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Reading the real estate tea leaves: Are we in for a housing bubble in Maine? Between March and May 2021, the median sales price of a house statewide was up almost 22% to $285,000, compared to the same three months last year, according to the Maine Association of Realtors. Share It’s the big question will all of this activity and rising real estate prices lead to a bursting bubble? but State Economist Amanda Rector isn’t watching for one, yet. “The current conditions are different than any pre-Great Recession housing bust,” Rector said. “Mortgage lending is using much tighter credit standards, for example, and, instead, the rapid price increases now are driven largely by an extreme shortage of available housing. The issue I am monitoring is the supply of workforce housing, as low supply could deter people from moving to Maine for work.”

United statesUniversity of maineAndrew crawleyMaine regional economic forecast labUniversity of maine school economicsMaine consensus economic forecasting commissionMaine association of realtorsState economist amanda rectorGreat recessionMaine associationBetween julyஒன்றுபட்டது மாநிலங்களில்பல்கலைக்கழகம் ஆஃப் மைனேஆண்ட்ரூ கிராலிபல்கலைக்கழகம் ஆஃப் மைனே பள்ளி பொருளாதாரம்மைனே ஒருமித்த கருத்து பொருளாதார முன்னறிவிப்பு தரகு