Portland’s tight residential and commercial markets are pushing eager investors to neighboring communities, with one city approving three permits a day.
housing
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.
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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.
Posted inBusiness, Local & State, News
Short-term rental tensions surge in Portland, and some neighbors just can’t live with it
Portland’s over 700 registered units is more than it expected, sparking neighborhood opposition and talk of heightened regulations by the city.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Absent oversight, condo associations can stymie energy-efficiency goals
Unlike state agencies, the regulatory groups handle complex matters with little guidance on how to do so.
Posted inLocal & State, News
Munjoy Hill conservation district to face test from developer
Tim Wells wants approval to demolish a Montreal Street house that meets the city’s criteria for preservation.
Posted inBusiness, Nation & World
Wells Fargo agrees to $2.1 billion fine for role in subprime mortgage crisis
The government had accused the bank of understating the risk and quality of the mortgages they sold to investors, who then lost billions when half of the borrowers defaulted.
Posted inBusiness, Local & State
Major Portland subdivision moves forward after neighbors drop lawsuit to save farmland
The development on the 55-acre tract once known as Camelot Farm will include as many as 95 single-family homes and 25 townhouses.
Posted inBusiness, Local & State
Median sale price for existing, single-family Maine homes jumps 11%
Sales volume also rises in June, by 3% compared to the same period last year.
Posted inBusiness, Local & State, News
Maine’s rental market among nation’s least affordable, report says
A housing coalition’s annual report places Maine 9th among states where there’s a big gap between what a typical renter earns and what is needed to comfortably afford a 2-bedroom apartment.