The legislative panel will collect data to see how much of a role short-term rentals play in the housing crunch. It also is expected to consider statewide regulation.
housing
Posted inMaine, News
Number of asylum seeking families coming to Portland appears to slow, but many still wait in hotels
It’s also hard to track the numbers now that the city of Portland isn’t involved with as many arrivals.
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Posted inLewiston-Auburn, News
Owner of Gracelawn Road parcel looking to rezone section for residential development
Property owner John Gendron is looking to build a mix of condominiums and single-family homes on 58 acres.
Posted inNews
Market forces make affordable housing a tricky sell in Brunswick area
Local housing experts say financing for affordable housing developments is more complicated to put together than market-rate projects, which contributes to a shortage of cheap housing in the Midcoast.
Posted inBusiness, Lewiston-Auburn, News
Developers await state permit for 96-unit apartment complex off Brickyard Circle in Auburn
While the site plan has been approved, a number of residents and abutters oppose the project due to environmental concerns related to Taylor Brook.
Posted inNews
Interest rate hikes hinder Midcoast homebuyers
Rising interest rates have made it more difficult for prospective new homebuyers to compete in a hot housing market, according to local realtors.
Posted inBusiness, Lewiston-Auburn
Auburn notches another banner year for growth
Fiscal year 2022 construction permitting surpasses estimated $74 million.
Posted inMaine
Workforce housing proposed for Western Avenue in Augusta
The developer of the Stevens Commons site in Hallowell is hoping to build more than three dozen studio and one-bedroom apartments at 99 Western Ave. for people making up to 60% of the area’s average income.
Posted inBusiness, Maine
Many Portland area residents would need to double their income to afford a home
A new Harvard University report illustrates the growing affordability struggle for both homebuyers and renters across the country and in Maine.
Posted inBusiness, Maine
Maine home sales activity is slowing down, but it’s not a buyer’s market yet
May was largely a continuation of existing trends, with home sales down 12% and prices up 15% from a year ago.