The limited selection of homes on the market last month sold for 25% more than in April 2021.
housing
Posted inLocal & State, News
Biddeford approves development agreement for 216-unit apartment complex
The developer, Devine Capital LLC, will give the city $500,000 to invest in affordable housing projects.
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Posted inTimes Record
Gov. Mills calls for housing expansion during Bath visit
Gov. Janet Mills discussed labor, housing and inflation with local business owners during a visit to Bath Monday afternoon.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Let’s try to keep Maine’s housing problems from getting worse
As the state tries to increase the supply of affordable housing, investors are jacking up the rents in existing affordable apartments.
Posted inBusiness, Local & State, News
Some of Maine’s seasonal businesses are going to extremes to house workers
Tourism-reliant businesses are renting out hotel rooms and private residences to staff, and a few are even building new housing for their seasonal workforce.
Posted inBusiness, Nation & World, News
Mortgage rates edge up, adding hundreds to buyers’ monthly payments
High prices and multiple-offer situations have made it almost impossible for first-time home buyers to purchase property this spring. Rising mortgage rates compound that problem.
Posted inLocal & State, News
Watch: Fire destroys 122-year-old Farmingdale house under renovation to be sold
The Northern Avenue home, owned by John Jaques of Keller Williams Realty, was under renovation and nearing completion as a four-bedroom, two-bathroom home.
Posted inLocal & State, Uncategorized
Maine launches $50 million homeowner assistance fund
Benefits of up to $25,000 per household will be available for those who are at risk of losing their homes due to COVID-related financial hardships.
Posted inBusiness
Mortgage rates are rising, but the hot housing market is slow to cool
As the Federal Reserve raises interest rates, experts say there are some signs the market is responding. But there’s a long way to go.
Posted inAmerican Journal, Forecaster Opinion, Lakes Region Weekly
Mainewhile: Housing solutions for New Mainers a top priority
In recent years, Maine has become a haven for people fleeing conflict and violence in their home nations. Naturally, it would be ideal if there simply were no wars or famines and no one ever in such a situation. However, life is often hard and so I think it is wonderful that we are offering […]