As we move into September, all eyes are on the Federal Reserve (the Fed), with widespread expectations that they’ll cut the Federal Funds Rate at their upcoming meeting. This is largely driven by recent signs of cooling inflation and a slowdown in the job market.
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 […]
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.
It’s time for summer vacations but it’s important to take a few minutes to give your online security some thought and planning. The bad guys are out there worldwide just waiting for you to let your guard down so they can steal your identity or invade your bank account.
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.
You need a REALTOR® on your side for your next real estate transaction, whether you’re selling, buying, or both. Here are 5 of the top reasons REALTORS have local market knowledge Realtors have access to a wealth of information about the local real estate market, including recent sales data, pricing trends, and neighborhood insights. This […]
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 […]
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 […]
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.
