Governor Mills and Maine Housing have made the housing shortage a priority, and just announced that construction will begin on 105 new affordable rental units throughout the state of Maine.
Using a formula, new data has revealed a list of the top hot spots in the country where homebuyers are currently searching the most, and New England appears to be the hottest territory in the US.
If you've found yourself in the market to buy or sell a home in or around Portland, Maine, over the last few years, it should come as no surprise that it ranks among the top cities in the country that people want to move to.
New real estate data shows that one coastal Maine neighborhood has become one of the priciest in New England, with a home median price of $1.23 million dollars.
The last couple of years have proven to be a tough time for people to not only buy homes, but to also just find a suitable roof over their heads to rent within their budget. Maine lawmakers agree that this is a problem, and plan to address it at upcoming legislative meeting.
Homebuyers have been frustrated and getting creative over the last few years, as we have seen a real estate market that most have never seen before. Here's what some experts are predicting for 2024.
Homebuyers have been and continue to be frustrated by the current market. Home values, interest rates, and inflation are still on the high end, but before you throw in the towel, you may want to consider one of these New England towns.
Finding an affordable home can often be tricky these days, especially if you're looking for something somewhat close to a bigger city. However, that's not the case in every zip code. If you're flexible with your wants and needs and are willing to live a little further away than you had ideally hoped for, things will likely get a bit easier for you, which leads to me this little hidden gem in NH.
With the current mortgage interest rates hovering over 8.5%, a lot of buyers have either been knocked out of the game or have chosen to wait. With less buyers, homes are not selling as quickly as they were a year ago. However, that is not the case everywhere.