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

5 hours ago in Local

Child Molestation Suspect from Rhode Island Arrested in Maine

Wright was wanted on three counts of first-degree child molestation, and two counts of second-degree child molestation. 

17 hours ago in Local

Barn in Arundel Destroyed in Large Nighttime Fire

Firefighters from Arundel were on the scene for close to four hours

17 hours ago in Local

Portland Farmer’s Market Outdoor Season Starts Saturday

Market organizers are once again matching purchases made through SNAP and EBT.

18 hours ago in Local

12-year-old Skowhegan girl found safe after going missing for 3 days

A 12-year-old Skowhegan girl has been found safe after she was reported missing.

20 hours ago in Local

U.S. Marshals arrest Rhode Island man in Maine for child molestation

A Rhode Island man wanted on five counts of child molestation was arrested in Maine.