Real Estate

Word of Mouth
1:09 pm
Mon January 6, 2014

The Man Who Owns The Moon...Maybe

Credit Photo by Steve Jurvetson, courtesy of Flickr Creative Commons

Dennis M. Hope claims to own the moon.  He's been taking advantage of an obscure international treaty loophole since 1980, selling off lunar property, and declaring himself owner of the Lunar Embassy, and President of the Galactic Government.  Sound like a joke?  It's not. It's just business.

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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
2:37 pm
Tue July 30, 2013

N.H. Home Sales Highest In Eight Years

The New Hampshire Association of Realtors reports that June was the best single month of home sales in eight years.

June marked the 19th consecutive month of year-over-year home sales increases in NH. Bill Weidacher, president of the New Hampshire Association of Realtors, says he is optimistic by the current market because numbers have steadily climbed in 2013 rather than rapidly spiked.

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NH News
4:17 pm
Wed June 5, 2013

New Foreclosure Numbers Reveal Promising Trend

New New Hampshire housing numbers show 192 foreclosures in April.  That’s half of what the state recorded at the same time last year.  And it appears to be part of an ongoing trend.

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NH News
12:07 pm
Wed February 6, 2013

Realtors Say More Seacoast Homes Are Selling

David Mullen speaking to realtors in Portsmouth.
Credit Roger Wood for NHPR

The New Hampshire Association of Realtors reports that residential real estate sales and prices are on the rebound in The Seacoast Region.

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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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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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Crisis In The Housing Market
12:01 am
Fri March 16, 2012

Foreclosure Influx Causes Backlog In Some States

A padlock hangs from a door of a foreclosed home in Islip, N.Y. The time a foreclosure will take from start to finish varies widely from state to state.
Spencer Platt Getty Images

Real estate is about location, location, location. And foreclosure is no different. Depending on the state, it can take an average of three months or three years to process a foreclosure. And the disparity in how states deal with foreclosures is getting bigger.

The fate of thousands of troubled homeowners in Central Florida rests in the hands of Lee Haworth, foreclosure administrative judge for Florida's 12th Judicial Circuit. "We were hit pretty hard," Haworth 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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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."

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Crisis In The Housing Market
2:00 pm
Wed February 8, 2012

States Debate Foreclosure Robo-Signing Settlement

A bank-owned foreclosed home is offered for sale in Las Vegas.
Mark Ralston AFP/Getty Images

A year ago, banks admitted to abusing the foreclosure process — using fake signatures to power through foreclosure documents — a practice known as robo-signing. Now, five major banks and more than 40 state attorneys general have agreed in principle to a broad settlement that they say will help homeowners.

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Your Money
5:01 am
Mon January 30, 2012

Freddie Mac Betting Against Struggling Homeowners

One of Freddie Mac's restrictions blocks people who have a short sale in their past from refinancing for two to four years following the short sale.
Rich Pedroncelli AP

Originally published on Thu March 27, 2014 9:53 am

Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.

But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.

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The Exchange
9:00 am
Mon November 21, 2011

The Economics of Second Homes

New Hampshire has a relatively high share of vacation properties….more than ten percent statewide, with heavy concentrations in resort areas. We’ll look at the impact of these get-away homes on property taxes, demographics, and jobs…also, how the second-home market may provide a bright spot in an otherwise struggling real estate sector.

Guests

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