Purchases of existing single-family homes rose 3.4% in October and the median price hit $215,000, up 4.9%.
housing
Posted inBusiness, Nation & World, News
Mortgage rates remain high, slowing U.S. home sales
Rates are at their highest levels in nearly eight years.
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Posted inLocal & State
Portland landlord appeals $500,000 fine to Supreme Court, saying city should have cracked down sooner
Sulan Chau was fined for code and life safety violations over 2½ years, but her attorney argues that the penalty is excessive because officials waited too long to take action.
Posted inNation & World, News
California’s housing shortage strains budgets, forces families to rent out bedrooms
Salinas, an inland farming community, has been designated one of America’s least affordable places to live, and residents lack faith that politicians understand the reality of the region’s housing crisis.
Posted inBusiness, Local & State, News
Portland housing committee to ask for 6-month moratorium on some short-term rentals
Members decide to ask the City Council to temporarily stop registering new non-owner-occupied units until councilors can come up with tighter regulations on Airbnb-style accommodations.
Posted inBusiness, Local & State
Zoning change approved, paving way for 250 new apartments in Augusta
The city is expected to change the allowance for development on the parcel off Civic Center Drive, which is being eyed for housing aimed at medical workers.
Posted inBusiness, Local & State, News
Portland’s first price-restricted housing unit a tough sell
Some fear a city rule restricting future sales prices in an otherwise booming market may be deterring interest.
Posted inBusiness, Local & State, News
Southern Maine sees building boom as cities bust out permits
Portland’s tight residential and commercial markets are pushing eager investors to neighboring communities, with one city approving three permits a day.
Posted inBusiness, Local & State, News
August continues ‘banner year’ for Maine home sales
Sales volume was up by 6 percent and the median price increased by 7 percent from a year earlier.
Posted inBusiness, Nation & World, News, Politics
Kushner Cos. amassed more than a half-million dollars in unpaid fines
Many of the hundreds of violations over the past five years took place while President Trump’s son-in-law was running the family real estate company.