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PublishedJuly 20, 2022
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.
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PublishedJuly 13, 2022
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.
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PublishedJuly 11, 2022
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.
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PublishedJuly 1, 2022
Auburn notches another banner year for growth
Fiscal year 2022 construction permitting surpasses estimated $74 million.
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PublishedJune 27, 2022
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.
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PublishedJune 23, 2022
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.
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PublishedJune 21, 2022
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.
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PublishedJune 14, 2022
Lewiston officials discuss approaches to housing growth, affordability
As need to bolster housing stock takes center stage, implications of LD 2003 at forefront.
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PublishedMay 15, 2022
Some of Maine’s seasonal businesses are going to extremes to house workers
Tourism-reliant businesses are renting out hotel rooms and private residences to staff, and a few are even building new housing for their seasonal workforce.
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PublishedMay 12, 2022
Mortgage rates edge up, adding hundreds to buyers’ monthly payments
High prices and multiple-offer situations have made it almost impossible for first-time home buyers to purchase property this spring. Rising mortgage rates compound that problem.
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