In today’s fast-paced world, the dynamics of family living have evolved. With changing economic landscapes and societal norms, multi-generational homes have become increasingly popular. A multi-generational home, defined as a residence where two or more adult generations live under one roof, offers many advantages. If you are considering buying a home in the charming city […]
Invest in Yourself by Owning a Home Are you wondering if it makes sense to buy a home right now? While today’s mortgage rates might seem intimidating, here are two compelling reasons why it may still be a good time to become a homeowner. Home Values Appreciate Over Time There’s been a lot of confusion around what’s happened with home […]
To truly understand the Portsmouth, NH, real estate market, consulting trusted local experts like Jim Lee and Ann Cummings of RE/MAX Shoreline is crucial. Their in-depth knowledge and experience can shed light on critical factors beyond the median price.
Housing Market Forecast for the second half of 2023 We’re over halfway through 2023 now so let’s take a look at what’s happened in the first half of the year and make some predictions for what the Portsmouth, NH housing market for the rest of the year might look like. Home price Forecast for single-family […]
We’re halfway through 2023 now, and time for an update on how the Portsmouth NH real estate market is doing so far
Now is a great time to sell your house in Portsmouth, NH, and the surrounding New Hampshire Seacoast area. The supply of Portsmouth, NH homes is low; low inventory means less competition for your house.
In the past year, uncertainty and speculation have surrounded the real estate market. Many housing experts predicted a home price crash in 2023, leaving people unsure about the housing market’s stability. However, recent data from Fannie Mae tells a different story. Contrary to the forecasts, there has been a slow but steady improvement in confidence […]
While the median price provides a quick snapshot of the market, it fails to capture the intricacies and nuances that can significantly impact your buying or selling decisions. Let’s delve deeper into the Portsmouth, NH, real estate market with insights from trusted local experts Jim Lee and Ann Cummings of RE/MAX Shoreline
Imagine living a life where stunning ocean views, sandy beaches, and a vibrant community are right at your doorstep.
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
A lot has changed over the past year, and you might wonder what’s in store for the NH Seacoast spring housing market.
One Major Benefit of Investing in Portsmouth, NH real estate One of the many reasons to invest in a Portsmouth, NH, home is that it’s a significant way to build wealth and gain financial stability. According to Freddie Mac: “Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you […]
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 […]
Bottom Line
Don’t go at it alone. If you’re planning to sell your house this winter, let’s connect so you have an expert by your side to guide you in today’s market.
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 […]
