Gov. Janet Mills joined local officials Tuesday at a summit hosted by the Greater Portland Council of Governments focused on finding solutions to the state’s housing shortage.
housing
Posted inBusiness, Local & State, News
Maine home sales finally increased in February, but so did prices
Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.
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Posted inBusiness, Local & State, News
Maine House supports bill that would require landlords to disclose all costs
The proposal, now headed to a Senate vote, would require landlords to provide a written disclosure of all fees and costs before tenants sign a lease.
Posted inBusiness, Local & State
National settlement on real estate commissions likely to have little impact in Maine, experts say
The National Association of Realtors agreed to change its commission structure but real estate professionals say Maine has already been following these rules for years.
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
Augusta rejects new homeless shelter amid concerns for downtown safety
The Planning Board voted unanimously against a plan for a 40-bed homeless shelter after residents and business owners said it would be detrimental to the neighborhood.
Posted inLocal & State, News, Politics
Sen. King co-sponsors bill to help teachers, law enforcement buy homes
The HELPER Act would eliminate both the downpayment and monthly mortgage insurance premium requirements for ‘helpers,’ including firefighters and medical first responders.
Posted inTimes Record
Brunswick pauses fast-tracked developments
Brunswick Town Council paused the fast-tracked review process after the sudden influx of major development cases took advantage of the rarely used ordinance.
Posted inBusiness, Local & State
Outlets at Kittery will be razed and replaced with housing, hotel
The town has been exploring for years how to convert dying retail space into mixed-uses. The project includes a hotel aimed at Portsmouth Naval Shipyard workers.
Posted inBusiness, Local & State
While Maine home prices continue to rise and inventory continues to fall, those trends are slowing
Data from Maine Listings shows the median sales price of a single-family home hit $353,000 in January, up 8.6% from $325,000 in January 2023.