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New Hampshire Real Estate News



Copyright: Copyright 2006
 



Local New Hampshire housing market hit hard

Sun, 04 May 2008 06:07:07 GMT

If there really is a silver lining in every cloud, first-time buyers are playing the only upbeat note in the huge black thunderhead that is New Hampshire's housing market. "The best buyers are those who don't own any real estate, have good credit, have cash for the down payment – they are the ones who can make deals," said Yve Hines, a real-estate agent with Re/Max Properties in Nashua. "The first-time buyers are finally waking up and saying, 'What are we waiting for?' . . . If their credit is good, there's enough inventory for them to look at – and they don't have to compete. They have the time to decide." That's for sure.



Health of New Hampshire real estate market

Sun, 06 Apr 2008 07:20:19 GMT

As president of the 6,500-member New Hampshire Association of Realtors, I’ve been concerned with the fact that recent national headlines have made their way to the local stream of consciousness, erroneously painting a picture of a statewide market reflective of a broad national downturn. The most recent example was a piece that appeared in a New Hampshire daily newspaper with the headline, “Is this a good time to buy a home?” followed by a conclusion, “Well, no, stay on the sidelines a bit longer,” that is far too general to be relevant.



New Hampshire named 'most liveable state' in the US

Sun, 06 Apr 2008 07:18:45 GMT

One week after being named the safest state in the country, New Hampshire was named yesterday as the "Most Livable State." In its annual ranking, CQ Press put the state at the top of its annual rankings for the fifth straight year. The rankings are based on a list of 44 factors, including median household income, crime rates, business tax climate, employment, health, environment and education. Gov. John Lynch said the ranking "reaffirms what the citizens of our state already know - New Hampshire is a great place to live and work."



Experts say more pain before gain in NH housing

Fri, 07 Mar 2008 05:45:02 GMT

New Hampshire's housing market won't improve this year, although it's possible things could turn around in 2009, a panel of housing-industry experts said yesterday. In the meantime, some on the panel predicted more pain for homeowners: not only will foreclosures likely increase, but prices could fall even further. "The kind of environment we're in right now encourages buyers to sit on the sideline and sellers to jump in with both feet," said Russ Thibeault, an economist and president of Applied Economic Research in Laconia. Thibeault also said the country was likely now in a recession, and also was facing a major credit crunch -- both things that would have an impact on the market. The good news -- such as it is -- was that house prices in New Hampshire have held up better than they have elsewhere around the country.



Greater Nashua trudging through housing slump

Sun, 27 Jan 2008 04:25:10 GMT

At first, a four-bedroom ranch on Belmont Street in Merrimack with a walkout basement and recent upgrades was on the market for $259,900 just what the seller needed to recoup what she owed. But when the property didn't move right away, and taking the vacant house off the market wasn't an option, the owner steadily lowered the price, said broker Richard Jean of Nashua's Central Realty. It took six months and more than $50,000 in price reductions, but there's finally a pending sale for $204,900. "It's called a short sale," Jean said. "That's what it took to get it done. And the house is in very good condition....



New Hampshire in better shape to handle mortgage crisis

Tue, 11 Dec 2007 02:39:38 GMT

New Hampshire home owners, like those around the country, are increasingly likely to be forced into a mortgage foreclosure in coming months. But -- while it may be of little comfort to those individuals -- the state economy will be just fine, a state study released Monday found. -New Hampshire is likely to come through the foreclosure wave better than most parts of the country and fare better than it did in the New England real estate bust of the early 1990s, the state Housing Finance Authority found....



Northeast home prices remain strong

Wed, 05 Dec 2007 12:56:55 GMT

New housing data released by the National Association of Realtors (NAR) suggest the Northeast is weathering the real estate slump better than the rest of the country. Even as existing home prices in October tumbled in the South and West, prices in the Northeast rose 1.3% compared to a year ago—the sixth straight month of appreciation, according to the NAR, which released its monthly home price report on Nov. 28. Home prices nationwide declined 5.1% in October compared to October, 2006. The South dropped 6.7%; the West, 6.9%; and the Midwest, 1.6%.....



New Hampshire Market Trends for 2007

Mon, 26 Nov 2007 12:01:51 GMT

Fewer homes will be sold this year in New Hampshire compared to last year, perhaps 1,000 to 1,200 fewer. But average residential sale price is off less than one percent, and that’s a whole lot better than other parts of this region or the nation. According to the latest figures from the New England Economic Partnership, New Hampshire’s economic growth, while not great, still continues to outpace the rest of the region, as it has for many years. We have done better than our neighbors, and while that’s fine, there are good reasons for us to be careful not to allow some of the stuff that has happened in other places to stifle our economic growth.



Nashua expanding outdoor dining and retail

Mon, 03 Sep 2007 03:40:55 GMT

Nashua – Restaurants, especially those with outdoor dining, are the main draw for downtown Nashua. "The restaurants have made downtown a dining destination," said Sarah DiSano, executive director of Great American Downtown, a 5-year-old organization formed to promote Nashua's downtown. "Each year we have dozen of our restaurants named the best of New Hampshire." Downtown restaurants figured prominently in New Hampshire Magazine's 2007 reader's poll...



Slow New Hampshire home sales may be good new for buyers

Mon, 03 Sep 2007 03:39:54 GMT

New Hampshire's real estate market has continued to slow down, but brokers said there is some good news for buyers and sellers. From January through July of 2006, 7,853 homes were sold. During the same period this year, 7,096 have sold -- a nearly 10 percent decrease. Real estate experts said a house that took 109 days to sell in 2006 will take an average of 126 days this year. Mortgage broker Joe Moriarty said that it's a buyer's market. He said sales are slumping, but some of the decline is seasonal, as families are more focused on going back to school...



How to avoid moving next to nasty neighbors

Tue, 21 Aug 2007 12:47:31 GMT

You never know when you buy a home if you're buying into a bad neighborhood, but there are a few checkpoints you should look at prior to purchasing a new house: Do not buy a home next to... A country club (lots of parties, lots of machinery, weddings) Empty lots (you never know what may end up here!) Bus Stop (noise, litter)...



New Hampshire home sales fall, prices steady

Wed, 08 Aug 2007 11:21:06 GMT

New Hampshire home prices took only a minor hit, but sales volume dropped in the first half of 2007, according to the New Hampshire Association of Realtors. Residential sales volume in the first six months of 2007 was 5,929 units, down 9.3 percent from the 6,539 units sold in the first half of 2006 and down 22 percent from 2004 -- the peak year, when 7,594 units sold between January and June, according to the trade group....



New Hampshire home sales trends look better than the nations

Sat, 21 Jul 2007 10:15:50 GMT

The monthly data chart at the end of this article gives us a snapshot of residential sales versus new listings. But Chart I below shows the trend over the past 24 months. It shows pretty clearly the seasonal variations in statewide home listings and sales. What it also shows is that over the past two years, new listings rose to a peak of above 3,000 units each summer and then fell to about 1,000 units each December. This seasonal pattern looks remarkably consistent over the past 24 months....



Make right decision about countertop upgrades

Fri, 06 Jul 2007 12:21:53 GMT

In quite a few neighborhoods, especially the new ones and the pricey ones, granite countertops have become as ubiquitous in kitchens as the teakettle used to be. Ads for new and resale homes alike usually note if the kitchen has been upgraded with granite. That raises a question for someone planning to put a home up for sale in this competitive marketplace: To draw the best price, should you tear out the old laminate countertops and replace them with shiny new granite? Is that what buyers expect? ...



Hollis-Brookline high school tops in New Hampshire

Tue, 12 Jun 2007 12:49:37 GMT

Newsweek Magazine has ranked Hollis/Brookline High School the top public high school in New Hampshire, based on the number of challenging courses students take. In a multi-story section in its May 28 issue, the news weekly ranks public U.S. high schools and names 1,258 schools as the best in the country. Hollis/Brookline was ranked 937. Only 12 public schools in New England are on the list and three of them are from the Granite State. And out of those three, Hollis/Brookline was ranked the highest, followed by Moultonborough at 1,055 and Contoocook of Hopkinton, at 1,213. In the story, called “Why they are the best,” reporter Jay Mathews explained how he developed his “Challenge Index” which measures the number of International Baccalaureate and Advanced Placement tests that students take...



Existing home sales decline more than forcast in April

Sat, 26 May 2007 01:08:59 GMT

Sales of existing homes fell more than expected in April while prices slid for a record ninth consecutive month, indicating further troubles ahead for the housing market. The National Association of Realtors reported yesterday that sales of existing homes dropped 2.6 percent last month to a seasonally adjusted annual rate of 5.99 million units, the slowest sales pace in nearly four years...



NH Housing market sees 'soft landing'

Sun, 06 May 2007 11:06:29 GMT

New Hampshire's housing market is experiencing a soft landing, according to those with an eye on the real estate field. Residential homes in New Hampshire are staying on the market longer as sales volume has dipped, according to data from the New Hampshire Association of Realtors. But prices are holding pretty steady....



New Hampshire tops charts as "most livable" state

Mon, 26 Mar 2007 03:16:19 GMT

For the fourth year in a row, New Hampshire has come out on top. A study released earlier this month by Morgan Quitno Press named the Granite State the "Most Livable" based on 44 factors - everything from the percentage of sunny days to the percentage of deficient bridges. While some local residents interviewed yesterday are skeptical of the study, they agreed with the final result. "I'm very fond of New Hampshire," said Chad Henry of Hampstead. Henry, 35, was born in Korea and grew up in the Midwest and Texas...



Too grown up? Citing balancve, some towns try to limit the over 55 housing market

Mon, 05 Mar 2007 12:16:34 GMT

It began as a way to build housing without burdening small-town school systems with more children. But throughout southern New Hampshire, residents are growing wary of over-55 housing developments as the number of units has steadily increased and the prospect of mounting demands on municipal services from aging homeowners looms....



Nashua OK's hundreds of luxury residences for downtown

Fri, 16 Feb 2007 04:21:51 GMT

With nearly every available square mile accounted for and built out, Nashua is going the way of Lowell and Portsmouth and redeveloping the core of its downtown for high-end residences -- a bold move for a city better known for its suburban sprawl than urban luxury. -The city has approved construction of a record number of condominiums and apartments designed to lure empty-nesters and young professionals with yens for granite kitchen countertops, marble baths, and restaurants within walking distance. Many of the units are being created in rehabilitated mill buildings. "A mini-Boston, perhaps," said Jay Minkarah, Nashua's economic development director. The construction is poised to transform the downtown. The number of available housing units is expected to nearly triple -- from about 400 to 1,100. Some will be classified as affordable, but the bulk will go for market rate, at prices reaching $500,000. Developers, along with the city, also hope to revitalize the Nashua River with the completion of a 1.6-mile riverwalk loop, linking new condos to restaurants and to wooded areas...



New Hampshire real estate agents see market picking up in 2007

Thu, 25 Jan 2007 04:12:08 GMT

Across New England, 2006 was a tough year in real estate, but agents said they expect the New Hampshire market to pick up this year. Home values and sales dropped in 2006, but a study by the New Hampshire Association of Realtors said that buyers were headed into 2007 with more confidence in the housing market... "And I think buyers will get off the fence and get into the market, and they'll say that the rates are still really low," said Bonnie Guevin, president of the New Hampshire Association of Realtors.



New Hampshire sellers ask too much

Sat, 20 Jan 2007 04:57:56 GMT

Sellers are asking too much for houses, which is contributing to a market slowdown, an economist told House tax writers Wednesday. Russ Thibeault of Applied Economic Research of Laconia told lawmakers that people want about 10 to 15 percent more than what most people can afford to pay for a house. Thibeault said sales began slowing in April. To try to attract buyers, sellers began dropping prices in August, he said. Prices have dropped roughly 5 percent over the past year, he said. Some sellers pulled their properties off the market to wait for a more favorable time, Thibeault said....



New Hampshire housing market ready to heat up?

Sun, 31 Dec 2006 04:03:03 GMT

Manchester is one of the top 10 places in the country to buy a new home, according to a national media organization. CNNMoney named the Manchester area the eighth-best in the country for new home appreciation, at 35 percent, over the next five years. Most other hot spots are in Florida or other warm-weather destinations with the exception of Bridgeport, Conn., ranked third, and Fort Collins, Colo., ninth. Mark Roy, the owner of C M Roy Group of Manchester, said developable land in the area continues to sell at a premium with lots bringing $100,000 to $200,000 depending on size and location....



New Hampshire numbers reveal a chilly year for home, condo sales

Sat, 23 Dec 2006 11:15:15 GMT

November may have seemed warmer than usual in New Hampshire, but there’s a deep chill in real estate. Three of my neighbors perfectly illustrate how the sales statistics, unpleasant as they are, do not completely reflect just how hard this market shift has been on REALTORS®. Each of these three neighbors has put his or her house up for sale in the past year. There have been several open houses and dozens of showings, at no small cost to the REALTORS® involved...



Virtual Home Hunting

Sun, 19 Nov 2006 06:15:16 GMT

NASHUA – Not long ago, real estate broker Rudy Mayer got a call from a man in Paris who saw a $650,000 Concord Street home listed on Mayer’s Web site. -“He flew in on Saturday and bought it on Saturday afternoon,” said Mayer, of the ERA Masiello Group in Nashua. That would have never happened if it wasn’t for Mayer’s Web site (www.rudymayer.com), which went up seven years ago. “I probably get 75 percent of my customers from the Web site,” Mayer said at a recent open house. “You don’t get any walk-ins anymore. That’s gone. “If I didn’t have my Web site, I’d probably be dead in the water...."



Nashua named 27th safest city in the US

Tue, 31 Oct 2006 12:10:37 GMT

The city twice named best place to live in the country has received yet another high ranking – it’s now considered one of the safest. Nashua landed at No. 27 on the list of America’s safest cities in the country in a report released Monday by Morgan Quinto Press, a private research and publishing firm. Some 371 cities were ranked.Manchester – the largest city in the state – ranked No. 124. Morgan Quinto ranked the cities from safest to most dangerous, based on the FBI’s most recent figures for murder, rape, robbery, aggravated assault, burglary and vehicle theft. Nashua, with a population of 87,411, ranked 27th; making it the safest city in New Hampshire...



Main Street Stroll: From City Hall to Library Hill, restaurants, shops and galleries to explore in Nashua NH

Sun, 29 Oct 2006 03:24:31 GMT

A guitar duo plays flamenco music in a gallery that shares a storefront with a cobbler's shop. Diners dawdle over Moroccan crab cakes in a restaurant that was once a bank. Strollers amble into the shadow of monstrous brick mill buildings in search of the next stop on an artist studio tour. Nashua, New Hampshire?Some people come to the Granite State's second-largest city just to take advantage of bargain-basement prices at the state liquor stores or tax-free trinkets at the mega-malls on its border with Massachusetts. But the renaissance of the city's downtown has made Nashua a destination for those who love restaurants, boutiques, and galleries in a historical setting...



Top cities - Where to buy now?

Thu, 26 Oct 2006 10:30:10 GMT

New Hampshire's financial appeal is readily apparent: It has no income or sales tax, and it's within commuting distance of Boston, one of the most expensive housing markets in the country. Manchester, a former textile mill town, is the largest city in northern New England; neighboring Nashua, which twice has won honors as Money Magazine's "best place to live" in America, shares a border with Massachusetts, which has been losing population since 2004...



After years of fleeing cities, many give urban living a second look

Sun, 15 Oct 2006 03:40:41 GMT

The “in” thing in real estate used to be sprawling suburban homes with 1-acre lots, picket fences and plenty of lawn to mow. But these days, many young professionals, empty-nesters and retirees across the country are either downsizing or looking for a more chic and affordable lifestyle. And they’re finding it downtown. T-he number of downtown residents in the nation’s largest cities is expected to grow by 2010, according to a survey by The Brookings Institution Center on Urban and Metropolitan Policy and The Fannie Mae Foundation. The movement is also being seen locally, with 10 projects ranging from high-end condos to elderly apartments either under way or in the planning stages...



What makes New Hampshire's real estate market different?

Tue, 03 Oct 2006 04:13:02 GMT

New Hampshire is a small state, but it has a number of special characteristics that make its housing market look and behave differently from other states. Most importantly it ranks in the top 10 among the 50 states in several social indicators that make for a more robust housing market...



Board OKs Nashua Riverfront condos

Sat, 16 Sep 2006 12:39:16 GMT

NASHUA – As many as 162 condominiums may be built along the Nashua River now that a developer received the go-ahead to purchase and demolish two unused buildings. -The planning board Thursday unanimously approved the proposal by the Stabile Cos. to build the project, which will be called Cotton Mill Square. The board tabled the plan two weeks ago, saying issues involving traffic improvements and the long-planned riverfront walkway still needed to be resolved. Since then, developers and planning officials agreed on a traffic light and how the walkway will be constructed.



When sales fall, they call St. Joe

Mon, 21 Aug 2006 02:06:29 GMT

Donald Ward Cranley doesn’t need to look at the latest economic indicators to know how the real estate market is faring. He just checks the inventory in his shop, Ward’s Gifts, on High Street in Medford. If sales of the beige, 5-inch St. Joseph statues are slow, it means the real estate market is strong. If sales are brisk, the market is weak. Lately, all signs point to a real estate meltdown: He’s selling 300 statues a month. ‘‘-We can’t keep them in stock,’’ he said. ‘‘Everybody comes in here looking for them. Realtors are buying a dozen at a time.’’ St. Joseph statues have long been used by sellers to help move property. Tradition has it that if you bury a statue upside down and facing the property you are trying to sell, St. Joseph will direct a buyer your way...



New Hampshire housing sales down about 10 percent

Mon, 14 Aug 2006 04:15:01 GMT

Sales of existing homes are down about 10 percent from last year overall – though sales in some parts of the state continue to do well. Overall, sales dropped from 8,004 to 7,265 for the first five months of 2005 and this year respectively. That has resulted in an 8 percent decrease in total sales from $2.1 billion to $1.9 billion. -The average sale price of a home has continued to increase, but at a slower rate than the past few years. The average price for the period increased from $261,347 to $264,894 or 1.4 percent, far short of the double-digit increase experienced in years past. Real estate agents say sellers should not expect quick sales. A home was on the market 139 days this year before being sold – compared to 134 days last year...



Hate to burst your seller's bubble but...It's a buyer's market

Mon, 07 Aug 2006 03:07:20 GMT

Maggie Decker put her two-bedroom, garden-style condominium on the market in February for $149,900. She has lowered the price $8,400, has offered to pay closing costs and even threw in a warranty. Six months later, her Knightsbridge Arms condo still hasn’t sold. “Last year, you could have pretty much named your price,” said Decker, 50, of Nashua, a program manager at Southern New Hampshire Services. “This year, the number of houses and condos on the market is ridiculous.” Nationwide, there are 33 percent more homes listed for sale now than there were last year. And more supply equals more power for home buyers. “It’s definitely transitioned into a buyer’s market,” said MaryBeth Gustitus, a “team leader” with Keller Williams Realty in Nashua. When housing inventories are above a six-month supply of homes, the market is considered a buyer’s market – one that favors the buyer in negotiating a lower sales price. Currently, there’s a seven-month supply in Nashua, Gustitus said...



The benefits of buying a home in a cooling real estate market

Wed, 02 Aug 2006 01:11:14 GMT

Residential real estate, a shining star of the national economy that seemed unflappable over the past couple of years, has hit a speed bump. Nationally, home price appreciation is slowing down from the rapid pace experienced by many markets over the past few years. Mortgage interest rates are on their way up. Is this any time to be thinking about investing in a home? Of course it is -- if you're buying it for a place to live, not as a speculative investment, and can afford to take the leap. -"Owning a home is still financially not a bad deal, as long as you have the income to support the cost of homeownership," said Jim Gaines, research economist for the Real Estate Center at Texas A&M University. Another caveat: "You better figure on living there five or six years to make any kind of profit on the thing...



Downtown Nashua housing market on the rise

Thu, 27 Jul 2006 03:16:55 GMT

You can see it from Main Street, Canal Street and Railroad Square. The Jackson Falls condominium building is hard to miss with its tall windows and prominent location on the north bank of the Nashua River. Each of the 22 luxury units is still under construction, but will be ready this fall – for those who can afford the $337,500 starting price tag. Units go as high as $439,900...



Not all renovations are worth the cost

Mon, 24 Jul 2006 12:41:53 GMT

Homeowners can find plenty of information on which improvements will help boost the value of their houses. But what about those remodeling projects that end up hurting you at sale time? Holly Slaughter, brand manager and consumer experience expert for RealEstate.com. said there is much less attention paid to what to avoid when remodeling. Consider the following seven deadly home-improvement sins before committing to projects that may work against you....



A choice market

Mon, 24 Jul 2006 12:40:41 GMT

There's no huge drop in housing prices, but a glut of sellers and fewer buyers means deals can be found. Like many potential home buyers, Chip Chaunamom has been watching and waiting. The 30-year-old Web designer has been looking for his first home in the Lowell area for more than a year. His first plan was to buy a townhouse but, as the real estate market has cooled, he now is looking for a better deal in a single-family home. "There's a lot more on the market and prices have dropped a lot," Chaunamom said. "I think I'm in a good position." -A buyer's market is firmly in place in Massachusetts. The causes include: higher mortgage rates, which makes owning more expensive for buyers and reduces their buying power , thus curbing housing demand ; only so-so economic growth, which also limits demand for new housing; and a glut of supply, so those buyers who are in the market don't feel the need to rush to get the last available property...



Manchester NH property values rise

Fri, 21 Jul 2006 01:42:19 GMT

Of the thousands of new tax values sent out to owners of single-family homes in Manchester, not one went to a home valued at less than $115,000. That’s according to a listing of property values that city officials supplied to the New Hampshire Union Leader upon request. The data show the lowest valued home in the city to be a 1½-story, three-room house on a tiny lot at 20 S. Beech St. It’s worth $117,400, according to the recently mailed tax values, which are supposed to reflect market prices of April 1, 2006.



In New England, a different kind of fall as housing market cools

Wed, 19 Jul 2006 10:33:12 GMT

Kim Bronson's West Windsor, Vt., home has everything a buyer might expect in a pastoral North Country property: a five-bedroom, Federal-era main house, several fenced horse paddocks and four guest cottages. It's located just 12 miles south of Woodstock, a vacation spot known for its quaint New England charm. It even has a celebrity pedigree. Ms. Bronson shared the home with her late husband, actor Charles Bronson. -The only thing the property doesn't have is a buyer. Ms. Bronson put her home on the market more than a year ago at $4.9 million, then shaved the price by $1 million in April. "I'm really surprised it hasn't sold," she says. "I don't think Vermont and New England is going with the same real-estate flow as the rest of the universe." In fact, the market is slowing in many parts of the country, where higher interest rates and inventory buildup have helped cool the once hot real-estate market. But in New England, there is a distinct chill -- with additional factors contributing to the slowdown, economists and real-estate professionals say. A persistent exodus of residents and a stagnant economy across the region are depressing home sales...



8 Cheap places you'd want to live

Wed, 19 Jul 2006 10:31:45 GMT

Look for a strong economy, a college and low crime in your search for an area where you can afford to live. Every week or so, I get an e-mail that runs like this: -"My husband and I are teachers in north San Diego County and we would like to live here for decades. However, our salaries are not enough to buy any of the houses we have seen. What advice can you give us?" Swap "teachers" for any number of moderately-paid professions, and "north San Diego County" for any number of insanely overpriced real-estate markets, and you have a lot of people in the same uncomfortable boat...



Better homes & sales pitches - Racing to the top

Tue, 18 Jul 2006 01:30:44 GMT

House hunters who see the standard real estate listing for Michael Katz's Hopkinton home may be tempted by the 3,110 square feet of living space or the 1.44-acre lot. Maybe the $624,900 asking price is right. -But Katz isn't taking any chances in the weakest real estate market in years, one that has sellers resorting to gimmicks like raffles and hors d'oeuvres to lure potential buyers to open houses. Katz recently spent a day creating a 3,400-word website that lays out every amenity of his West Elm Street Colonial, from the floor-to-ceiling brick fireplace in the family room to the treehouse and tire swing in the yard. ``My frustration has been that the way the real estate industry has been set up sort of boils everything down to how many rooms and bathrooms you have, so it doesn't really differentiate my house from all the others," Katz said...



To fight the glut, home sellers push their prices down

Mon, 17 Jul 2006 12:03:20 GMT

Home sellers are learning what any retailer, from Wal-Mart to the owner of the corner gas station, already knows: Low prices are one of the surest ways to beat the competition. Coldwell Banker Residential Brokerage, Massachusetts' largest real estate firm with more than 3,500 agents, is coaching agents on how to persuade clients to list their homes at an asking price that undercuts those of comparable ones on the market. The hope is low prices will attract more prospective buyers, leading to faster sales. Other real estate agents in the Boston area report success with similar strategies in a housing market with an unprecedented glut of properties for sale. Called ``drama pricing" or ``energy pricing," it is a drastic measure for difficult times. And it seems to run counter to the conventional strategy of selling your home for the highest price possible. Buyers are ``overloaded" with options and ``only respond when they see a perception of value," said Angela Stamoulos, who teaches Coldwell Banker's course on this pricing technique, which the firm rolled out this spring in Connecticut and last month in Massachusetts. By grabbing buyers' attention, she said, ``the true market value of the property comes to fruition...



Experts: Housing market shift good news for buyers

Mon, 17 Jul 2006 03:29:09 GMT

A stagnant housing market may be bad news for sellers and investors, but not for buyers who are willing to shop around. More homes on the market and prices that are at least slowing, if not holding steady or dropping, means buyers have more to pick from. "My advice is shop. Shop 'til you drop," said Russ Thibeault, president of Applied Economic Research in Laconia...



Harder Sell: The housing market may be cooling off this spring, but real estate agents don't expect a crash

Sun, 11 Jun 2006 04:00:00 GMT

When Liam Moquin moved to Pittsfield from Manchester a year ago, he was able to sell his home in two days. Now he's moving to Maryland, where he has a new job and new home waiting for him. The only problem is, he hasn't found a buyer yet for his place in Pittsfield, thanks to a cooling real estate market. "I'm a little concerned," Moquin said. "We had an open house last week on Saturday and Sunday, but nobody stopped by. I've already reduced the price." Local real estate agents say the state's market has remained flat this spring, a season in which sales generally pick up for the busy warm-weather selling season. Properties are staying on the market longer, some sellers are dropping prices, and buyers have more time and bargaining power, they say...



5 Tax Myths of Home Ownership

Mon, 05 Jun 2006 04:00:00 GMT

Owning a home tops the dream list for most Americans, and for plenty of good reasons. It's a shelter for your family, a gathering place for your friends and a good long-term investment. Tax breaks are also frequently cited as motivation for moving from renting to owning, and there are many ways a home can cut your tax bill. But, as is often the case with the U.S. tax code, homeownership tax benefits are not always clear-cut. That frequently leads to some bad information floating around....



Book on best cities to raise families loves Nashua

Mon, 05 Jun 2006 04:00:00 GMT

Nine years after being named the best place to live in America by Money magazine—a feat the city accomplished in 1987, as well — a new book ranking the country's best places to raise a family says Nashua is again among the country's elite. The book, "Best Places to Raise Your Family," released in May by Bert Sperling and Peter Sander, ranked the top 100 most affordable communities based on categories like standard of living, education, health and safety, lifestyle and population profiles. Sperling and Sander explained in the introduction that their rankings were based on value, and not just excellence....



No deflation in high end housing in New Hampshire

Fri, 05 May 2006 04:00:00 GMT

Slowing home sales and rising interest rates may have some folks wondering whether New Hampshire's real-estate market is due for a sharp correction, but luxury condominium developers don't see deflation occurring anytime soon in their red-hot sector. Developers say strong demand from cash-rich Baby Boomers has kept the luxury condo market strong and stable, as workers close to retirement age and empty-nesters look for hassle-free and gracious living. "We've had one of the best first quarters in the history of our company," said developer John Stabile, chairman of The Stabile Cos. "This part of the business isn't bubbling. We're hitting a market." Stabile said his firm sold more than $10 million worth of its luxury condo properties in the first quarter. At present, the company is building four new developments in the Granite State, and demand so far remains strong...



Home market slowdown leaves sellers in rough spot

Mon, 06 Mar 2006 05:00:00 GMT

When Maurice Fredette put his 35 Ducas Ave. home on the market a year ago, he thought it would sell in about a month. That wasn’t the case. He’s had to lower the price three times, and it’s still for sale. Fredette is not alone. His seven-room, 2,600-square-foot colonial is one of three high-end houses in a row with “for sale” signs in front of them. None has sold. “It’s not the building, and it’s not the lot. It’s the demand,” Fredette said of his home, which he admits he initially priced too high at $595,000. It’s now listed for $499,000. “The market’s just gone,” said Fredette, the owner of Fredette’s Tree Service. “You say, ‘What’s wrong?’ I think we just got behind the big push, and it’s happened to a lot of people..."



New Hampshire experts state there was no real estate bubble

Sun, 05 Mar 2006 05:00:00 GMT

TRYING TO SELL your house? Buying your first home? Living in fear of the real estate bubble bursting? Housing experts say the downturn that some predicted would decrease the value of a home by as much as 20 percent in New Hampshire hasn’t materialized. In fact, the housing market is thriving and healthy here for buyers and sellers. And home prices did not and are not likely to decline, experts say. “The hype has been wrong. So far, the hype about a bubble was wrong,” said Dean Christon, deputy executive director of the New Hampshire Housing Finance Authority. “We never believed there was a real bubble in the New Hampshire market. Our projection was that the market would slow down and go back to a normal rate of growth,” Christon said...



New Hampshire ranks #1 as most livable state in the country

Sun, 05 Mar 2006 05:00:00 GMT

If you’re a Granite State resident, you’re living in the most livable state in the country. For the third year in a row, New Hampshire has been named the “Most Livable State” by Lawrence, Kan., city and state statistics and rankings publisher Morgan Quinto Press. The award was announced in “State Rankings 2006,” a reference book of state statistics published by Morgan Quinto. New Hampshire edged out Minnesota, and Iowa, Vermont and New Jersey (in descending order) rounded out the top five...