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.
New Hampshire foreclosure numbers from July are up from the previous year.
New Hampshire had 269 foreclosures in July. That’s up 13 percent from July of last year. However, it’s a decrease compared to the month before. In fact, it’s the third monthly decline in a row so far this year. The numbers come from the Mortgage Bankers Association’s National Delinquency Survey.
“Even though it’s higher than last July, it’s still more on a steady downward curve.”
The New Hampshire Housing Finance Authority has released its annual ‘Residential Rental Cost Survey.’ The survey shows increased rental costs coupled with decreased vacancies across the state.
The median monthly rent for a two bedroom unit including utilities has risen 3 percent in the past year to $1085 per month. The highest rent increases were evident in Grafton, Carroll and Belknap counties, as well as the cities of Manchester and Nashua.
New data from the New Hampshire Housing Finance Authority suggests the state’s housing market continues to show signs of a slow recovery.
The number of New Hampshire homes sold in May of this year jumped up from 2011-levels. That’s good. The bad news is that the average price of those properties is down two-point-four percent from a year ago, falling to $205-thousand dollars.
The 351 new foreclosures in May probably won’t help. Until the glut of properties on the market clears up, housing prices will remain low.