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2024 Maine Economic Outlook

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Amanda Rector - Maine State Economist at The Department of Administrative + Financial Services

The U.S. and Maine economies ended 2023 on a solid footing and are starting 2024 with an expectation of declining inflation and interest rates paired with a slower pace of employment growth that avoids recession. [...]

Coffee's On Us 2024!

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Coffee's On Us returns on Friday, September 10th from 8:30am - 9:30am, join us as we pay-it-forward and help inspire more good deeds through this small act of kindness.

Stop by one these participating coffee shops and a Portsider will treat you to a small cup of coffee!

 

Bath:

The Maine Design Company [ Jessie Graham ]

Biddeford:

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2024 Real Estate Forecast

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Interest Rates: Expect continued moderation, facilitating more transactions compared to 2023.

Home Prices: Anticipate a 3-5% increase in home prices.

Out-of-State and Second Home Demand: Foresee this segment contributing to 30% of the market.

Growth Areas: The northern and western regions of southern coastal Maine will continue to grow, potentially leading to affordability challenges for [...]

Portside's 2023 Annual Report

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Just Released: Portside’s 2023 Annual Report 

Residential real estate was a hot topic in 2023!  Despite the surge in mortgage rates, home prices continued to rise across Maine. This caused many potential home buyers to slow their searches compared to previous years as their budgets had to be adjusted due to increased interest rates aimed at [...]

2023 1% Back to Maine Grant Recipients

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We are thrilled to share an update on the allocation of our grant funds for the year! We dedicated our resources to support organizations addressing systemic challenges in Maine, including education, generational poverty, affordable housing, substance abuse, limited access to medical care, and food insecurity. In 2023, we were able to [...]

Community Spotlight: The Center for Grieving Children

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The Center for Grieving Children is a nonprofit organization that provides a safe space, loving peer support, outreach, and education to grieving children, teens, young adults, families, and the community. With services in Portland, Sanford, and virtually, the Center provides services at no cost that are led by dedicated and highly trained [...]

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