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New index predicts 'slow, steady' recovery for Maine real estate

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PORTLAND, Maine — A new measure of Maine’s real estate industry shows the market still has a long way to go before it recovers from the impact of economic recession, but is beginning to make headway.

PORTLAND, Maine — A new measure of Maine’s real estate industry shows the market still has a long way to go before it recovers from the impact of economic recession, but is beginning to make headway.

In a May 22 conference at Holiday Inn by the Bay, the Maine Real Estate and Development Association and the University of Southern Maine introduced the MEREDA Index, a 100-point scale that measures residential and commercial real estate activity. ...see original coverage...