Signs of waning inflation and a cooling job market have raised expectations the Federal Reserve will cut its benchmark interest rate next month for the first time in 4 years.
housing
Posted inBusiness, Election 2024, Nation & World
Harris campaign releases new ad to highlight plans to build 3 million homes and reduce inflation
Her proposal includes the government providing assistance to first-time buyers, tax breaks for homebuilders, and expanding existing incentives for companies that construct rental homes.
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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 inSouth Portland Sentry
33-unit senior housing development proposed in Cape Elizabeth town center
The development would require zoning amendments and the council voted unanimously to send the matter to the Planning Board for review.
Posted inBusiness, Local & State, News
Federal housing voucher program on pause in large swaths of Maine
MaineHousing, which issues one-third of vouchers in the state, and housing authorities in Portland, Westbrook and Brewer have been forced to pause Section 8 vouchers after using up their allotments.
Posted inAnimals, Life & Culture, Local & State
Gulf of Maine lobsters are experiencing a housing crisis
While lobster populations have declined recently, decades of growth in the Gulf of Maine have led to changes in the animals’ habitat, scientists say.
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.
Posted inBusiness, Local & State, News
Eviction filings are down in Maine, but threat is still high
Observers disagree over whether the data signal an abatement in the housing crisis or if the numbers fail to include ousted tenants who don’t end up in court.
Posted inBusiness, Local & State, News
Yard South developer files for rezoning of South Portland waterfront property
The designs are not final, but the controversial height of the buildings was scaled back from a maximum of 18 stories to 13 stories.