Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.
housing
Posted inBusiness, Maine, News
Maine House supports bill that would require landlords to disclose all costs
The proposal, now headed to a Senate vote, would require landlords to provide a written disclosure of all fees and costs before tenants sign a lease.
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Posted inBusiness, Maine
National settlement on real estate commissions likely to have little impact in Maine, experts say
The National Association of Realtors agreed to change its commission structure but real estate professionals say Maine has already been following these rules for years.
Posted inMaine, News, Politics
Sen. King co-sponsors bill to help teachers, law enforcement buy homes
The HELPER Act would eliminate both the downpayment and monthly mortgage insurance premium requirements for ‘helpers,’ including firefighters and medical first responders.
Posted inBusiness, Maine
While Maine home prices continue to rise and inventory continues to fall, those trends are slowing
Data from Maine Listings shows the median sales price of a single-family home hit $353,000 in January, up 8.6% from $325,000 in January 2023.
Posted inBusiness, Nation / World, News
How the housing industry is working to stop energy-efficient homes
Boosting the energy efficiency of new homes often increases upfront costs, but the builders appear to be inflating the numbers.
Posted inLewiston-Auburn, News
Lewiston council selects different operator for Calvary church warming center
Councilors selected the nonprofit Kaydenz Kitchen in Lewiston to operate the center at Calvary United Methodist Church, a day after Auburn officials voted to fund the proposal by Immigrant Resource Center of Maine, also in Lewiston.
Posted inBusiness, Lewiston-Auburn, News
Lewiston’s Martel School demolition set for the spring
Lewiston Housing plans to build 44 units of senior housing at the Lisbon Street site.
Posted inBusiness, Maine, News
Maine high court ruling corrects foreclosure loophole; critics say it weakens homeowner protections
Previously, if a lender made a mistake when sending a default letter to a borrower, the mortgage was deemed unenforceable, leaving the borrower with a free house.
Posted inNews
Brunswick development to offer $325,000 houses, affordable apartments
The developer GreenMars is planning to build 21 houses and an 18-unit apartment building near downtown Brunswick that will be income-limited.