This would be a downturn engineered by the Fed, and rising mortgage rates in a tight market will generally just make buying a home more expensive.
housing
Maine Voices: Lewiston’s proposed shelter moratorium is unacceptable
Lewiston’s mayor calls opposition to efforts to help unhoused people ‘a waste of time.’
With few houses and high prices, buying a Maine home is only getting harder
Some towns have only a few homes available. Some buyers bid and bid and get outbid every time.
RSU 1 hands over old Morse High School building to Bath
Bath officially took over the old high school building on April 1, 14 months after classes moved to a new $75 million school. Later this year, the city council will examine plans to repurpose the building into housing and a new fire station.
Freeport plan would add neighborhood appeal to its downtown
Town officials have hired a consultant and are holding public meetings on a downtown transformation plan that would add more housing and local businesses.
Mortgage rates spike to highs not seen in nearly three years
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.16% with an average 0.8 point.
U.S. rent inflation hits new high, led by Miami with 39% rate
Single-family rental prices jumped 12.6% from a year earlier, according to the latest CoreLogic Single-Family Rent Index.
Legislative panel approves scaled-back affordable housing bill
Housing reformers and home-rule defenders struggled to find middle ground on Maine’s affordability crisis.
The Maine Millennial: A good house is hard to find
The Maine real estate market is rough for anyone without a big income.
Maine home listings pricey and scarce, with mortgage rate hikes on the way
Home prices in the state continued to rise in the first month of the year, while the number of available homes for sale continued to fall.