One of the state’s top real estate agents sees slowdown in Maine’s hot market
The real estate market may slow down due to high inflation, declines in the stock market and out-of-state demand.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
There’s a sign of hope for Mainers looking to buy a home
Trends in the national housing market, which generally end up trickling down to Maine at some level, look to be positive news in a state housing market that has shown signs of cooling down.
One of Maine’s biggest employers has closed its Russian subsidiary
Westbrook-based Idexx Laboratories said it is liquidating the Russian subsidiary and ceasing all business in the country.
Maine’s trend of hanging onto homes for decades plays into affordability crisis
Americans, and Mainers, are staying at one property longer and moving less than ever before, putting a crunch on for-sale homes.
Maine’s flourishing 2021 oyster harvest was the most valuable in history
Maine’s oyster fishery is a growing business, and last year, the harvest was the fourth most valuable marine resource in the state.
You can save money buying a foreclosed home, but there are risks
Foreclosures are rising in Maine, creating some bargain real estate, but buyers need to do their homework first.
3 figures showing Portland’s housing progress is far short of demand
New data show that it is too early to tell whether progressive housing changes have actually improved Portland’s ability to meet demand.
Retailers face backlash over cashing in on Juneteenth
Walmart, the nation’s largest retailer, apologized last month after getting slammed for a Juneteenth ice cream flavor — swirled red velvet and cheesecake.
The home of a Maine founding father was bought by a Massachusetts couple
William King’s Bath house, with its well-manicured lawn and distinct Gothic Revival architecture, recently sold for nearly $1 million.
Higher mortgage rates could be good news for homebuyers in Maine
Mortgage interest rates are expected to rise further following an aggressive rate hike by the Federal Reserve on Wednesday, but there is a possible silver lining for prospective homebuyers in Maine.
Fed’s aggressive rate hikes raise the likelihood of a recession
Since 1955 every time inflation ran hotter than 4 percent and unemployment fell below 5 percent, the economy has tumbled into recession.
Production at bedeviled baby formula factory halted by storm
Production for Abbott’s EleCare specialty formula has been suspended, but there is enough supply to meet demand, the company said.
Mainers vented to us at the polls about the ‘ridiculous’ housing market
“I think of people who just have a regular job trying to buy a house, it just seems impossible today,” voter Sally Pachulski said.
Maine is curbing the illegal cannabis market faster than other states with recreational adult-use
New data show that about 15 percent of cannabis purchased by around 2,000 Mainers came from an adult-use store, while 64 percent was purchased from a regulated or legal source.
Tampon manufacturers say they’re working to address reported shortages
That comes on the heels of a baby formula shortage and rising prices on everything from food to clothes to gas — to menstrual products.
Sig Sauer is sued over pistol that critics say goes off by itself
A 53-year-old veteran said his holstered Sig Sauer pistol discharged while he was going down the stairs, tearing through his thigh.
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