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Maine's Real Estate Industry: New Index Suggests Upbeat Forecast
01/24/2013   Reported By: Tom Porter

The real estate industry in Maine today unveiled a new economic index designed to show the overall health of the property sector, at a glance. It happened at the annual gathering of the Maine Real Estate AND Development Association, or MEREDA, where about 650 commercial real estate professionals gathered to discuss what they regard as the positive outlook for the industry in 2013. The MEREDA index, as it's called, was devised both by industry professionals and by economists and number-crunchers at the University of Southern Maine's Muskie School of Public Policy. Economics professor Charles Colgan from the Muskie School presented the index at the conference, and has been at the forefront of its development. Colgan spoke with Maine Things Considered host Tom Porter and explained why he thinks the MEREDA index is a good idea.

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Maine's Real Estate Industry: New Index Suggests
Originally Aired: 1/24/2013 5:30 PM
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 Duration:
3:12

MEREDA 5

Maine Things Considered host Tom Porter talks with Muskie School economist Charlie Colgan (right, addressing Maine real estate professionals) about the new "MEREDA index," designed to gauge, at a glance, the overall health of Maine's property sector.

Photo by Tom Porter.

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