AUBURN — Newly released rankings show a real estate market in Auburn that is sizzling. Maine Life Real Estate Co. of Scarborough compiles a yearly list of communities with the biggest increases in home and condominium sales, pulling data from a listing service operated by Maine Real Estate Information Services Inc. The latest listing shows Auburn […]
housing
Posted inBusiness, News
Portland council decides hotel developers will help fund affordable housing
The city hopes to increase its affordable-housing stock by requiring developers to build low-income housing or pay a $3,806 fee per hotel unit.
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Posted inBusiness
Maine home sales and prices hit record highs in ‘total frenzy’ of 2018
More homes changed hands, and at a higher median price, than in any year since Realtors began tracking the data 20 years ago.
Posted inBusiness, News
Silicon Valley landlord rents $1,500 studio to 2 cats
The inseparable pair are living there for $1,500 a month, a good deal in the Bay Area’s super-tight housing market.
Posted inBusiness, News
Insiders say Maine’s real estate market will likely cool in 2019
Rising interest rates, high construction costs and economic uncertainty are all cited as contributing factors.
Posted inPolitics
Mills releases bonds for senior housing that LePage blocked for 3 years
The $15 million package would create an estimated 200 new affordable housing units, with $500,000 earmarked for home repairs for low-income seniors.
Posted inBusiness, News
Maine home-buying compromised as federal shutdown enters Day 21
Closures of government agencies are starting to affect the part of the housing market that depends on federally backed loans, making buyers, sellers, renters and brokers wary.
Posted inPolitics
Mills to authorize sale of long-stalled senior housing bonds
Approved by 69 percent of voters three years ago, the $15 million in bonds to help finance construction of affordable senior housing units had been held up by Gov. Paul LePage.
Posted inLewiston-Auburn, sj-web
Affordable housing project breaks ground in Auburn
Auburn Mayor Jason Levesque, foreground, speaks Friday during a groundbreaking ceremony for the 36-unit affordable apartment project on Minot Avenue next to Fairview Elementary School in Auburn. Three apartment buildings will include 18 one-bedroom units, 10 two-bedroom units, and eight three-bedroom units built on 3 acres sold by Clover Health Care owner Joe Hogan to […]
Posted inNews
Rwandan woman finds home in Maine with loan for asylum seekers
A new program offers zero-interest loans to asylum seekers who need security deposits to get homes of their own.