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.
housing shortage
Posted inLocal & State, News
Wells overwhelmingly votes to temporarily ban large housing developments
Residents voted by more than a 10-to-1 margin in favor of adopting a 180-day moratorium, which prevents new construction of large projects and limits the expansion of existing developments.
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Posted inTimes Record
New condo development aims to ease Phippsburg housing crunch
Next year, 31 condominiums near Popham Beach will enter the scene.
Posted inLocal & State, News
After 2 long years, couple who lived in a van finally found a place to call home. They thought they’d be there together.
Roger and Jeanie Cannell spent years moving between a van at a highway service plaza, shelters and hotels. They finally found a place to call home. Then he got sicker.
Posted inBusiness, Nation & World, News
Biden administration announces steps to increase housing supply as prices create crunch
The government’s new investments include providing $100 million to support affordable housing financing and other measures.
Posted inOpinion
The Maine Millennial: Immigrants have almost nothing to do with the housing crisis
We need people to come to Maine. And if they come from away – even from far away – so be it.
Posted inBusiness, Local & State, News
Developer proposes 7-story apartment building on Washington Avenue
The project would add over 300 apartments, including at least 80 workforce units, but requires a zoning change to allow for its height.
Posted inBusiness, Local & State, News
Maine home sales rise for third month, and prices inch closer to record high
In April, 933 homes were sold in Maine and the median sale price was $382,000, according to data released Wednesday.
Posted inLocal & State, News
New 260-unit apartment complex approved in Augusta
Development of the market-rate apartments is expected to bring traffic to the intersection of Eight Rod and Old Belgrade roads.
Posted inLocal & State, News
Affordable housing fight builds to a head in Cumberland
An affluent town will decide next month on the fate of a 107-unit development that supporters say is sorely needed. Detractors say it will have an outsized impact on taxes.