Stories Related to Housing Prices Rising Thousands Of Dollars a Month Across Maine

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. Home prices are continuing to spike across Maine, with a typical community seeing homes go up in value by more than $2,000 in just one month, according to newly released Zillow data. It is another costly increase of homes in a market that has become increasingly expensive, fueled by the scarcity of housing and unprecedented demand from both those in Maine and across the region.

Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • Americans are giving up their mortgages to 'rent forever' in larger homes with lower monthly costs
    Analysts warn that the trend will only drive prices higher for those determined to buy ... Chelsey and Spencer Marks had just spent thousands of dollars on repairing the air-conditioning at their ...
    06/13/2024 - 10:39 am | View Link
  • Inflation levels remain unchanged in May, brings 2 percent target into focus
    Inflation remained relatively unchanged in May, according to the latest inflation report. Here's what that means for interest rates.
    06/13/2024 - 6:38 am | View Link
  • American baby boomers are sitting on a mountain of real estate wealth — is it safe to count it toward retirement savings?
    B aby boomers own the largest portion of housing value nationwide. Data from the Federal Reserve shows total real estate wealth in the fourth quarter of 2023 was $44.84 trillion, with boomers claiming ...
    06/12/2024 - 11:50 pm | View Link
  • What sky-high borrowing costs mean for you and your money
    The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.
    06/12/2024 - 11:00 pm | View Link
  • U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%
    the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May ...
    06/12/2024 - 2:30 am | View Link
  • More

 

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