News

New data sheds light on housing in Maine

New data sheds light on housing in Maine

Photo: clipart.com


Data shows that more than 1 in 5 single-family homes in Maine are being purchased by investors.

According to the Bangor Daily News, the findings come from CoreLogic, a California-based firm that tracks real estate data.

It’s a trend that picked up nationwide during the pandemic and has continued amid a housing crisis.

According to a state-sponsored report released this month, short-term rentals make up more of the state’s seasonal homes than in previous years.

The same report found that Maine needs to create between 76,000 and 84,000 homes by the year 2030 to keep up with current and future housing demand.

Latest Headlines

1 hour ago in Local

Mills Briefly Posts/Deletes Video Announcing Senate Run

Fresh

Axios first reported Mills would likely announce her Senate run in the upcoming week.

2 hours ago in Local

Maine Man Shot By Deputy After Chase

Androscoggin County Deputies say they tried to arrest a man on an existing felony warrant

4 hours ago in Local

Biddeford Motorcyclist Arrested going 114 in 40-MPH Zone

A Biddeford motorcyclist was arrested Saturday night after deputies clocked him going almost three times the speed limit in Arundel.…

15 hours ago in Local

Brewer woman accidentally shot during northern Maine hunting trip

31-year-old Amber Oaks was taken to a hospital in Caribou where wardens said she is getting surgery to clean the wound.

2 days ago in Local

New report suggests Maine already/will soon be in a recession

Credit rating company Moody's reports that the current economic problems are driven largely by a mixture of slowing immigration, increasing tariffs, and federal job cuts.