The median home sale price in Maine last month was $399,250 – a 5% increase over July 2023, but a slight dip from the record high of $406,000 reported this June.
housing shortage
Posted inBusiness, Nation & World, News
Biden administration announces steps to increase housing supply as prices create crunch
The government’s new investments include providing $100 million to support affordable housing financing and other measures.
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Posted inKennebec Journal, Local & State, News
Augusta senior housing project with 34 units moves closer to construction
The $11.3 million project was recently awarded Community Development Block Grant funds and won approval of MaineHousing.
Posted inBusiness, Local & State, News
Maine home sales rise for third month, and prices inch closer to record high
In April, 933 homes were sold in Maine and the median sale price was $382,000, according to data released Wednesday.
Posted inKennebec Journal, Local & State, News
Financing emerges as key obstacle to 250-unit apartment project in Augusta
Meanwhile, the Civic Center Drive site where market rate apartment complex was proposed to target medical workers has been put up for sale for $6.5 million.
Posted inKennebec Journal, Local & State, News
Rental inspection proposal likely dead in Augusta
A proposal from city staff to inspect rental units, aimed at addressing concerns about unsafe housing, failed last week to win the support of the City Council.
Posted inKennebec Journal, Local & 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, Politics
Guns, housing, budget among top issues as Maine Legislature starts second session
Lawmakers return to the State House on Wednesday for the start of the second regular session of the 131st Legislature.
Posted inKennebec Journal, Local & State, News
Augusta Housing seeks to address housing shortage with 3 projects
Planning is underway on three projects to provide more housing in Augusta, though none are expected to be ready before 2025.
Posted inLocal & State, News
They couldn’t find an apartment in Portland. So they got a bus.
But after two years, it hasn’t been the adventurous solution Jeremy and Taylor Michelson had imagined. Their home has been idled outside a U-Haul facility, racking up thousands of dollars in parking tickets.