Single-family home closed sales dropped to an all-time low for the month of February in New Hampshire, part of a national trend of an overall drop in home sales.
A Manchester woman, who once held a contract to redevelop the former Laconia State School, was sentenced Wednesday to 30 months in federal prison for bilking 24 investors out of more than $3 million.
The affordability index for June was 53, meaning that the state’s median income is 53% of what’s needed to cover monthly cost of a home in the state, including mortgage payment, insurance and property tax. The median income for the state is $87,356, according to the U.S. Census Bureau. The affordability index in both June 2024 and last month was 55.
The Bureau of Securities Regulation discovered that Robynne Alexander was comingling funds between real estate projects and misused investments meant for a specific project to pay out other, unrelated investors.
The median sales price for a single-family home in New Hampshire in May was $540,000, according to the New Hampshire Association of Realtors monthly market report. That’s up from $525,000 a year ago and $528,000 in April. Median means that half of the homes in May closed for less, and half for more.
I still think of Rachel every year around this time, as my Facebook feed fills with mortar-board hats, acceptance letters, and congratulatory yard signs, and I wonder how many of those gleeful graduates have their next several decades mapped out, and how many are secretly terrified by their lack of a map. I was terrified at graduation, and for decades afterwards; but I can say now that loved the journey, and I love where it brought me.
“We believe in preserving the character of our city while creating new opportunities for its future. Redeveloping the historic Hallsville School into affordable housing is helping to address one of the city’s most pressing needs,” said Kyle York.
Sales were down slightly, but inventory inched up for single-family home sales in New Hampshire in April.
New Hampshire’s residential housing market loosened up a little in 2024, with both sales of existing single-family homes, as well as condo-townhouses, up 3.6% from 2023.
Housing sale indicators are up in New Hampshire from a year ago, including inventory, which while still low, is on a three-month run of being higher than it had been in nearly five years.