Mortgage rates dropped last week, as incoming data point to a slowing economy and support a pivot by the Federal Reserve to begin cutting rates next year.

As a result, applications to refinance a home loan increased 19% last week from the previous week, according to the Mortgage Bankers …

The number of September residential home sales in New Hampshire dropped by 30 percent compared to a year prior, and affordability remained at a low point as the median price of those sales hit an all-time September high at $490,000.

Housing Industry urges Fed Chair Powell to stop raising interest rates or risk an economic hard landing. Lead by the National Association of Home Builders, Mortgage Bankers Association and the National Association of Realtors- profound concern continues to linger in the housing industry.

July 2023: Median New Hampshire $480,000.

Home sales volume down 15% from 2022.

Median NH Sales Price $495,000 (up 7.6% from June 2022). 

Closed Home Sales June 2023: 1,379 (down 15.5% from June 2022).

Sales of previously owned homes were essentially flat in May compared with April, according to the National Association of Realtors. Though sale prices have continued to rise, sales were still 20.4% lower than the previous year.

The slow spring sales pace is a combination …

Current home sales are still down in March and compared to March of 2022. Inventory is 41% lower than pre-pandemic levels and single family housing permits are down 31% while builder's continue to remain cautious do the interest rates.

What will our spring market bring upon us?

Some of the nations largest real estate lenders and financial institutions are forecasting something far worst than the Great Financial Crisis to come! Commercial real estate! Over $1.4 trillion of CRE mortgages have to be refinanced in the next 2 years, and a enormous amount of that debt is held …

Wave goodbye to waived contingencies

This time last year, desperate buyers were willing to waive finance contingencies, inspections, and more to snag their dream home. No more.

Realtors are finally in a position to be able to negotiate on the buyer’s behalf one again. No more eliminating contingencies. …

Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. Pending home sales on existing homes canceled in June 2022, was just under 15% of all homes that went under contract, according to a new report from Redfin, Inc. …