Industry leaders made their predictions for 2022 at the Maine Real Estate and Development Association’s annual real estate forecast conference Thursday.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine real estate market continues trend of slower sales, higher prices
Sales eked out a small gain in 2021 while median prices rose more than 16%.
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Posted inBusiness, Nation & World
Security scanners across Europe tied to Chinese government, military
Nuctech has been frozen out of the U.S. for years due to national security concerns, but it has made deep inroads across Europe, installing its devices in 26 of 27 EU member states.
Posted inBusiness
U.S. home sales fall, with available properties at a record low
The demand for homes remains healthy, the group said, with median prices jumping nearly 16% from a year ago to $358,000.
Posted inBusiness, Maine, Uncategorized
Ceremony marks manufacturing’s return to former mill in Madison
Gov. Janet Mills joined executives from Belfast-based GO Lab Inc. and town officials for an event celebrating the imminent launch of wood products manufacturing at the former Madison Paper Industries mill.
Posted inBusiness, Uncategorized
Amazon heads to the mall with prototype clothing store
It’s the latest foray into brick-and-mortar for Amazon, which already sells more than 10 percent of all clothes in the U.S.
Posted inBusiness, Nation & World
Rising inflation tightens squeeze on consumers
Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials and supply chain delays.
Posted inBusiness, Nation & World
Emirates to again fly Boeing 777 to U.S. as 5G rollout slowed
The carrier halted its use of the aircraft over concerns new 5G services could interfere with airplane technology that measures altitude.
Posted inBusiness, Nation & World, News
U.S. jobless claims rise to 286,000, highest level since October
A surge in COVID-19 cases has set back what had been a strong comeback from last year’s short but devastating coronavirus recession.
Posted inBusiness, Maine
Marijuana delivery bill would allow access throughout Maine
A legislative committee held a hearing Wednesday on a bill to allow recreational marijuana stores to deliver to all towns, regardless of whether they allow retail sales.