May 7, 2025 - 02:38
A new legislative proposal by Speaker of the Maine House, Ryan Fecteau, aims to more than double the existing real estate transfer tax. This significant increase in taxation is designed to generate additional revenue that will be allocated to various programs focused on enhancing affordable housing options within the state.
The proposed bill reflects a growing concern over the accessibility of housing in Maine, as many residents struggle to find affordable living arrangements. By increasing the transfer tax, the government hopes to create a sustainable funding source that can support initiatives aimed at addressing the housing crisis.
Advocates for the bill argue that the funds generated from the increased tax could be pivotal in developing new housing projects and providing assistance to low-income families. As discussions around this legislation continue, stakeholders from various sectors are weighing in on its potential impacts on the real estate market and the broader community.
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
June 22, 2025 - 21:27
This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...
June 22, 2025 - 03:50
The Celebrity Influence: Montecito's Real Estate BoomIn recent months, the serene community of Montecito has experienced a dramatic surge in real estate activity, fueled by a blend of celebrity allure and rising buyer anxiety. Nestled in the...