August 07, 2009
Northern NH and VT Real Estate Market Watch and Real Estate Tid-Bits
Has the bottom hit? Are we at the bottom? We got an email the other day from a major newspaper looking for an answer to just that question – it is the question of the year, and one that we are trying to answer. Positive indicators are in the news, according to Bloomberg.com “Home prices posted their first monthly gain in three years in May, a gauge of values in 20 major U.S. cities showed, reinforcing signs of stabilization in a market hammered by the worst slump since the 1930s. The S&P/Case-Shiller home-price index rose 0.5 percent from April, the first monthly gain since July 2006 and biggest since May of that year…”
We are seeing more and more buyers come into the marketplace. Some are local folks who are looking to move up to a larger home, some are downsizing to accommodate their empty nest, and some are buying for the first time.
Tagged With:
andy smith,
mortgage disclosure improvement act,
new hampshire real estate
and real estate market
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