Title

Welcome to the Wild Wild World of Maine Real Estate

Source

Down East

Date

3-2021

Pages

54-62

Abstract

Charts, infographics, and a series of articles on Maine's current real estate market which had reached historic highs even before the COVID-19 pandemic hit. During the pandemic, sales volumes and home prices soared to even greater heights. One piece looks at the relationship between locals and out-of-staters, many of whom are buying homes and out-pricing locals, while fears of the virus being brought in have sparked even more divisions between Mainers and those "from away," despite the state's need for in-migration to replace people aging out of the workforce. Another piece explains why new construction is not a feasible answer in Maine to the housing shortage. Finally, yet another segment features four Maine real estate authorities who try to predict what lies ahead for the market.

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