The collapse of these banks and the subsequent rapid drop in interest rates have led to a decrease in mortgage rates, as they typically align with the 10-year treasury. We’re now seeing mortgage rates below 6%—a significant reduction that could save you over $200 a month on the average home in the NH Seacoast
Now that 2022 is over, we can look at the past year’s real estate activity and predict what 2023 might look like The chart below shows single-family home sales in Portsmouth for 2022. The median price ended at $730,000, an 8.2% drop from 2021. On the other hand, Portsmouth condos enjoyed a sizable increase in […]
Here is the Portsmouth, New Hampshire Real Estate Update for November 2022. Let’s take an in-depth look at the numbers and what they mean. The chart above is an overall look at the single-family home statistics. The median sales price is up almost 20% to $750,000. 157 sales year to date, and as the line […]
August 2022 Real Estate Report, Portsmouth, New Hampshire
The August median sales price for a Portsmouth home was $750,000, up 21% from the same month in 2021.
Why It’s Still a Sellers’ Market As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know this market is still anything but […]
Two Reasons Why Today’s Portsmouth and NH Seacoast Housing Market Isn’t a Bubble You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate […]
One thing you have to keep current on as a Realtor is monthly indicators. Here are the latest numbers for April 2021 compared to the same time in April 2020 and the year-to-date numbers. Here is the picture for New Hampshire real estate in April 2021. In the statistical chart above, one thing we watch […]
Key Takeaways: As mortgage rates continue hovering near historic lows, many potential buyers are eager to make a move—but it can be hard to know which type of loan is best. There are dozens of different mortgage options available today, and some even have low down payment or credit score requirements. This can help a […]
Picture this: you’ve found a seemingly perfect home in just the right neighborhood. It has every single one of your must-haves, plenty of space, and even all of the features you want. But on the tour, your agent spots a few big problems, like a crack in the foundation or signs of water damage. Should […]
Buyers returning to the market are an excellent sign for the economy, as housing is still leading the way toward recovery. If you’re ready to buy a home this year, let’s connect to make sure you have the best possible guide with you each step of the way.
There are simply not enough houses for sale today. If you’re ready to leverage your equity and sell your house, let’s connect today. It’s a great time to move while the demand for homes to buy is extremely high.
Every time a home is sold, it has a tremendous financial impact on local economies. As the real estate market continues its recovery, it will act as a strong tailwind to the overall national economy. Click here for a great place to get started and bring back the economy.
We should look at the current situation for what it is – a predetermined pause placed on the economy. The country will recover once the pandemic ends. Comparisons to any other downturn make little sense
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.
