Portsmouth NH Homes Condos Real Estate

NOW may just be the PERFECT time to be thinking about home-buying 
in the Portsmouth New Hampshire area!

We all hear and read all kinds of things about the housing market, and most of us are probably pretty tired of the same old negative stuff.  What seems to get buried in all that "negative sells" stuff is that the market correction may actually be coming to an end in many markets across the country. 



I know it sure seems like it is here in the areas I service - Portsmouth, Rye, New Castle, Hampton, Exeter, Stratham, Durham, Dover and the surrounding towns of the New Hampshire Seacoast, and the towns in southern Maine of Kittery, Eliot, South Berwick and York Maine.

Phones are ringing like crazy, internet leads are picking up greatly, properties priced correctly are selling, and believe it or not, multiple offers are happening again.  Now, granted, multiple offers are few and far between, but I have to say that just in the last couple of weeks, I have been involved with those on 2 different occasions.  But they are happening, nonetheless.

I'd been working with 2 sets of out-of-state buyers recently, and we had a good number of listings that I pulled up that we were going to work on seeing.  With both of those buyers, the number of homes on each of those lists that were actually available for showings was less than the number of homes on each list that had gone under agreement since I'd sent the listings to the buyers. 

Sale Pendings are definitely picking up and are on the rise.

BUYERS - you really need to think about entering the market now, if you haven't already jumped in.  Here are some of the reasons why:

~~ Interest rates for home mortgages are still at historically low rates.  Today's average rates are as low as average rates have been in almost 40 years.   Lower interest rates allow more Americans to achieve that dream of homeownership.

~~ Buyers have more properties to choose from than they have had in the last few years in the hot sellers' markets we were experiencing.  There are choices, but those choices may be declining as evidenced by the number of homes to actually show being less than the number that were under agreement in my examples above.  The overall number of homes in the country currently for sale has declined somewhat as well.

~~ The correction of the markets in many places across the country are going to bring with it home prices rising again in the near future.  Research from the National Association of REALTORS indicates that prices will likely not go any lower, strongly indicating we are nearing the end of this correction period we've been in for the last 9-12 months.  The number of sales pending nationwide has been increasing, another indicating factor that buyers are, and have been, getting back into the market.

~~ The best investment, as history has proven, is real estate.   Most homeowners, on average, who bought homes five years ago have values that increased by 45% - 50%.  Those who purchased ten years ago have averaged close to a 90% increase in their home's value.  For those looking for consistent long-term growth, there is no better investment choice than real estate.

Pursuit of the American Dream is alive and well!  The markets and low interest rates may now be providing buyers with the best opportunity ever to attain that dream.

I counsel the buyer clients I work with that this market is providing buyers with "the perfect storm" situation - low interest rates, great options in housing choices, and negotiable selling terms and prices. 

If you're a buyer thinking about getting into the real estate market in the Portsmouth New Hampshire areas, give me a call and let's set up a time to see how you can take advantage of today's market - I'd love to help you attain your piece of the American Dream!

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