Maine's real estate developers are upbeat about the state's economy. The Maine Real Estate and Development Association - or MEREDA - held its annual real estate forecast conference today in Portland. The group released its so-called MEREDA index, a metric launched last year to gauge the health of the real estate industry. The index ranked 77 - which, after seasonal adjustments, equates to a 1 percent increase over the last six months. MEREDA president Drew Sigfridson says Maine's real estate industry began rebounding last year after several years of recession-led declines. Tom Porter asked Sigfridson to explain what the latest ranking means.
Drew Sigfridson is president of the Maine Real Estate and Development Association. He spoke with MPBN's Tom Porter.
Photo: Chris Paszyc delivers the real estate forecast for central Maine to realtors today in Portland. Photo by Tom Porter.