Despite pervasive ‘supply skepticism,’ the evidence suggests the answer is yes: As the number of homes grows in an area, prices tend to fall and lower-cost units get freed up. But advocates say it takes time – and there are many hurdles.
Hannah LaClaire
Staff Writer
Hannah LaClaire is a business reporter at the Portland Press Herald, covering Maine’s housing crisis, real estate and development, entrepreneurship, the state's cannabis industry and a little bit of everything else. Before joining the Press Herald in 2021, Hannah covered the town of Brunswick for The Times Record. In her free time, she enjoys reading, running and weekends up at camp. She lives in Springvale with her husband and daughter, their dog and two tuxedo cats.
Posted inBusiness, Local & State, News
Maine investigating moldy cannabis that led to state’s first recall
Cannabis Cured, the cultivator and retailer that sold the contaminated products, maintains that its samples passed an initial round of state-mandated testing.
advertisement
Posted inBusiness, Local & State, News
Maine foliage expert predicts vibrant display ‘for the record books’
The state’s leaf-peeping season kicked off this week with the first foliage report of the fall from the Maine Department of Agriculture, Conservation and Forestry.
Posted inBusiness, News
Developers pitch second condo complex with accessory dwelling units in Portland
GreenMars Real Estate is pioneering a housing model made possible by a state law that encourages denser development.
Posted inBusiness, News
State’s highest court favors ‘squatter’s rights’ in Old Orchard Beach parking dispute
Two beachfront condos have argued for more than 30 years over who has the right to a single parking spot.
Posted inBusiness, Local & State, News
Old Army hospital on Great Diamond Island could become condos
Portland is selling the last city-owned property at Fort McKinley to a developer who plans to restore the building and create 9 condos.
Posted inBusiness, News
Price of typical Maine home hovering around $400,000, but more are hitting the market
The median home sale price in Maine last month was $399,250 – a 5% increase over July 2023, but a slight dip from the record high of $406,000 reported this June.
Posted inBusiness, News
Bigelow lab receives $7 million for algae research, business development
The Boothbay lab will use the National Science Foundation grant to build the Maine Algal Research Infrastructure and Accelerator in a bid to unlock more ways macroalgae and its microscopic counterpart can be used and ultimately marketed.
Posted inBusiness, Local & State, News, Schools and Education
MDI Bio Lab gets $19 million to boost Maine’s biomedical research, workforce
The federal grant will fund the renewal of the Maine IDeA Network of Biomedical Research Excellence program, a collaboration between 17 educational and research institutions, for another 5 years.
Posted inArts & Entertainment, Business, Local & State, News
Maine Public to move Portland studio, build event space at old Public Market
Maine Public purchased the building at 320 Cumberland Ave. for $20 million.