The number of sales fell by double digits, and the median sale price increased by about the same percentage. Mortgage rates are climbing and could be a wild card.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Here is how steep Fed rate hikes affect your finances
Interest rate increases intended to stem inflation are making it increasingly costly for consumers and businesses to borrow – for homes, autos and other purchases.
advertisement
Posted inBusiness, Nation / World
‘Art of the steal’: Trump accused of vast fraud in New York suit
Meanwhile, the Trump Organization is set to go on trial in October in a criminal case alleging that it schemed to give untaxed perks to senior executives.
Posted inBusiness, Nation / World, News
U.S. home sales slipped, prices grew more slowly in August
Sales of previously occupied U.S. homes slowed in August for the seventh month in a row.
Posted inBusiness, Nation / World, News
Walmart to hire 40,000 mostly seasonal workers for holidays
The nation’s largest retailer and largest private employer said it’s in a stronger staffing position heading into the holidays than last year and is now focusing on hiring only seasonal workers, rather than permanent workers.
Posted inBusiness, Noteworthy
Gideon Asen law firm moves to Auburn
AUBURN — Gideon Asen, a law firm specializing in medical malpractice and catastrophic personal injury cases, has moved to Auburn from New Gloucester. The firm is on the fourth floor of 95 Main St., in the offices formerly occupied by Skelton Taintor & Abbott. The firm’s founding partner, Ben Gideon, is widely considered the premier plaintiff’s […]
Posted inBusiness, Noteworthy
Hancock Lumber named a Best Place to Work for 9th consecutive year
Hancock Lumber announced it’s been named a Best Place to Work in Maine for the ninth consecutive year. “This is such exciting news — number nine is just as rewarding, if not more so, than number one,” chief executive officer Kevin Hancock said in a companywide email. “To be able to sustain this employee experience […]
Posted inBusiness, Noteworthy
Lisa Ardia promoted to associate director of media at Rinck Advertising
LEWISTON — Lisa Ardia has been promoted to associate director of media at Rinck Advertising in recognition of her continued efforts to expand Rinck’s media capabilities and bring exceptional innovative solutions to clients. Ardia first joined Rinck in 2012 as a member of the digital development department and made the transition to the media team […]
Posted inBusiness, Noteworthy
Sierra Lemieux joins Fontaine Family real estate group
AUBURN — Fontaine Family real estate announces the addition of Sierra Lemieux to its team in Auburn. Lemieux grew up in Lewiston and attended Lewiston High School and Central Maine Community College. She holds an associate brokers license and has been a highly successful realtor since 2017 by developing strong, lasting relationships with her clients. […]
Posted inBusiness, Noteworthy
UMF recognized for quality and affordability by the 2022-2023 U.S. News & World Report Best Colleges rankings
FARMINGTON — The University of Maine at Farmington announces it has been recognized for its quality and affordability by the 2022-2023 U.S. News & World Report Best Colleges rankings. It is ranked a top 10 college in four categories within its Carnegie classification. The recently released national rankings named Farmington No. 5 in Top Public Colleges, No. […]