Officials in Portsmouth say they plan to move forward preparing a new design for a downtown development site even without the full backing of the developers they’ve engaged to build the project.
A year after the onset of the COVID-19 crisis and a year after record-breaking home prices across New Hampshire, real-estate industry leaders say they’re bracing for yet another hectic year of high demand, low supply and ever-increasing prices for both single-family homes and condominiums, starting this spring.
Dire predictions of an office-market Armageddon caused by the pandemic haven’t come to pass in Manchester – at least not yet. Occupancy rates and rents continue to stay stable, and negative year-over-year absorption has remained below 15,000 square feet.
With mortgage interest rates still very low and the spring housing market expected to be leavened with many buyers who gave up looking in 2020 thanks to the historically busy market, real estate agents are carefully watching the number of homes on the market amid an inventory shortage the likes of which few have ever seen.
Portsmouth’s new City Council has found itself in the crosshairs of a second lawsuit from a developer alleging breach of contract.read more
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.read more
A new report commissioned by Manchester Mayor Joyce Craig is urging city leaders to use municipally-owned property to help address the city’s affordable housing problems.read more
The Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures later this year when millions of homeowners are no longer allowed to put off making their mortgage payments.read more
The historic former county courthouse in Dover has been sold for redevelopment.read more