While overall prices fell 7.5% last year, take the foreclosures out
and its a mere .5% which is many cases is just off the bottom of the
market, makes sense in our NH real estate market.
Household formations expected to rise and of course this impacts entry level buyers coming into the market.
Home prices to income, homes are more affordable today, 12.5% lower in fact than the period 1989-2004 average.
Rising rents and falling house prices make home buying more attractive.
Signs of how a stronger job market could fuel housing sales are
evident in Dallas, which had the largest job gain in the nation last
year,
Credit is anticipated to remain tight over the next six months, but
improve over time, bringing more buyers back into the market. And of
course there are these under 5% interest rates that just are not going
to last.
Psychology of owning a home, there are still many folks in America
that are afraid, the uncertainty of our economy, their job, where will
prices go will impact many buyers. But there will be many others who
see the opportunities, understand that buying a home is a long term
investment and will pull the trigger.
The bottom of the market is hard to time and call exactly. We
do know there are motivated sellers out there and if you are a NH home
buyer, give us a call today. The experts NH real estate agents at the
Rene Brin team can help you find your dream NH home today
Looking to buy or sell a home in the Southern NH area, call us at Brin Realty, we are selling NH homes every day.
Our Nashua NH Realtors have access to our Amherst, Bedford and Nashua NH real estate offices; email or call today 603 672-2004.
