Portsmouth, NH Home Prices: It’s All About Supply and Demand As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of […]
More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans can call their homes their own, a rate that has risen to its highest point in 8 years. We just closed on a sale last week, and the new owners are expecting their first child. They are beyond excited to have a new home to share with their firstborn.
You’ve probably heard that spring and summer are the best seasons for home buying. After all, there’s more inventory on the market, and the warm weather is ideal for showings. However, the ongoing global health crisis has shattered the idea of the “peak home buying season” and left many potential buyers wondering if now is still the right time to make a move.
While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity?
New Hampshire may be reopening retail stores, salons, and golf courses, but social distancing remains extremely important. And our Virtual Home Selling Program makes it easier than ever to achieve your real estate goals… while keeping yourself and those around you safe. Here’s what you need to know about selling on the Seacoast these days.
Thanks to business closures and social distancing restrictions, many of us find ourselves with more time at home, in search of a project to keep us busy. While you could search out an online class or develop a new hobby, if you’ve been thinking of selling your home, you might want to try something a […]
The weather’s getting warmer, summer is (finally!) just around the corner, and we’re all staying at home more than ever before. If you plan on spending your days relaxing in nature, now is the perfect time to give your outdoor space a little upgrade. And if you’re thinking about selling soon, you might even impress […]
Will Home Values Appreciate or Depreciate in 2020? With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each […]
So in answer to the question, “How is the market?” the market is robust now with high buyer demand and also frustrations among those buyers caused by not enough houses for sale. We’re hearing lots of stories from local Realtors about listing a home for sale and getting multiple offers in just a few days, many over the asking price.
Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, most people will become employed again soon.