The Maine city with one of the nation’s most ambitious housing plans
If Auburn hits its goal to add 75,000 new workers, it would be able to increase its population by 25 percent.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
Maine’s largest city leads Northeast in home equity
Some 52.1 percent of homes in metropolitan Portland were equity-rich in the first quarter of this year — a good sign for homeowners.
Maine has long led New England in homeownership but rising house prices threaten that
For more than 120 years, Maine has led New England in its rate of homeownership, according to U.S. Census Bureau data.
A small population bump forced big changes in this Portland suburb
One big difference in Cumberland’s population is the couples with young children moving into houses formerly occupied by one or two people.
US fishing haul fell 10 percent during 1st pandemic year
The 2020 haul of fish was 8.4 billion pounds, while the value of that catch was $4.8 billion, officials with the National Oceanic and Atmospheric Administration said.
More Mainers turn to cheaper but riskier mortgages with interest rates rising
The overheated real estate market the past couple years was fueled in part by interest rates below 3 percent for 30-year fixed-rate mortgages.
Maine homes are selling nearly a month faster than the national average
In March, the standard Maine home was selling after just nine days on the market, according to the Maine Association of Realtors.
A new restaurant in downtown Old Town is named for a larger-than-life Maine Guide
Ralph “Pepper” Martin is the inspiration for the entire business, from the fresh Maine seafood on the menu to the aesthetic of the interior.
228 acres purchased on MDI sets 25-year sale record
The 228-acre lot, which was assessed for tax purposes at $828,900, sold in March for $855,000.
Maine among world’s top summer Airbnb destinations this year
Maine was ranked eighth on a list of the top summer destinations worldwide based on searches from the first quarter of 2022.
The house $300K will buy you in different parts of Maine
Homes in the $300,000 range sell fast, sometimes the same day, with multiple bidders driving up the list price.
USDA says Maine blueberry growers had a big 2021
Maine is the only state with commercial-scale wild blueberry growers in the U.S. Growers said last year that they felt the crop bounced back from a disappointing 2020, when they harvested less than 48 million pounds.
Vacation home prices in this part of Maine nearly doubled in a year
Second home prices in Cumberland County almost doubled over the past year as cash buyers and remote workers flocked to Maine, snapping up year-round residences in addition to seasonal ones.
$1B CMP hydropower project’s fate rests with Maine supreme court
The state’s high court could give the transmission project new life or spike it for good.
What Airbnbs are actually doing to housing prices around Maine
Studies show a clear trend of Airbnbs decreasing the supply of long-term rentals and likely raising costs of renting and buying.
Haul of Atlantic cod, once abundant, reaches new low
Maine fishermen brought fewer cod to the docks last year than any other in recorded history.
Loading…
Something went wrong. Please refresh the page and/or try again.