NH News
12:44 pm
Fri February 8, 2013

2012: A Year Of Gains In N.H. Housing Market

Credit Justin Shearer / Flick/Creative Commons

Modest improvement: that’s how a new report from the New Hampshire Housing Financing Authority sums up 2012.

Two hundred and ninety-seven homes fell into foreclosure in December, an 18% jump from a month earlier. But total foreclosures for the year are down sharply from their peak in 2010.

Jane Law with NH Housing says the overall economy is still driving a housing recovery.

“We’re keeping our fingers crossed that the economy continues to slowly improve, so that the foreclosure patterns can slowly improve as well.”

About 7% of homeowners are currently behind on mortgage payments. That’s more than twice the pre-recession rates.