comprehensive transit systems, which can make owning a car necessary for getting around. This limitation may be challenging for those who rely on public transport or prefer a car-free lifestyle. As a result, residents may need to budget for a vehicle and associated costs, such as insurance and maintenance.
9. Pro: Relatively lower cost of living in the state
One of the appealing aspects of living in Minnesota is its relatively lower cost of living compared to many other states, particularly in the Midwest. While cities like Minneapolis and St. Paul have seen rising housing costs, they are still more affordable than other major metropolitan areas in the U.S. The average rental rate for a one-bedroom apartment in Minneapolis hovers around $1,400 per month, while in smaller cities like St. Cloud, it’s significantly lower, averaging around $875. This lower cost of living makes Minnesota a good place to live for those looking to stretch their budget.
10. Con: Beware of the ticks
Ticks are a common nuisance in Minnesota, especially during the warmer months from late spring through early fall. These small, parasitic insects thrive in the state’s wooded areas, grassy fields, and even along hiking trails. The risk of tick bites can be a concern, as some ticks carry diseases such as Lyme disease and anaplasmosis. While enjoying Minnesota’s beautiful landscapes, residents must remain vigilant about tick prevention, including wearing long sleeves, using insect repellent, and conducting thorough tick checks.