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