The median home sold for $399,000 in November, the state’s first sub-$400,000 median since March.
Maine housing
Posted inBusiness, Local & State, News
Is Maine meeting its housing production goals? The state doesn’t know yet.
A 2023 report that identified the need for 84,000 homes by 2030 laid out specific county-by-county production goals, but officials won’t have data until the spring.
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Posted inBusiness, Local & State, News
MaineHousing announces more than 300 affordable apartments for older adults, families
The agency has now financed more than 1,000 units in the last 12 months.
Posted inBusiness, Local & State, News
Maine’s real estate market bucked trend of Northeast decline
More and more homes are hitting the market in Maine, but inventory still remains well below what experts consider a balanced level.
Posted inBusiness, Local & State
The USDA wouldn’t let her give up her house and crushed her with debt
The USDA failed to follow its own guidance for a rural mortgage program, taking years to foreclose on delinquent loans. As a result, 55 Maine borrowers racked up, on average, $110,000 in additional debt before the agency moved to take the homes.
Posted inBusiness, Local & State, News, Politics
Maine lawmakers give mobile homeowners a leg up in park purchases
Legislators passed a bill to give mobile homeowners the ‘right of first refusal’ when their parks go up for sale.
Posted inBusiness, Local & State, News, Uncategorized
Mainers call on lawmakers to protect renters, boost housing production
The Legislature’s Housing and Economic Development Committee heard from renters, advocates, landlords and developers during a daylong hearing on the state’s housing crisis.
Posted inBusiness, Local & State, News
Mobile homeowners back bill to help them fight sales to investors
Maine lawmakers are weighing several bills designed to protect mobile homeowners, including one that would give residents the right of first refusal if their park comes up for sale.