If you’ve seen recent headlines about falling median home prices, you might wonder if values are declining. But here’s the truth: home values are still on the rise, even if the median price appears lower. Let’s look closer to understand the bigger picture.
As we look ahead to 2025, understanding real estate trends is key—especially for homeowners and potential buyers in Portsmouth, NH, and the New Hampshire Seacoast. Whether you’re considering buying or selling, staying informed can help you make confident decisions about your next move.
Selling a home is one of the most significant decisions you’ll ever make. It’s more than just a transaction; it’s about letting go of a place where memories were made and stories were lived. Whether you’re downsizing, upgrading, or moving to a new city, the process of selling a home can be both exciting and daunting.
As the Portsmouth, NH housing market continues to draw attention, residents and potential buyers are naturally concerned about the possibility of a housing market crash, fluctuating mortgage rates, and whether it’s a buyer’s or seller’s market. Local real estate experts Ann Cummings and Jim Lee shed some light on these critical issues Myth 1. Will […]
Time to get out the Ann & Jim real estate crystal ball again and see what the local future holds for Portsmouth and the New Hampshire Seacoast.
Avoid common pitfalls in the home buying process with expert advice from Jim Lee and Ann Cummings at RE/MAX Shoreline in Portsmouth. Learn about the four biggest mistakes homebuyers make and how to avoid them
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.
There’s no denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move.
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.
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.
