Experts say the 25% tariff on steel and the threatened 25% tax on Canadian goods could increase home prices by up to 10%, undermining efforts to boost housing production and affordability.
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Posted inBusiness, News
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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Posted inBusiness, Local & State, News
Maine home sales, prices jumped again in September
The median home sale price in Maine last month was over $409,000 – another record.
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Nation & World, News
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
Posted inBusiness, Local & State, News
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.