Housing

A new report released by the New Hampshire Housing and Finance Authority shows home foreclosures spiked in December 2011–up 35 percent from that November.

Jane Law of the Housing Authority says foreclosures have been declining since their peak in 2010, and December's jump might be an anomaly,

"The biggest factor is just mortgage companies are just kind of clearing out some inventory before the end of the year, which is the end of their tax year usually."

Flikr Creative Commons / Sean Dreilinger

A report shows that home foreclosures spiked at the end of last year, up 35% from November.

Jane Law of New Hampshire Housing Finance Authority says foreclosures have been declining since their peak in 2010, and December’s jump might be an anomaly.

Law says, "The biggest factor is just mortgage companies are kind of clearing out some inventory before the end of the year, which is the end of their tax year usually" 

Wanted: A Clear Trend in Home Sales

Jan 19, 2012

Home sales in New Hampshire remained about even with last year. About 200 more homes changed hands in 2011 than in 2010. Prices continued to slide. The median sales price was about $201,000, or about 6 percent less than the year before. The latest numbers from the New Hampshire Association of Realtors leave it unclear where the market is headed. There are some signs of improvement. Between November and December, prices held steady and at least from one month to the next, the number of homes sold rose by about 8 percent.

A New Hampshire developer plans to renovate two mostly-abandoned apartment buildings in Franklin and turn them into affordable housing for working class families. The company, New England Family Housing, plans to buy the 30-unit building for $615,000.

Home Foreclosures Edge Down

Dec 7, 2011

Home foreclosures continued to nudge down in October and the state’s housing agency is beginning to speak of the foreclosure crisis having turned a corner.

By historic standards, the number of people losing their homes is still high.  October saw about 260 households with that problem.  But that’s about 40 less than the month before and from the start of the year, the overall trend is down.

Crosby_Allison / Flickr

If you tuned-in to NHPR’s “The Exchange” on November 21, you might have heard economist Russ Thibeault talking about an interesting (and these days, somewhat obscure) report.  We’ll get to that in a minute.  But first, a bit of background.

Home Foreclosure Trends Improving

Nov 2, 2011

It looks now as though 2010 will be the high water mark for foreclosures.  The New Hampshire Housing Finance Authority predicts 2011 will see a slight improvement over last year.

 Jane Law with New Hampshire Housing says she’s truly glad the state is unlikely to match the level seen in 2010.

“When you look at the foreclosure notices, the foreclosure deeds.  All of it seems to be trending down.”

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