Thousands of the state’s households spend over half their income on rent.
housing
Posted inBusiness, Nation & World, New England
Mortgage brokers are hiring like mad to handle demand as rates plunge
Some brokers predict rates for a 30-year fixed loan could drop to 3.5 percent and stay there much of the year.
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Posted inBusiness, Local & State, News
Maine housing market’s record-breaking year left many would-be buyers out in the cold
Sales of single-family homes in December surged by 23% over 2018, boosting both sales volume and the median sale price to new highs in 2019. And demand is even higher.
Posted inBusiness, Local & State, News
Feds award nearly $14 million in grants to fight homelessness in Maine
Some of the Housing and Urban Development funds also will be used to connect residents with affordable housing programs and services.
Posted inBusiness, Local & State, News
The decade in Maine business and economy
From the depths of the Great Recession, Maine’s economy began a steady rebound that has allowed some industries to flourish despite a growing worker shortage.
Posted inEditorials, Opinion
Our View: Loneliness a problem year-round for many seniors
In an aging and rural state like Maine, the problem is particularly striking.
Posted inBusiness, Local & State
Prices of Maine homes continued to climb in October
Median prices rose 4.6 percent to $224,900, while the volume of sales ticked up only slightly over October 2018 sales.
Posted inBusiness, Local & State, News
Energy efficiency remains the improbable dream
Weatherizing Maine’s older home stock is critical to meeting the state’s ambitious goals to cut emissions, but high costs and an insufficient workforce put that reduction out of reach.
Posted inBusiness, Local & State, News
Portland housing report shows progress, but gap in affordability persists
City policies have boosted the amount of new housing in the city, but rents and home prices remain unaffordable for about half the city’s residents.
Posted inKennebec Journal, Local & State
Augusta Housing Authority seeks to develop apartments on city-owned site
A city park, Macomber Park, now occupies the Gage Street lot.