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Wed November 7, 2012
Cautious Optimism For N.H. Housing Market
New data from NH Housing Finance Authority shows 263 New Hampshire homes fell into foreclosure in September. That’s a 13% decline from 2011 levels.
The report says the numbers are a sign that the worst of the housing crisis could be behind us.
But, cautious optimism aside, there is some tangible good news here: total foreclosures are on track to be their lowest since 2009. Foreclosure auction notices are also way down.
“It indicates that things are getting better, although they are getting better at a very slow pace,” says Dean Criston, Executive Director of NH Housing.
He says that the state is fairing about average versus the rest of New England.
The high number of foreclosed properties still on the market continues to be a drag on prices.