Housing

Foreclosure sign
Jeff Turner via Flickr/CC 2.0 - http://ow.ly/LV7pt

New Hampshire saw a slight uptick in the number of residential foreclosures in March, but the market as a whole continues to stabilize. 

Foreclosure sign
Jeff Turner via Flickr/CC 2.0 - http://ow.ly/LV7pt

HomeHelpNH, a state initiative to prevent foreclosures, says it’s helped about 750 households over the past two years. And state officials say there are many other households still working through the counseling process.

Darren via Flickr CC

New Hampshire is receiving an $8.6 million grant to provide rental assistance for people with mental illness.

The grant from the U.S. Department of Housing and Urban Development will help cover rent for up 150 individuals or families with mental illness.

Dean Christon is the director of the New Hampshire Housing Finance Authority.

agrippa93 / Flickr

The city of Berlin, New Hampshire, and the federal government have settled claims that the city violated the Fair Housing Act by requiring landlords to evict tenants cited several times for ``disorderly action,'' including domestic violence incidents.   The U.S. Department of Housing and Urban Development says the agreement is the result of a complaint it initiated accusing the city of discriminating against women.

A New Normal?: N.H.'s Post-Recession Economy

Jan 14, 2015
Philip Long / Flickr/CC

Although the state has regained all the jobs it lost in the Great Recession, many are said to be part-time or lower paying.   Still, the U.S. economy seems to be on a roll, and optimism appears to be taking hold. We’re looking at who’s faring well and why in the Granite State, and who’s been left behind.

GUESTS:

Courtesy Rachel justmakeit via Flickr/Creative Commons

Families in Transition (FIT) provides safe, affordable housing and support services to families and individuals who are homeless or at risk of homelessness. The goal is to help people achieve self-sufficiency. Rebecca moved into Families in Transition housing when her youngest daughter was two months old.

Rachel Elaine / Flickr/CC

A new report finds that with shifting New Hampshire demographics, household incomes and lifestyles, our housing stock soon won’t fit us anymore. And it predicts this infrastructure ‘mismatch” could be a drag on future economic growth. We’ll find out more, and what its authors say might create a more balanced housing market.

GUESTS:

* You can find more information about NHHFA's report here.

Courtesy Rachel justmakeit via Flickr/Creative Commons

Families in Transition provides safe, affordable housing and support services to families and individuals who are homeless or at risk of homelessness. The goal is to help people achieve self-sufficiency. Rebecca moved into Families in Transition housing when her youngest daughter was two months old.

agrippa93 / Flickr

This week, the New Hampshire House narrowly passed a bill that would prohibit landlords from discriminating against renters with Section 8 vouchers and victims of domestic violence.

After the House initially tabled the bill last week, lawmakers amended it to more tightly define victims of domestic violence, sexual assault or stalking. They now must have a current, final protective order.

The bill goes to the Senate next where it faces a tougher debate. 

courtesy of NHLA

The New Hampshire House is slated to vote this week on a bill to prevent housing discrimination. Renters who pay with federal subsidy vouchers, known as Section 8, and victims of domestic abuse would receive new protections.


How's Housing?

Jan 24, 2014
Jer*ry / Flickr Creative Commons

Six years after the collapse of the housing bubble, New Hampshire’s housing market is once again on the rise. But with new regulations making it more difficult to get a loan and rental prices going through the roof, some question whether this new market is just another bubble. Will the government’s new blueprint for sustainable housing hold up in the real world?

GUESTS

dougtone via Flickr Creative Commons

The new year has brought some changes to the process of getting a mortgage. Home buyers may have already noticed as banks and other lenders have tightened standards since the recession, but new regulatory changes are going into effect. To hear how those changes will impact borrowers and the housing market in general, we’ve called Barbara Cunningham. She is with the Greater Manchester/Nashua Board of Realtors and also a member of the Board of Directors of the Mortgage Bankers and Brokers of New Hampshire.

bobmendo / Flickr Creative Commons

A new report paints a complex picture, including that the number of un-sheltered homeless has jumped by twenty percent over the past year.  We’ll look once again at this stubborn problem and ongoing efforts to address it.

GUESTS:

New Hampshire's Housing Market Shows Strength

Dec 9, 2013
Foreclosure sign
Jeff Turner via Flickr/CC 2.0 - http://ow.ly/LV7pt

New Hampshire remains on track to have the fewest number of home foreclosures in six years.

In October, 239 homes fell into foreclosure. That’s a slight uptick from September, but the state is projected to have less than 3,000 total foreclosures for the year, the lowest since 2007.

Milestone Management / Flickr

The Granite United Way's 2-1-1 New Hampshire service is a directory assistance of services available in the state. It puts those in need in touch with the services that can help.

Cassie called 2-1-1 for help with disability rights when she ran into trouble with her housing arrangement. Her landlord had issued an eviction notice after she acquired a dog, because her lease forbids pets from the building. But Cassie's dog isn't a pet; she's a psychiatric service dog that provided therapeutic assistance.

The mass retirement of baby boomers could trigger yet another housing crisis. Boomers were responsible for roughly 80% of home construction in the 80’s and 90’s, and many of those homes were big, too big for empty nesters transitioning to a fixed income. Enter a housing solution that’s been with us all along: mobile home communities, or trailer parks.

Report Shows Slight Increase In Rental Costs

Jul 9, 2013

The average rental price in New Hampshire stands at just over $1,000 per month, including utilities. That's up about a percentage point from last year.

The numbers come from New Hampshire Housing’s annual survey completed in April.

Communications Director Jane Law says high foreclosure rates in recent years have forced more people into the rental market, driving up cost.

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

Feb 8, 2013
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.

dougtone via Flickr Creative Commons

At the start of a New Year, some numbers look good -- sales are steadily going up and prices are recovering.  But there are also less hopeful signs -- foreclosures remain a stubborn problem and new construction is slow.  We’ll take a look at the housing picture here in the Granite State.

Guests:

Brian Gottlob - Principal of Policon Research, an agency focusing on economic and public policy issues.

Cautious Optimism For N.H. Housing Market

Nov 7, 2012

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.

New Housing Data Shows Sales Strong, Prices Soft

Oct 25, 2012

Residential properties in New Hampshire continue to move at a strong pace. 

More than 1,100 homes sold in September. That’s a 7.5% jump from 2011 levels, fueled in part by very low mortgage rates.

Prices, though, remain flat. The average sale price last month was just under $200,000, a slight dip from August.

Ned Redpath with Redpath Realty in Hanover says buyers still control the market

Housing Sales Up, But Prices Remain Flat

Sep 27, 2012

New housing data suggests the New Hampshire market may be stabilizing, even while residential prices remain low.

The median sale price last month was $210,000. That’s the same price from August 2011--a signal that the number of houses for sale continues to outpace demand.

But a report from the New Hampshire Association of Realtors says the number of units sold is up more than 20% from last year. And gains are being seen in each of the state’s ten counties.

Anyone who’s been in this state in late July has seen  the traffic pattern – the long line of cars and trucks with boats or kayaks or bikes on the back, heading north on the highway to New Hampshire’s Lakes Region.  Some folks are heading toward campgrounds or b&b’s; some others are heading toward their own vacation homes, which in the Lakes Region can be pretty substantial.

Even though the Housing Market seems to be stabilizing, foreclosures are still a major problem.  Some homeowners, who have tried to negotiate with banks are now going to court, saying they’ve not been able to get any clarity.  Meanwhile,  Lenders say they are making efforts, as they still are wading through an unprecedented number of troubled mortgages.  We'll look how foreclosures are fairing in the Granite State.

Guests

Part of the Family Matters series

The Great Recession slammed into all age groups, flattening the career dreams of young people and squeezing the retirement accounts of middle-aged savers. It financially crippled many elderly people who had thought they could stand on their own.

In Florida, the foreclosure process takes 861 days, on average.

That means houses often sit in limbo for more than two years after the owner stops paying the mortgage. Maybe the homeowner is still living in the house. Maybe he's renting it out. Maybe squatters are living there, or maybe it's empty and falling down.

Marc Joseph's job is to find out.

Joseph is a real estate agent. On the day I tag along with him, he's representing a bank that had repossessed a concrete block home in Cape Coral, Fla.

Cleveland resident Cedric Cowan was asleep on an overcast spring morning when the roaring sounds of splintering wood and falling rubble jolted him awake.

Cowan lives in a neighborhood hit hard by foreclosures. He initially thought someone was moving into the house on the other side of Fairport Avenue.

Instead, he woke that morning to find a crew tearing down the two-family house.

Over the course of three hours, an excavator smashed, crushed and ripped apart the abandoned house while a worker sprayed the rubble with a hose to keep the dust down.

To learn more about the mortgage settlement and its potential effects in New Hampshire, All Things Considered host Brady Carlson talks with Dean Christon, executive director of the New Hampshire Housing Finance Authority.

RGotbaum / NHPR

Since 2005, the number of foreclosures in New Hampshire has increased 700 percent. Last year, more than 3,800 families were forced out of their homes due to foreclosure.

The turmoil in the housing market over the past few years has scared a lot of people away from homeownership. That means many people who can afford to buy are now renting. With so much demand for apartments, rents are once again on the rise. And in places like New York City, they're near record highs.

A few weeks ago Lauren Weitz got her first apartment in the city. Every night when she gets home from the office, she upholds a New York City tradition.

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