Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.
housing
Posted inBusiness, Local & State, News
Maine House supports bill that would require landlords to disclose all costs
The proposal, now headed to a Senate vote, would require landlords to provide a written disclosure of all fees and costs before tenants sign a lease.
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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 inBusiness, Local & State
National settlement on real estate commissions likely to have little impact in Maine, experts say
The National Association of Realtors agreed to change its commission structure but real estate professionals say Maine has already been following these rules for years.
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 inKennebec Journal, Local & State, News
Augusta rejects new homeless shelter amid concerns for downtown safety
The Planning Board voted unanimously against a plan for a 40-bed homeless shelter after residents and business owners said it would be detrimental to the neighborhood.
Posted inLocal & State, News, Politics
Sen. King co-sponsors bill to help teachers, law enforcement buy homes
The HELPER Act would eliminate both the downpayment and monthly mortgage insurance premium requirements for ‘helpers,’ including firefighters and medical first responders.
Posted inBusiness, Local & State
While Maine home prices continue to rise and inventory continues to fall, those trends are slowing
Data from Maine Listings shows the median sales price of a single-family home hit $353,000 in January, up 8.6% from $325,000 in January 2023.
Posted inLocal & State, News
Rockland seeing an increase in houses being condemned
The actions come after the city has received complaints, often from neighbors, about unsafe living conditions.
Posted inKennebec Journal, Local & State, News
Committee’s recommendation calls for scrapping Augusta rental housing inspection proposal, annual fees for landlords
However, councilors did not vote on the issue at Thursday’s informational meeting.