The rise has driven some Maine home buyers to pull out of the market and others to jump into it.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, News
1,100 Mainers to lose jobless benefits
Automatic federal spending cuts and a lower unemployment rate mean extended benefits fall from 63 to 46 weeks.
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Posted inNews
Explosion rocks Yarmouth, leaves one dead
An apparent propane blast that could be felt for miles kills one man, damages homes and showers debris on a stunned neighborhood.
Posted inNews
Maine unemployment slips to lowest level since November 2008
Maine’s unemployment rate continued to fall in May, to 6.8 percent, the lowest rate since November 2008, according to a U.S. Department of Labor report issued Friday.
Posted inBusiness, News
Maine jobless rate hits 4½-year low
Unemployment rates across the state range from 5.5 percent in Cumberland County to 10.1 percent in Washington County.
Posted inBusiness, News
Bath finds financial boon in $2.8 billion destroyer contract
Business owners and residents in Bath say a $2.8 billion Navy contract awarded to Bath Iron Works on Monday means not only job security for BIW workers but a residual economic benefit for local businesses.
Posted inNews
Turbine generates global recognition
A high school club in Rockport earns one of seven finalist spots in the Volvo Adventure Awards.
Posted inNews
Rainy weather may keep holiday traffic down this weekend
The forecast for a cool, rainy Memorial Day weekend may keep the traffic lower than normal for the start of Maine’s summer tourism season.
Posted inBusiness, News
L.L. Bean’s chairman hangs up his boots
Leon Gorman, 78, steps down after a long tenure of success and is replaced by his nephew Shawn, 47.
Posted inBusiness, News
Maine’s unemployment rate reaches four-year low
Maine’s unemployment rate dipped under 7 percent in April, the first time it has done that since December 2008.