| Foreclosures in Maine
Population:
40th largest U.S. State by population, with 1,318,301 people (2008 estimate). 39th largest state in the country by area, at 35,385 square miles.
Largest city: Portland
Median income:$46,581 (2008 estimate)
Climate:
Yearly rainfall: 43.5 inches per year
Yearly snowfall: 78 inches per year
Temperatures (High/Low) in capital city of Augusta:
January, 27/10; July, 78/60
Foreclosures:
Foreclosure activity for 2009 increased in Maine over the prior year. There was a total of 3,178 properties with filings. That works out to a rate of one filing for every 219 households, which compares to the United States average of 45, and is a little less than one half of one percent of the state’s housing units.
Those figures represent a 11 percent increase over 2008 and a 1,011 percent increase over 2007.
In 2008 there were about 20,600 existing homes (including condos, co-ops, and single-family homes but excluding new homes) sold in Maine, compared to about 25,500 sold in 2007.
Economy:
Maine suffered from the great manufacturing exodus of the 1980’s and its economy hasn't fully recovered to this day. Where other states have grown technology jobs to replace the assembly line work, most of Maine's economic activity comes from government and financial services. The state is renowned for its seafood, particularly lobsters and clams, but those industries make up a very small part of the economy. Maine is also the biggest blueberry producer in North America.
Noteworthy: Portland recently surpassed Boston as New England's busiest seaport.
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