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Story Archives of 'Real Estate'
December Housing Market Stays the Path
By Jon Greenberg on Monday, January 11, 2010.The New Hampshire housing market in 2009 ended with more homes sold than the year before but with prices still falling.
According to the latest figures from the New Hampshire Association of Realtors, December followed the pattern of the previous months. Statewide, the number of homes sold rose over 17 percent compared to December a year ago. The median price for a home was about 2 percent cheaper.
Huge Surge in November Homes Sales
By Jon Greenberg on Tuesday, December 15, 2009.The number of homes sold in New Hampshire shot up 70% in November. Analysts say the trend is very good but they remain cautious.
More than 11 hundred homes changed hands last month, a huge increase compared to November a year ago when only about 700 homes were sold. Russ Thibeault with Applied Economic Research says these number are better than expected and he explains them in one word. Affordability.
THIBEAULT: In a lot of New Hampshire Housing markets, it’s cheaper to own than rent right now.”
Relief for Long Term Unemployed; Another Boost for Homebuyers
By Jon Greenberg on Thursday, November 5, 2009.With hundreds of thousands of jobless people about to run out of all benefits, congress has moved to extend unemployment benefits by 14 weeks nationwide for those whose relief has run out, and up to 20 weeks in states — 26 currently — where the unemployment rate is over 8.5 percent.
For the moment, the extra 14 weeks is the number that applies in NH.
The legislation also continues the $8,000 tax credit for first-time home buyers for another five months. It creates a new $6,500 tax credit for certain homeowners who want to buy another home.
January Home Prices Rise
By Jon Greenberg on Tuesday, February 16, 2010.Home prices in New Hampshire did something in January that they haven’t done in a long while. They went up.
The median price of a single family house rose 7.5% compared to January a year ago. Of course, prices fell throughout 2009 but even looking back just two months, prices in the new year inched up nearly 3%.
The median price is now $215,000.
Monika McGillicuddy, president of the New Hampshire Association of Realtors which released the latest figures, calls this excellent news all around.
Senior Housing Economist Dr. Elliot Eisenberg
By Laura Knoy on Wednesday, October 28, 2009.The senior housing economist for the National Association of Homebuilders says local housing regulations are driving up prices, pushing citizens away from central hubs and creating more sprawl. Dr. Elliot Eisenberg is visiting New Hampshire this week and he joins us to talk about the state of homebuilding in New Hampshire.
Guest
- Dr. Elliot Eisenberg, Senior Economist for the National Association of Homebuilders
August Homes Sale: A Mixed Picture
By Jon Greenberg on Friday, September 18, 2009.The New Hampshire Association of Realtors is delighted that they now have three consecutive months in which they’ve beaten last year’s numbers. The number of homes sold Aug 09 was 4% higher than in Aug 08. Association president Paul Sargeant said we’re looking at a significant comeback from the worst months at the start of 2009.
That said, realtors are still a bit cautious. The number of homes sold in August was actually lower than in July ( 1169 down to 1096) and home prices are still about 6% down from this time in 2008 when prices had already been falling for awhile.
College Students' Take on the Economy
By Jon Greenberg on Friday, September 18, 2009.August home sales had a modest gain compared to August a year ago. NHPR’s Jon Greenberg has the details in his weekly take on the state’s economy. It’s part of our ongoing series called Working It Out.
July Housing Market: Sales Slightly Up, Prices Slightly Down
By Jon Greenberg on Thursday, August 13, 2009.According to the latest numbers from the New Hampshire Association of Realtors, there were about 60 more sales this July than there were in July a year ago. That makes two months in a row of modest increases. It’s not much but it’s enough to encourage association president Paul Sargeant.
“ One month does not make a market, Two months doesn’t. But from an activity standpoint, the results are starting to be more positive.”
Empty Office Space
By Zach Johnk on Wednesday, August 12, 2009.
U.S. businesses have been hit hard by the global recession —- workers laid off, hours cut back. But what happens to all those empty offices?
Some companies have decided they don’t want these “ghosts of prosperity past” serving as reminders of the hardships they now face. So they’re offering the space for free.
A Foreclosure With a Happy Ending?
By Jon Greenberg on Friday, July 17, 2009.In this week’s economic round-up, the focus is on housing, small business loans, and a foreclosure story that’s on track to a happy ending.
NHPR’s resident economy tracker, Jon Greenberg, has more.
