Towns want and need more housing but say they lack the developers and the money to make it happen.
housing
Posted inBusiness, Maine, News
Can luxury apartments actually help solve Maine’s housing crisis?
Despite pervasive ‘supply skepticism,’ the evidence suggests the answer is yes: As the number of homes grows in an area, prices tend to fall and lower-cost units get freed up. But advocates say it takes time – and there are many hurdles.
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Posted inBusiness, Election 2024, Nation / World, News, Politics
Housing’s worst crisis in decades reverberates through 2024 race
At stake in the next two months are the votes of frustrated homebuyers and renters in battleground states.
Posted inMaine
Waterville fire chief leaving to become state fire marshal
In a surprise announcement Tuesday night, Waterville City Manager Bryan Kaenrath told the City Council that fire Chief Shawn Esler will be leaving his position Oct. 3 to become the new state fire marshal.
Posted inBusiness, Nation / World, News
Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
Signs of waning inflation and a cooling job market have raised expectations the Federal Reserve will cut its benchmark interest rate next month for the first time in 4 years.
Posted inBusiness, Lewiston-Auburn
Commercial and residential building under construction on Main Street in Auburn
Eighteen apartments and two commercial spaces are expected to be completed in 12-14 months.
Posted inBusiness, Election 2024, Nation / World
Harris campaign releases new ad to highlight plans to build 3 million homes and reduce inflation
Her proposal includes the government providing assistance to first-time buyers, tax breaks for homebuilders, and expanding existing incentives for companies that construct rental homes.
Posted inBusiness, Lewiston-Auburn
Photos: Lewiston housing complex coming together
An aerial view of the 82-unit, 8 building project in the heart of downtown Lewiston as construction continues in different phases.
Posted inBusiness, Maine, News
Old Army hospital on Great Diamond Island could become condos
Portland is selling the last city-owned property at Fort McKinley to a developer who plans to restore the building and create 9 condos.
Posted inBusiness, News
Price of typical Maine home hovering around $400,000, but more are hitting the market
The median home sale price in Maine last month was $399,250 – a 5% increase over July 2023, but a slight dip from the record high of $406,000 reported this June.