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This year’s conference, held at the Cross Insurance Center in Portland on Jan. 26, had a crowd of 750-plus attendees, who were there for the showcase and more than a dozen presentations.
Although the real estate industry is dealing with higher interest rates, construction costs, supply chain issues and other challenges, business is still being done, as the recent MEREDA conference showed.
Coming off three strong years, more than 750 attendees at the MEREDA Real Estate Forecast Conference heard mixed news about sectors of the real estate market, with concerns about interest rates, tight inventory and the prospect of a recession.
With rising interest rates and tight inventory, Maine’s residential real estate market is likely to see fewer transactions in 2023 than in the last three years. But mortgage rates might have peaked.