BANGOR DAILY NEWS • November 7, 2022
Portland ranked 10th among U.S. cities that prospective homebuyers want to move to, with Boston-area residents topping the list of property searches in Maine’s largest city on the real estate website Redfin. Portland prices may seem high within Maine, but buyers from more expensive areas see them as a bargain. As mortgage interest rates have topped 7 percent, double those over the past couple years, and inflation has eaten into housing budgets, homebuyers are considering a move to a more affordable place. Portland could benefit from a potential inflow of 3,300 people, the highest number of which are from the Boston area.