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While there are plenty of challenges this year — including higher interest rates, continued high construction and materials costs and the threat of recession — most of the larger construction companies have work booked well into next year.
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.
Maine Arts Academy bought 310 Cony Road in Augusta from Maine Veterans’ Homes for $3.25 million.
"MEREDA Matters" is an audio show that promises "to highlight the people, stories and relationships behind the responsible real estate development happening in Maine."