The BDN is exploring Maine’s housing crisis from every possible angle, from how it affects home prices, to what it means for Mainers across the state. Read our ongoing coverage here and fill out this form to tell us what you want to know. The number of homes for sale nationwide climbed in May over the previous year for the first time since 2019, a national trend that may reverberate throughout Maine’s housing market. A typical day in May saw 516,000 homes for sale, 38,000 more than in May 2021, according to a report released this week by Realtor.com.

Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • More Mainers struggling to afford homes as home prices climb
    According to the Maine Economic Growth Council, last year, 83 percent of households in Cumberland County were unable to afford a median price home, and prices are continuing to climb. The October ...
    11/23/2024 - 10:07 am | View Link
  • Fewer Mainers can afford homes as prices soar
    That is more than 5 percent higher than October of 2023 and comes on the heels of a report earlier this week from the Maine Economic Growth Council, which showed the number of Mainers who can't afford ...
    11/22/2024 - 1:49 am | View Link
  • The parts of Maine where almost nobody can afford a home
    Maine was unaffordable to 79 percent of households across the state last year, according to a Maine Development Foundation report.
    11/21/2024 - 8:25 pm | View Link
  • 3 Maine counties now have median home price over $500,000
    The state’s ongoing inventory shortage, coupled with the high demand for single-family homes, has led to a record-breaking year for home prices in Maine. The median sale price in October was $395,000 ...
    11/20/2024 - 11:00 am | View Link
  • Bangor nonprofit hopes to build 60 tiny homes for people experiencing homelessness
    The project, Homeful Village, would be located on Cleveland Street in Bangor—the same location as the city's largest homeless encampment that's slated to be closed.
    11/19/2024 - 11:56 am | View Link
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