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August 5, 2024 Edition
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2024 Women to Watch Honorees

Now in their 15th year, the Mainebiz Women to Watch awards honor women who have demonstrated leadership in wide-ranging sectors of business, health care and the nonprofit world. Mainebiz has recognized more than 75 leaders this way. We're acknowledging six in 2024 — individuals who have had an impact from Caribou to Skowhegan to Portland and throughout Maine.

Today's Poll

Do you rent or own a home?
Poll Description

Maine's housing shortage is fueling the cost of buying a home. In March, Maine's median home price was $381,500, up 9% from a year ago, according to Maine Listings. In Cumberland County, including the Portland area, the median sales price was $565,000 last month. 

Higher prices are also putting pressure on the rental market. Young people, singles and families new to Maine are looking to get rentals, but so are potential home buyers who can't find a home in their price range. Higher interest rates are also an issue.

As a place to rent, Maine ranks No. 13 in the U.S., with average monthly rents reaching $1,971, according to a new Ipsos iSay survey of American renters.

With so many people shut out of buying a home, we're curious what alternatives people are finding. 

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