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PublishedNovember 20, 2024
To improve economy, Maine must address struggling youth and high cost of living, report finds
A prolonged worker shortage is holding back the state economy, according the Maine Economic Growth Council and Maine Development Foundation.
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PublishedOctober 24, 2024
Maine home sales, prices jumped again in September
The median home sale price in Maine last month was over $409,000 – another record.
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PublishedJune 24, 2024
Biden administration announces steps to increase housing supply as prices create crunch
The government's new investments include providing $100 million to support affordable housing financing and other measures.
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PublishedMay 31, 2024
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
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PublishedMay 22, 2024
Maine home sales rise for third month, and prices inch closer to record high
In April, 933 homes were sold in Maine and the median sale price was $382,000, according to data released Wednesday.
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PublishedJanuary 25, 2024
Average long-term U.S. mortgage rate rises to 6.69%, highest level in six weeks
Home loan borrowing costs have been mostly easing since late last year, after the average rate on a 30-year mortgage climbed to 7.79%.
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PublishedJanuary 19, 2024
2023 was slowest year for U.S. home sales in nearly 30 years
Mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans.
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PublishedNovember 2, 2023
Legal scrutiny signals shift in how U.S. homes are bought and sold
A larger class-action lawsuit focused on the same central issue is expected to go to trial in Illinois next year.
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PublishedJuly 20, 2023
Maine home prices remain high, despite increasing inventory
It's not yet clear if the resurging supply of homes for sale will be enough to meet the steadily increasing demand, experts say.
Housing prices
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