Housing

The Exchange
9:00 am
Wed January 14, 2015

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

Credit 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:

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Giving Matters
12:44 am
Sat November 8, 2014

Giving Matters: FIT Offers A Path To Stability

Credit 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.

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The Exchange
9:00 am
Thu July 10, 2014

New N.H. Housing Report: Demographics & Housing Mismatch

Credit 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.

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Giving Matters
12:18 am
Sat April 26, 2014

Families In Transition Offers A Path To Stability

Credit 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.

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NH News
2:55 pm
Fri March 14, 2014

Housing Discrimination Bill Narrowly Passes House

Apartments in downtown Manchester
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. 

NH News
5:50 pm
Tue March 4, 2014

Housing Discrimination Bill For Federal Renter's Assistance And Domestic Violence Stirs Controversy

This map of Manchester shows where section 8 vouchers are used.
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.


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The Exchange
10:27 pm
Fri January 24, 2014

How's Housing?

Credit 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

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Business and Economy
9:35 am
Fri January 10, 2014

New Mortgage Regulations Now In Effect

Credit 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.

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The Exchange
9:00 am
Wed January 8, 2014

State Of Homelessness In N.H., 2013

Credit 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:

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NH News
1:42 pm
Mon December 9, 2013

New Hampshire's Housing Market Shows Strength

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.

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Giving Matters
12:00 am
Sat October 26, 2013

Granite United Way's 2-1-1 Connects People and Services

Credit 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.

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Word of Mouth
10:00 am
Thu September 19, 2013

Trailer Parks: An Unexpected Solution For The Looming Boomer Housing Crisis?

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.

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NH News
5:34 pm
Tue July 9, 2013

Report Shows Slight Increase In Rental Costs

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.

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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.

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The Exchange
9:04 am
Mon February 4, 2013

How Is New Hampshire Housing?

Credit 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.

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NH News
1:30 pm
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.

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NH News
3:55 pm
Thu October 25, 2012

New Housing Data Shows Sales Strong, Prices Soft

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

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NH News
2:42 pm
Thu September 27, 2012

Housing Sales Up, But Prices Remain Flat

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.

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All Things Considered
5:42 pm
Mon July 30, 2012

Vacation Home Slowdown Can Hurt More Than Real Estate Market

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.

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The Exchange
9:00 am
Thu June 14, 2012

The Foreclosure Fiasco Continues!

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

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Family Matters: The Money Squeeze
12:02 am
Tue April 17, 2012

One Roof, Three Generations, Many Decisions

Ida Christian, who suffers from dementia, gets help from her granddaughter, Yolanda Hunter (left), in blowing out the candles on her birthday cake. Yolanda quit her lucrative job to become Ida's full-time caregiver.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:52 am

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.

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Planet Money
2:49 pm
Thu April 12, 2012

We Stand At The Doorstep Of A Foreclosed House. Then We Go In

A vacant home in Spring Hill, Fla.
Richard Elzey Flickr

Originally published on Tue April 17, 2012 12:59 pm

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.

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Around the Nation
3:33 am
Thu April 5, 2012

Ohio Tears Through Blighted Housing Problem

The remains of a Cleveland house after demolition in February. Ohio has set aside $75 million to raze abandoned homes across the state.
Joshua Gunter The Plain Dealer

Originally published on Thu April 5, 2012 10:33 am

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.

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All Things Considered
5:45 pm
Wed April 4, 2012

Mortgage Settlement May Affect Broader Housing Picture in New Hampshire

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.

Business and Economy
3:27 pm
Tue April 3, 2012

Will The $25 Billion Mortgage Settlement Help Stem The Wave Of Foreclosures?

Jody and Gary Vermillion
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.

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Business
2:50 pm
Tue April 3, 2012

City Rents Rise As Buyers Wait Out Housing Bust

The Stuyvesant Town and Peter Cooper Village apartment complexes in New York City.
Mario Tama Getty Images

Originally published on Tue April 3, 2012 11:05 pm

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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Crisis In The Housing Market
4:50 pm
Wed March 28, 2012

Spring Brings Some Green Shoots In Housing Market

A recently sold home in Palo Alto, Calif. Home inventory is declining nationwide, and real estate agents say they are seeing more interest among would-be buyers.
Paul Sakuma AP

Originally published on Fri March 30, 2012 2:14 pm

Housing prices are still declining, but many analysts see some signs for optimism in the housing market. The mild spring has brought buyers out earlier than usual, and real estate agents are busy.

Doug Azarian is one of them. One of his clients recently signed a deal on a $1.5 million house in Cape Cod, Mass. — a contemporary waterfront property with three bedrooms.

"The buyers came in, and they loved it from the minute they walked in the door," Azarian says.

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Planet Money
1:11 pm
Fri March 9, 2012

This 14-Year-Old Girl Just Bought A House In Florida

Willow Tufano, landlord.
Chana Joffe-Walt NPR

Originally published on Mon March 12, 2012 10:46 am

Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord.

In 2005, when Willow was 7, the housing market was booming. Home prices in some Florida neighborhoods nearly doubled from one month to the next. Her family moved into a big house; her mom became a real estate agent.

But as Willow moved from childhood to adolescence, the market turned, and the neighborhood emptied out. "Everyone is getting foreclosed on here," she says.

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Giving Matters
12:00 am
Sat March 3, 2012

Cross Roads House

Mohd Hafizuddin Husin via Flickr/Creative Commons

Joe and Carrie were out of work and had run out of money. They had been living in a motel room with their two young daughters. The Crossroads House homeless shelter has helped them get back on track.

JOE: I was teaching in Maine part-time and suddenly there was no more work. So I said to my wife “let’s see what New Hampshire has - substitute teaching and stuff like that." We lost our place where we were living and we were living in a motel.

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Crisis In The Housing Market
5:40 pm
Wed February 29, 2012

Fannie, Freddie Won't Write Down Mortgage Principal

Many experts say reducing mortgage principal can help troubled homeowners stay in their homes. But two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, have not signed on to the idea.
Justin Sullivan Getty Images

Despite some green shoots in the economy, the housing sector remains weak. With 11 million Americans still underwater on their mortgages, some housing experts believe it's time for more dramatic solutions.

The idea of reducing the principal on the loans of underwater homeowners used to be a fringe concept, embraced by a few outliers. Today, many policymakers believe principal reduction is necessary to keep some troubled homeowners afloat.

But so far, the nation's biggest mortgage holders, Fannie Mae and Freddie Mac, haven't embraced the idea.

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