Do you know how much equity you have in your current home? Your equity is the difference between your current mortgage balance and the price your home would sell for in today’s market. Over the years you gain equity as you pay down your mortgage and home values rise. According to CoreLogic, the average homeowner […]
More than a third (38%) of builders say they built smaller homes in 2023
A bridge loan is a temporary loan that helps “bridge” a gap for you. It can allow you to buy a new home before you sell your old one. You can borrow money based on the equity in your current home to use for the down payment on your new home. Then, when you sell your old home, you can use the money to pay off the bridge loan.
Price history To look at the history of single-family home sales in Portsmouth, New Hampshire I went back 19 years to get a good timeline of what’s been happening with prices. The chart above represents the median sales price of single-family Portsmouth homes from January 2005 through February 2024. The median price means that half […]
What Are Experts Saying About the Spring Housing Market?
We hear questions like this one often these days.
“I’m thinking of selling my home in Portsmouth but the value has increased substantially since we bought it. Will we have to pay a lot of taxes if we sell?”
What Are Some Things My Buyer’s Agent Can Do For Me?
Glad you asked, here are just a few from a very long list:
If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate.
Two big factors are keeping such strong upward pressure on home prices. The first is how few homes are for sale right now.
Home prices are alive and well in Portsmouth, New Hampshire Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies […]
The chart below shows the average sales price for both single-family homes and condos for 2023 compared to the previous two years. There were big jumps in both 2022 and 2023.
New Hampshire Home Price Projections for 2024
81 years ago today, Portsmouth, NH residents heard a news flash on the radio that the Japanese were attacking our Naval base at Pearl Harbor. That marked the U.S. entrance into World War II.
The story below is reposted again with permission from a good friend of mine, and fellow Realtor, Saul Klein, whose father was actually at Pearl Harbor during the attack.
When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts.
If you’re unsure about where home prices are heading, it’s understandable. Some folks, and a lot of news outlets, are saying that prices are going down, but the actual data tells a different story.
