Housing

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.

Read more
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.

Read more
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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
Crisis In The Housing Market
10:11 am
Tue February 28, 2012

Cash Buyers Squeezing Out Traditional Home Seekers

Dan Grohs (left) with real estate agent Pat Paulson in front of a foreclosed Minneapolis home. Grohs hopes to buy the house with cash.
Annie Baxter NPR

Originally published on Mon February 27, 2012 3:24 pm

Not everyone wants to buy a mold-infested foreclosure, but Dan Grohs does.

He and his Realtor are walking through a three-bedroom house in Minneapolis. The copper pipes have been stolen by vandals and the heat doesn't work, but Grohs recently bid on the house — and he sees potential.

"It's got a nice flow to it," Grohs says as he moves through the home. "You walk in — living room, dining room, kitchen. Good spacious rooms."

Read more
Crisis In The Housing Market
12:01 am
Thu February 23, 2012

With Banks As Landlords, Some Tenants Neglected

Luz Escamilla's bedroom walls are stained with the blood of bedbugs. She says she doesn't want to bleach them until reps from CW Capital, her landlord, pay an in-person visit to her Maryland home.
Aarti Shahani NPR

Across the country, big banks and other large investors are buying up tens of thousands of foreclosed rental properties. They're not always model landlords, according to tenants and regulators. Some banks are failing to follow local and state housing codes, leaving tenants to live in squalor — without even a number to call in the most dire situations.

Read more

Pages