Nicholas Herold, Broker, Coldwell Banker Realty

https://www.bangordailynews.com/2024/09/04/business/business-housing/crumbling-literary-retreat-maine-island-for-sale-joam40zk0w/

A crumbling literary retreat on a Maine island goes on the market The 18-acre island retreat high above Penobscot Bay was once the summer residence of a famous New England literary couple.

Well yes. We need accessible public transportation.

Maine is still building homes for seniors away from public transit Maine's housing policy players generally agree that seniors need better access to public transportation, but they're less unified on who should pay for it.

Brilliant piece about how we got into our housing mess.

In fight for more housing in Maine, one barrier rises above the rest: Us The state's ongoing housing crisis wasn't caused by one thing, but it has put homeownership out of reach for an entire generation and created ripple effects on the broader economy.

4 Maine homes with prime views at different prices

4 Maine homes with prime views at different prices Finding expensive ones is easy, but if you know where to look, you can find a more affordable one as well.

https://www.mainebiz.biz/article/affordable-condo-development-coming-to-sanford-with-a-modular-approach-from-madison

Affordable condo development coming to Sanford, with a modular approach from Madison The new development utilizes modular components, wood-fiber insulation and financing from MaineHousing.

Affordable condominium project headed for downtown Sanford

Affordable condominium project headed for downtown Sanford The modular condo building and single-family home on Bodwell Street are expected to be completed within 6 months.

The fall guy for America’s loss of innocence

William Calley, Army officer and face of My Lai Massacre, is dead at 80 He was the only person convicted in connection with the 1968 atrocity, in which American troops killed hundreds of unarmed South Vietnamese civilians.

The owner of Maine’s northernmost mall finds success by keeping it local

The owner of Maine’s northernmost mall finds success by keeping it local With new developments, the owner plans to boost business even more by making the mall a community space where people want to hang out.

Price of typical Maine home climbs above $400,000 for first time

Price of typical Maine home climbs above $400,000 for first time 'It was only a matter of time before (Maine) crossed the threshold,' said Paul McKee, president of the Maine Association of Realtors.

What I’m listening to this week

‎The Regenerative Real Estate Podcast: Purpose-Driven Sustainable Housing and Education with Emily Niehaus on Apple Podcasts ‎Show The Regenerative Real Estate Podcast, Ep Purpose-Driven Sustainable Housing and Education with Emily Niehaus - Jul 9, 2024

Biddeford FTW

This city is getting the housing project that a Portland suburb rejected The Biddeford project will be slightly smaller but otherwise identical to the one rejected by two-thirds of voters in wealthy Cumberland, which is 25 miles north.

What I’m listening to this week.

‎E3: Energy & Efficiency With Emily: S6E6: Energy Raven on Apple Podcasts ‎Show E3: Energy & Efficiency With Emily, Ep S6E6: Energy Raven - Jul 3, 2024

Maine's housing inventory is back to 2020 levels

Maine's housing inventory is back to 2020 levels The increase in inventory is a positive turn but is still not enough to meet housing demand in Maine.

Only 3 people entered this home lottery in Maine’s priciest town

Only 3 people entered this home lottery in Maine’s priciest town Despite the need for more affordable housing, just 45 Mainers expressed an interest in the Kennebunkport Heritage Housing Trust contest.

Maine’s new home sharing program opens today

Maine’s new home sharing program opens today The state's partnership with Nesterly, a platform developed in Boston, is intended to pair seniors struggling to stay in larger homes with younger renters.

These 4 numbers show how dire the housing crisis is for everyday Mainers

These 4 numbers show how dire the housing crisis is for everyday Mainers Nearly half of all renting households are at risk of being cost-burdened by housing, the coalition’s report found.

https://boulos.com/maines-midcoast-market-update-2024/?mc_cid=f4494f96c6

Midcoast Maine Commercial Real Estate Market Update - 2024 Maine’s Midcoast region benefitted from relocation trends spurred by COVID and the subsequent run-up in values. Read the full market update.

https://www.bostonglobe.com/2024/06/26/metro/fss-homeownership-federal-program/

Could the best-kept secret to homeownership reside in a 30-year-old federal program? - The Boston Globe The Family Self Sufficiency program is a resource that could help more people buy a home or pay off debt, and yet so few people know it exists.

Despite record-high home prices, we found 4 affordable ones on the Maine market

Despite record-high home prices, we found 4 affordable ones on the Maine market You may have to search farther afield for them or settle for a fixer-upper, but they're there.

https://www.mainebiz.biz/article/maine-ranks-in-top-10-states-for-summer-road-trips

Maine ranks in top 10 states for summer road trips Scenery and "wallet-friendly" attractions helped keep Maine on the WalletHub list of best states for a road trip.

https://www.nytimes.com/2024/06/12/business/distressed-office-buildings-buyers.html?smid=nytcore-ios-share&referringSource=articleShare

For Some Investors, Aging and Empty Office Buildings Aren’t a Bad Thing Bargain hunters are getting office buildings at steep discounts, a sign of the pain in the real estate market.

More housing more better

Lewiston Planning Board approves massive Continental Mill redevelopment The project includes 377 market rate apartments, commercial spaces and restaurant space at the massive mill complex.

“When you see delinquencies rising and foreclosures rising, that means we’re approaching the acceptance stage of the grieving process for office properties — and that’s healthy,” said Rich Hill, head of real estate strategy and research at Cohen & Steers, an investment firm. “But we’re not at the bottom yet.”

Office Building Losses Start to Pile Up, and More Pain Is Expected The distress in commercial real estate is growing as some office buildings sell for much lower prices than just a few years ago.

Facing downtown housing shortages Maine cities look upstairs

Facing downtown housing shortages Maine cities look upstairs These spaces, however, are likely to be market rate to justify the developers’ expenses, and out of reach for middle-income families.

How many? A lot

Maine needs 84,000 new homes in the next 7 years, report finds The study is the first to examine the need for housing both now and in the future, and across all income levels statewide.

Another reason to make sure you’ve dotted the Is, and crossed the Ts

Fraudsters Are Stealing Land Out from Under Owners | Federal Bureau of Investigation Vacant land fraud is happening at an alarming pace in New Jersey and around the country. FBI Newark is working with property owners, realtors, title companies, attorneys, and insurance companies to thwart these fraud schemes.

https://www.bangordailynews.com/2024/05/30/mainefocus/mainefocus-environment/pfas-maine-real-estate-joam40zk0w/

Good work

Brunswick Planning Board approves apartment building plans for Wilbur’s Woods After a tense back and forth among members, the board unanimously decided to accept a revised design for the apartment building.

How do YOU spell NIMBY?

Midcoast town rejects giving away town land for new homes The measure was meant to help address the housing crisis. Opponents questioned giving away the land and how much residents would benefit.