Windham, NH Market Condition - Absorption Rate 12-2007

The Market Absorption Rate is a theory that helps to illustrate where the market is - are we in a buyers, or sellers market?

As of today January 6th, there are 120 Residential Homes for sale in Windham, NH.

For the month of November 11 Residential Homes sold.

So, taking the 1 month sales of 11 units for December, and dividing it into the total inventory of 120 we get 10.91.

That number 10.91 represents the theoretical number of months of inventory that is currently on the market in Windham.  A true Sellers Market would be indicated by less than 6 months of inventory.  10.91 indicates that a buyers market exists in Windham.  It is an improvement over last month at 15.66 but it still a very strong buyers market nonetheless.

Different conditions may exist at different price points.  Stay tuned for more analysis as we dig deeper into the mysteries of the Real Estate Market and how to make well informed decisions when you think about buying or selling.

Nov 2007 - 15.66

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Derry, NH Market Condition - Absorption Rate 12-2007

The Market Absorption Rate is a theory that helps to illustrate where the market is - are we in a buyers, or sellers market?

As of today January 6th, there are 176 Residential Homes for sale in Derry, NH.

For the month of November 13 Residential Homes sold.

So, taking the 1 month sales of 13 units for November, and dividing it into the total inventory of 176 we get 13.54.

That number of 13.54 represents the theoretical number of months of inventory that is currently on the market in Derry.  A true Sellers Market would be indicated by less than 6 months of inventory.  13.54 indicates that a buyers market exists in Derry.  Compared to the 10.53 measure in November the market is not improving in Derry even though inventory is down. 

Different conditions may exist at different price points. 

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Londonderry, NH Market Condition - Absorption Rate 12-2007

The Market Absorption Rate is a theoretical means of measuring where the market is - are we in a buyers, or sellers market?

As of today January 6th, there are 94 Residential Homes for sale in Londonderry, NH.

For the month of December 8 Residential Homes sold in Londonderry, NH.

So, taking the 1 month sales figure of 8 homes for Deceember, and dividing it into the total inventory of 94 we get 11.75.

That number 11.75 represents the theoretical number of months of inventory that is currently on the market in Londonderry.  A true Sellers Market would be indicated by less than 6 months of inventory.  11.75 means that in the month of December, it was a buyers market but not as much as in November. 

Different conditions may exist at different price points. 

Sept 2007 - 7.83

Oct 2007 - 8.13

Nov 2007 - 16

Dec 2007 - 11.75

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Litchfield, NH Market Condition - Absorption Rate 12-2007

The Market Absorption Rate is a thetical measure used to illustrate where the market is - are we in a buyers, or sellers market?

As of today January 6, there are 44 Residential Homes for sale in Litchfield, NH.

For the month of December 8 Residential Homes sold in Litchfield, NH.

So, taking the 1 month sales of 8 units for November, and dividing it into the total inventory of 44 we get 5.5.

That number 5.5 represents the theoretical number of months of inventory that is currently on the market in Litchfield.  A true Sellers Market would be indicated by less than 6 months of inventory.  5.5 indicates that a sellers market exists in Litchfield.  This is a dramatic improvement from the numbers in October and November when there was 17 and 12.75 months of inventory.

Different conditions may exist at different price points.  Stay tuned for more analysis as we dig deeper into the mysteries of the Real Estate Market and how to make well informed decisions when you think about buying or selling.

Month to Month Absorption Rate comparison

Sept 2007 - 12.2

Oct 2007 - 17

Nov 2007 - 12.75

Dec 2007 - 5.5

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The Perfect (regular) Season!!!!

New England Patriots have made history on multiple fronts tonight.

Record Touchdown passes!

Record Touchdown receptions!

Record for most points scored in a season!

Perfect season at 16-0.

Can they make it a to a Superbowl victory?  Make it 4 rings in 7 years????

No the second half of the season was nothing like the first.  The Pats ceased clubbing their opponents like baby seals after the 52-10 drubbing of the Bills in November, and had us on the edge of our seats against the hapless Ravens (thank god for that opportune timout call!  Someones gonna be looking for another job next season.), and now looking like there might not be a final win here with the Giants. 

IN TOM and BILL WE TRUST!

Patriots Pursuit of Destiny

No more talk of Dynasty.  That had pretty much already been locked up.

Now it is a question of the perfect season.

What do you think?  So far the Giants are coming on strong.  Are we seeing the seeds of an upset?  Will the Giants rest their starters?

I for one am looking forward to a good game, but have no fear that the Patriots will win.  They have been in tougher situations in the past with less talent to work with and have made it happen.

Share your thoughts.  All you Patriot haters out there!  Come on, light me up!

Build Wealth and have a roof over your head

There has never been a better time than now to find that new home you have always wanted.  Interest rates are low, new home inventories are abundant and there are not a lot of other buyers out there during the holiday season.  Strike while the iron is hot!

Contact me for more information!  I would happily help you sell the home you are in now.

wmoore@innovativerealtyteam.com

603-818-3110

Credit Card Scam

I was reminded of an email I received recently after reading Gail  Gladstone's recent post "YOUR SKIN WILL TURN PURPLE" about email chain letters, phishing and the numerous other forms of junk and cheats we are exposed to daily.

This one does seem to be a legitimate issue and is verifiable through snopes.com

**********************

The Holiday Season is just a little bit down the road and the bad guys are already trying to get free stuff

by using your credit.

New Credit Card Scam Snopes.com says this is true. 

This one is pretty slick since they provide YOU with all the information, except the one piece they want.

Note, the callers do not ask for your card number; they already have it.  This information is worth reading.  By understanding how the VISA & MasterCard Telephone Credit Card Scam works, you'll be better prepared to protect yourself.

One of our employees was called on Wednesday from 'VISA', and I was called on Thursday from 'Master Card'.

The scam works like this: Person calling says, 'This is (name), and I'm calling from the Security and Fraud Department at VISA. My badge number is 12460.  Your card has been flagged for an unusual purchase pattern, and I'm calling to verify.  This would be on your VISA card which was issued by (name of bank).  Did you purchase an Anti-Telemarketing Device for $497.99 from a marketing company based in Arizona?'  When you say 'No', the caller continues with, 'Then we will be issuing a credit to your account. This is a company we have been watching and the charges range from $297 to $497, just under the $500 purchase pattern that flags most cards.  Before your next statement, the credit will be sent to (gives you your address), is that correct?'

You say 'yes'.  The caller continues - 'I will be starting a Fraud investigation.  If you have any questions, you should call the 1- 800 number listed on the back of your card (1-800-VISA) and ask for Security.

You will need to refer to this Control Number.  The caller then gives you a 6 digit number.  'Do you need me to read it again?'

Here's the IMPORTANT part on how the scam works. The caller then says, 'I need to verify you are in possession of your card.'  He'll ask you to 'turn your card over and look for some numbers.'  There are 7 numbers; the first 4 are part of your card number, the next 3 are the security Numbers' that verify you are the possessor of the card.  These are the numbers you sometimes use to make Internet purchases to prove you have the card.  The caller will ask you to read the 3 numbers to him.  After you tell the caller the 3 numbers, he'll say, 'That is correct, I just needed to verify that the card has not been lost or stolen, and that you still have your card.  Do you have any other questions?' After you say, 'No,' the caller then thanks you and states, 'Don't hesitate to call back if you do', and hangs up.

You actually say very little, and they never ask for or tell you the card number.  But after we were called on Wednesday, we called back within 20 minutes to ask a question.  Are we glad we did!  The REAL VISA security Department told us it was a scam and in the last 15 minutes a new purchase of $497.99 was charged to our card .

Long story short,we made a real fraud report and closed the VISA account.  VISA is reissuing us a new number.   What the scammers want is the 3-digit PIN number on the back of the card.  Don't give it to them. Instead, tell them you'll call VISA or Master card directly for verification of their conversation.  The real VISA told us that they will never ask for anything on the card as they already know the information since they issued the card!  If you give the scammers your 3 Digit PIN Number, you think you're receiving a credit.  However, by the time you get your statement you'll see charges for purchases you didn't make, and by then it's almost too late and/or more difficult to actually file a fraud report.

What makes this more remarkable is that on Thursday, I got a call from a 'Jason Richardson of Master Card' with a word-for-word repeat of the VISA scam.  This time I didn't let him finish.  I hung up!  We filed a police report, as instructed by VISA.  The police said they are taking several of these reports daily!  They also urged us to tell everybody we know that this scam is happening.

You might be a New Englander!

I'm proud to be a New Englander!!

Forget Rednecks .......here is what Jeff Foxworthy has to say about New Englanders...

If your local Dairy Queen is closed from September through May, you live in New England .

If someone in a Home Depot store offers you assistance and they don't work there, you live in New England .

If you've worn shorts and a parka at the same time, you live in New England .

If you've had a lengthy telephone conversation with someone who dialed a wrong number, you live in New England .

If "Vacation" means going anywhere south of New York City for the weekend, you live in New England .

If you measure distance in hours, you live in New England .

If you know several people who have hit a deer more than once, you live in New England .

If you have switched from "heat " to "A/C" in the same day and back again, you live in New England .

If you can drive 75 mph through 2 feet of snow during a raging blizzard without flinching, you live in New England .

If you install security lights on your house and garage, but leave both unlocked, you live in New England .

If you carry jumpers in your car and your wife knows how to use them, you live in New England .

If you design your kid's Halloween costume to fit over a snowsuit, you live in New England .

If the speed limit on the highway is 55 mph -- you're going 80 and everybody is passing you, you live in New England .

If driving is better in the winter because the potholes are filled with snow, you live in New England .

If you know all 4 seasons: almost winter, winter, still winter and road construction, you live in New England .

If you have more miles on your snow blower than your car, you live in New England .

If you find 10 degrees "a little chilly", you live in New England .

If there's a Dunkin Donuts on every corner, you live in New England

If you actually understand these jokes, and forward them to all your New England friends & others, you live in New England .

Elderly Tax Exemption Comparison Southern NH

I have posted a few times recently regarding the Elderly Tax exemption laws in NH.  The rules are determined on a town by town basis though they all follow similar guidelines and can change from time to time.  As the state of NH has no income or sales tax the state, county and town budgets must be supported by property taxes.  In order to relieve the tax burden on the elderly, towns will put exemptions in place.

The most common similarities seem to be that the benefits start at age 65 and to be eligible the homeowner must have been a resident for at least 3 years.  Once an eligible homeowner reaches 65 they can apply for the exemption.  Usuallly their application must be submitted to the town before April 1st.

The age range for benefits has three tiers.  The first is 65-74, then 75-79 and finally 80+.  The towns of Windham and Pelham offer full tax exemption for those over 80 years of age.

There are also income limitations as well as asset limitations.  These too vary on a town by town basis.  The highest income limits as well as asset limits are in Litchfield.  I have assembled some of the more relevant information below.  This information is accurate to the best of my knowledge but before making a final decision on what benefit works for you please follow up with the town or visit their website.