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Attention Buyers and those thinking about buying a home in New Hampshire.
Did you know that New Hampshire is the Fifth healthiest State in the United States?
NEW HAMPSHIRE IS THE Fifth HEALTHIEST STATE IN AMERICA
When the United Health Foundation, the American Public Health Association and the Partnership for Prevention compiled its 20th annual list, New Hampshire came in Number 5 in the Nation!
Vermont #1
Utah #2
Massachusetts #3
Hawaii # 4
The World Health Organization defines health as "a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity."
Factors such as personal behaviors, the environment and community, policies of the national and state government as well as the care we receive are important components of what defines a healthy state.
New Hampshire received an excellent report card.
According to the report, New Hampshire has a low percentage of children in poverty ... 8.6 percent of persons under age 18, high immunization coverage with 85.0 percent of children ages 19 to 35 months receiving complete immunizations, a low violent crime rate at 157 offenses per 100,000 population, low geographic disparity within the state at 5.7 percent, a low premature death rate with 5,749 years of potential life lost before age 75 per 100,000 population and a low infant mortality rate at 5.7 deaths per 1,000 live births.
America`s Health RankingsTM is based on the perspective that, in addition to our individual genetic predisposition to disease, health is the result of four essential and controllable components:
Our behaviors
The environment of the community in which we live and work
The public and health policies and practices made by government and community leaders
The 20th anniversary rankings features updated state-specific rankings and is accompanied by a supplemental reportwith estimates of the financial impact obesity is expected to have on the nation - as well as each state specifically - in the next 10 years. The 20th Anniversary Edition of America`s Health RankingsTM has lots of data which one can compare and share. New interactive Web site tools make it possible to quickly scan key state statistics, as well as search and sort 20 years of data by state and health measure.
The New Hampshire Association of Realtors® released an enews letter today with good news for New Hampshire. According to economists at Moody’s Analytics, what is now being referred to as the Great Recession is technically over!
New Hampshire demographer and consumer markets expert, Peter Francesepoints out that until employment figures rise, it won’t feel so good. However, New Hampshire is in better shape than many states. The unemployment rate is now 7.2 percent (well below the national average of 10.2 percent). The good news is that it is not expected to rise above 7.8 percent before starting to fall sometime next year. The jobs report bodes well for the recovery of New Hampshire’s residential real estate values.
Median home prices in New Hampshire were still about 7 percent below October of 2008, but the difference is narrowing from monthly numbers that earlier this year ranged between 10 and 20 percent below 2008.
Francese opines that home prices in New Hampshire are stabilizing and will likely begin to increase in 2010.
New Hampshire has been considerably more fortunate with regard to home prices than many other states. Median home prices are expected to bottom out in 2010 at between 20 and 25 percent below their peak in 2005. Table I shows that residential home sales are likely to be about the same as last year, just above 10,000 units, and at a median sale price that will be within 10 percent of 2008. Table I shows residential home sales and median sale prices for first 10 months of 2009.
Table I shows residential home sales and median sale prices for first 10 months of 2009.
2009
Units sold
% change 2008-09
Median sale price
% change 2008-09
Jan
453
-15%
$200,000
-17%
Feb
505
-13%
$184,900
-20%
Mar
703
9%
$200,000
-14%
Apr
739
-11%
$204,900
-15%
May
881
-6%
$210,000
-13%
Jun
1,151
1%
$225,000
-12%
Jul
1,169
6%
$220,000
-10%
Aug
1,096
4%
$222,000
-7%
Sep
979
-3%
$214,900
-8%
Oct
1,083
8%
$210,000
-7%
YTD
8,857
0.3%
$210,000
-7%
Source: NNEREN
Table IIshows that in October, residential unit sales rose above last year's for seven of the state's 10 counties, and median sale price increased 9 percent in Belknap County, where nearly one-third of dwelling units are second homes. Condominium sales were also strong in October, when unit sales jumped 23 percent above October of last year at a median sale price just $100 below last year's $170,000.
Units sold
% change 2008-09
Median sale price
% change 2008-09
Belknap
66
6%
$192,875
9%
Carroll
79
-2%
$190,000
-12%
Cheshire
52
-2%
$160,450
-4%
Coos
41
8%
$89,000
-11%
Grafton
76
19%
$174,950
-6%
Hillsborough
283
10%
$224,000
-9%
Merrimack
125
18%
$189,000
-12%
Rockingham
230
9%
$255,000
-4%
Strafford
105
22%
$194,900
-10%
Sullivan
26
-40%
$150,000
-3%
Statewide
1,083
8%
$210,000
-7%
Source: NNEREN
Now may be a great time to buy a home in New Hampshire.
Visit New Hampshire .... New Hampshire was chosen as the Most Livable State in America! and the Third Healthiest State in America! Whether you are relocating to New Hampshire or already live in New Hampshire and you seek buyer focused representation, contact me, I would love to show you the New Hampshire Advantage!
_______________________________________
Portions of this post are included with permission from Peter Francese and the New Hampshire Association of Realtor®s. Statistics ~ "Copyright 2009 Northern New England Real Estate Network, Inc. The reproduction of these statistics is done with the permission of NNEREN. The statistics referenced herein are based solely upon listings submitted to the multiple listing service database of NNEREN and do not include all properties sold and marketed for sale. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. Any analysis or commentary related to these statistics is that of the commentator, and not that of NNEREN."
To New Hampshire consumers who may be considering buying a home or refinancing, this is an excellent guide to understanding APR. If you want more information on how to select a reputable lender, please feel free to give me a call. Thank you Bill for an excellent explanation.
Mortgage APR was designed to allow consumers to use one standardized number to compare each lender's rate for the same type of loan while rate shopping. It is supposed to represent the borrower's cost and it works like this.
If I lend you, $10,000 and, I charge a $500 Bump-ta-Bump Fee, you will actually receive $9,500, however you must still repay me $10,000. Mortgage APR is my real yield and your real cost on this loan.
We agreed that you will repay the loan at 8% interest on $10,000, HOWEVER you only received $9,500 therefore I will earn more than the 8.0% interest rate I charge on $10,000. In this case, my yield (APR) is 9.799% on the $9,500 you received.
APR is the lender's yield on dollars actually lent ($10,000 minus $500 = $9,500); in this case, the lender's yield (APR) on $9,500 is 9.799% (APR is computed as if the above example is a 30 year loan)
The $9,500 also represents the Amount Financed in the Truth In Lending (TIL) disclosure.
For those of you who use spreadsheets the Rate Function will find APR. Use the Amount Financed for Loan Amount and use the monthly payment on the actual loan amount.
Fees that must be subtracted from a mortgage loan to properly calculate Amount Financed for APR
Origination and Discount Points
Processing and Lender Fees
Pre-Paid Interest (Use 15 days when closing date is unknown)
Monthly Mortgage Insurance must be added to the payment of all FHA loans and Conventional loans greater than 80% loan to value.
The inclusion of Mi or MIP accounts for the large spread between Rate and APR on loans with mortgage insurance.
NOTES: FeesNot used in APR calculation; third party fees such as appraisal and credit. APR can only be compared on loans of the same type and amortization period
How Do APR Predators Work?
Many sophisticated borrowers shop interest rates by searching for lowest APR which, if property stated, is a valid way to compare similar loans. Unfortunately, APR is not always stated properly.
Prepaid Interest is understated - must be 15 days when closing date is unknown.
MI or MIP is not included in the APR on any online rate sites, Bankrate etc.
Some lenders do not include MI or MIP on their web sites such as Amerisave.com
Lender fees are either understated or not included in the APR calculation. This is a tricky one because No or Low Lender Fees does not necessarily indicate a predatory lender. Some lenders charge a higher rate and no points or fees for their so called "Zero Cost" loan. However, the "Zero Cost" rate will always be higher than a rate with points and/or fees.
Notes to the above:
there is no such thing as a Zero Cost loan and some states prohibit lenders from advertising Zero Cost Loans.
The spread between Rate and APR on loans greater than 90% LTV should be at least 0.700%. When it is not... you are being scammed
Rate - Points - Fees are all interdependent
The best way I can explain this is show various Rate - Point - Fee combinations where the lender is making the same gross profit on each combination.
In the examples below, we will use a $200,000 loan amount and Lender gross profit of $1,000, on a day when the Lender's cost for a 5.000% rate is par (0 point).
Best Rate: $1,000 Lender profit in various combinations of points and fees
Rate
Fees
Points
APR
Profit
5.000%
$1,000
0
5.044%
$1,000
5.000%
$500
0.250
5.044%
$1,000
5.000%
$0
0.500
5.044%
$1,000
Lowest Fees: You pay $0 points and fees and Lender's investor pays the lender $1,000 for the higher rate.
Rate
Fees
Points
APR
Profit
5.125%
$0
0
5.125%
$1,000
The point here is that lenders design their loans to provide talking points for their sales staff (loan officers). They all require a certain profit margin and it is not important the way the loan is structured as long as the closed loan delivers their required profit margin.
This illustration also points out the value of correctly stated APR as a way of comparing mortgage loans. For the sake of these illustrations, prepaid interest was not used. If 15 days PP was calculated it would have increased each APR by 0.019%.
"As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them."
John Fitzgerald Kennedy
Today is a day to remember all of the men and women who have served and those who are currently serving our country. These men and women have made and continue to make sacrifices so that we can live in a land of freedom.
On Verterans Day we thank all of the men and woman who have died, become wounded or disabled.
My broker's son, Tim, has served 4 tours of duty in Iraq. For the past 4 years he has not spent the holidays with his own family. This year he will be home for the holidays.
Tim is one of many veterans who has repeatedly volunteered to keep the the peace and to ensure our freedom at home at great sacrifice to his family and himself!
To Tim and his family, and all of the families who have given so much, we pray for a speedy return and for peace in the world! We thank you and your families for sacrificing so much.
America is not perfect, but it is the greatest democracy in the world and for this we say THANKS today.
New Hampshire's. Gov. John Lynch has issued a proclamation recognizing the 90th anniversary of Veterans Day and urging all New Hampshire residents to honor the many contributions made by our veterans.
In observance of Veterans Day, Gov. Lynch will address the Veterans Day ceremony at the State Veterans Cemetery in Boscawen. Later in the day, Gov. Lynch will participate in a ceremony naming the bridge at the intersection of Routes 12A and 123 the Alstead Veterans Memorial Bridge.
THANKS TO ALL OUR VETERANS AND GOD BLESS THE UNITED STATES OF AMERICA!
The Clydesdales are Coming to Merrimack, New Hampshire
The world famous Budweiser Clydesdale Hitch is coming to Merrimack, New Hampshire on November 7th!
Be sure to stop by Anheuser Buschhttp://www.budweisertours.com/to take pictures and view the Clydesdales as they are brushed, braided, and harnessed in the Old-World-Style Clydesdale Hamlet from noon to 1 p.m.
From 1 p.m. - 3 p.m., the horses will be hitched to the famous red beer wagon for parading and photo taking on the brewery's parking lot ... so long as the weather cooperates. I took this photo of one of the beautiful Clydesdales who resides in Merrimack.
You will also want to plan to take the complimentary tourof the Anheuser-Busch Merrimack brewery, which are offered from 10 a.m. - 4 p.m.
The tour is a lot of fun and is very informative. It includes a visit to the Brew House, cold cellars, and high-speed packaging lines.
Guests 21 years of age or older may sample Anheuser-Busch premium beers. There are also non-alcohol drinks for the kids!
Visit New Hampshire .... New Hampshire was chosen as the Most Livable State in America! and the Third Healthiest State in America! Whether you are relocating to New Hampshire or already live in New Hampshire and you seek buyer focused representation, contact me, I would love to show you the New Hampshire Advantage!
The Stambovskys found a nice Victorian home in the Village of Nyack, New York in 1991 and they made an offer. The purchase price was $650,000. The Buyers made a down payment of $32,500.
A couple of months after the contract was signed, Mr. Stambovsky was horrified when he learned that the home was known in the community to be HAUNTED!
Apparently, the phantasmal reputation of the house was commonly known in the Village of Nyack.
Surprisingly, the Sellers had publicized the ‘hauntings" to the local media and Reader's Digest. In 1989, the house was included in a five-home walking tour of Nyack and described in a November 27th newspaper article as "a riverfront Victorian (with ghost)."The Stambovskys were not from the area and did not know about the poltergeists.
The Stambovskys brought a legal action and alleged that the Seller and the Seller's agent should have disclosed the presence of ghosts. They wanted out of the contract because the presence of ghosts was not disclosed.
The trial court said no way! However, the case went up on Appeal and the Appellate court ruled that the Stambovskys could get out of the contract because, "As a matter of law, the House is Haunted".
The Appellate Court stated:
"While I agree with the Supreme Court that the real estate broker, as agent for the seller, is under no duty to disclose to a potential buyer the phantasmal reputation of the premises and that, in his pursuit of a legal remedy for fraudulent misrepresentations against the seller, plaintiff hasn't a ghost of a chance, I am nevertheless moved by the spirit of equity to allow the buyer to seek rescission of the contract of sale and recovery of his down payment."
The court reasoned that because the Seller had promoted the hauntings to several publications, she could not now deny the existence of ghosts. Therefore, the Appellate court ruled that under the equitable principals of the law, the Stambovskys were entitled to a refund of their down payment.
This was the Amityville house ~ Stambovsky v. Ackley (169 A.D.2d 254, 572 N.Y.S.2d 72). It was decided in 1991 by the New York Appellate Court.
When I first moved to New Hampshire and began my career in real estate, I was showing an older home in Atkinson, New Hampshire. It was a charming home -- All of a sudden, we heard a loud noise --the wind was whistling and a door slammed shut.
We all were trying to act like it wasn't any big deal. Then the lights started to flicker. I didn't know what to think - and up until that time, I hadn't thought about whether I REALLY believed in ghosts. My clients were very nervous.
Then to my surprise, the Real estate agent, said "Well, I guess that I should tell you that this house may have a ghost and the seller wanted me to share this with you." He went on to explain that a young child had died from a serious illness many years before, and the child could be heard crying from time to time. Some had speculated that the child's soul was "stuck" in the house.
The clients were not familiar with "haunted houses" and they decided they would buy a new contemporary instead!
There is also a "haunted" restaurant in Nashua, New Hampshire. The Country Tavern was built in 1741. It is a lovely restored farmhouse and is the home of a friendly ghost known as ELIZABETH.
The "haunted restaurant has been featured on "Hard Copy and "unsolved mysteries". I haven't met Elizabeth, but some staff members have met her. They say she is very friendly and likes to play pranks on the staff!
Here is a list of "haunted homes" and attractions in New Hampshire!
A Haunting Question: Got Ghosts? What is the DUTY TO DISCLOSE IN YOUR STATE?
- Does the seller's agent have a duty to disclose the phantasmal reputation of the premises?
- Does the seller have a duty to disclose the presence of ghosts?
- Does the buyer's agent have a duty to disclose the presence of ghosts?
What is the duty to disclose stigmatized property in your state?
HAPPY HALLOWEEN
Visit New Hampshire .... New Hampshire was chosen as the Most Livable State in America! and the Third Healthiest State in America! Whether you are relocating to New Hampshire or already live in New Hampshire and you seek buyer focused representation, contact me, I would love to show you the New Hampshire Advantage!
" We are all inventors, each sailing out on a voyage of discovery, guided each by a private chart, of which there is no duplicate. The world is all gates, all opportunities." Ralph Waldo Emerson
ENJOY THE JOURNEY
Visit New Hampshire .... New Hampshire was chosen as the Most Livable State in America! and the Third Healthiest State in America! Whether you are relocating to New Hampshire or already live in New Hampshire and you seek buyer focused representation, contact me, I would love to show you the New Hampshire Advantage!
Spiders, bugs, snakes, bats and all scary creatures are INVITED to this year's 7th Annual Nature Spooktacular to be hosted by the Peabody Mill Center in Amherst, New Hampshire on October 25 and October 26.
Friday Activities: 4:00-6:30 p.m. - Pumpkin Decorating (bring your own pumpkin),
Face Painting, Scarecrow Building (bring your own clothes), concession stand.
6:30-7:30 p.m. - Spooky Hike
7:30-8:30 p.m. - Gather around the campfire, Storytelling, Roast Marshmallows
Saturday Activities: All afternoon (2-5 p.m.) Sack races, three-legged race, dance the Cotton Eyed Joe, donut eating contest, leaf print making, mini wreath making, music 2:00-3:00 p.m. Dutch Oven cooking demo 2:00-4:00 p.m. Visit Misundertood Creatures 2:00-4:00 p.m. Contra Dancing2:30-3:30 p.m. Bridge Building 2:00-5:00 p.m. Farmer’s Market 3:30 p.m. Apple Pie Contest
Cost: Preregistration: $4 Amherst Resident, $6 Nonresident, $10 per Resident family, $14 Nonresident family At the Gate: $5 Amherst Resident, $7 Nonresident, $12 per Resident Family, $16 Nonresident Family Fee includes admission to activities on both days. Web Page: http://www.amherstnh.gov/pmec/
The PMEC is one of my favorite places to visit in Amherst. The mission of PMEC is "to foster an awareness, understanding and appreciation of the natural world, by offering environmental, conservation, and science programs... and to foster diligent stewardship of the environment so that future generations may inherit and continue to be inspired by the wonders of a protected and natural world."
The PMEC is an environmental and science education center located in Amherst, New Hampshire. It abuts almost 600 acres of Joe English conservation land. The PMEC is directed by the Amherst Recreation Department and it has numerous events and educational opportunities for the entire family.
Visit New Hampshire .... New Hampshire was chosen as the Most Livable State in America! and the Third Healthiest State in America! Whether you are relocating to New Hampshire or already live in New Hampshire and you seek buyer focused representation, contact me, I would love to show around.
If you like great food and want to support local businesses in Nashua, New Hampshire, plan to partake of the best food Nashua has to offer.
Seventeen downtown restaurants will be participating in the Fall Food Fest Week which takes place October 19 - 23.
Enjoy tasty entrees at Michael Timothy's, Black Orchid Grille, Express Cafe, Surf, Fody's Tavern, Stella Blu, Giant of Siam, Martha's Exchange, Pasterie Bleu, Pearl Street Pizza, Saffron Bistro, San Francisco Kitchen, The Peddler's Daughter, Thousand Crane II, Unums, Vietnam Noodle House and Villa Banca.
Many of the restaurants are offering special menus and discounted prices and you can see all of the discounts and promotions at the Great American Downtown Websites. There will also be free beer tasting at some venues, courtesy of Bellavance Beverage Co and other restaurants will some special wine offerings.
Saffron Bistro is offering a special menu where customers can sample a delicious 3 course meal for $25.00 per person. You will want to try the Buttercrumb Baked Haddock with asparagus and roasted potatoes, or perhaps, the homemade eclairs.
One of Nashua's newer restaurants in the downtown area is the Thousan Crane II. They will be offering three course dinners for $19.95.
Villa Banca is a great Italian restaurant and will feature specials during the week both at lunch and dinner. Try their Gorgonzola artichokes and have some tiramisu for dessert!
One of Nashua's oldest restaurants is Michael Timothy. It is an elegant restaurant. Michael Timothy wll be offer some three course, affordable dinners in celebration of Oktoberfeast like schnitzel, sauerbraten, red cabbage, spaetzle and bratwurst.
Many of the participating restaurants are offering a discount from 10 to 15% of the entire bill, so don't miss this opportunity to try out some of Nashua's fine restaurants at affordable prices and enjoy the Fall season!
Disclaimer: Information herein may come from various sources, some of which may not be reliable and may change without any notice. Joan Whitebook does not guarantee or is any way responsible for the accuracy of the information in this blog and information provided is without warranties of any kind, either express or implied. Information on this blog represents the opinions and ideas of the author; comments by others may not express the views of the author. Buyer's Option Realty, Janet White, owner/broker.
The 4th Annual fine arts festival Will take place this weekend in Hollis, New Hampshire.
Steve Previte is the father of the Fine Arts Festival. He saw a need to introduce area artists to the public and a fall festival is the perfect time of year, with New Hampshire's tapestry of color!
The festival will showcase fine art featuring over 80 artists from all over New England.
Artists will be displaying a variety of media including oil, acrylic, pastel, watercolor, graphics and photography.
The fine art festival will feature artists who are beginners, veteran artists and those who pursued art later in life.
WHEN: October 17 - 18
WHERE: Nichols Field (on Depot Road in Hollis.
Hollis, New Hampshire is a beautiful town, I hope you can make it to the art festival!
A New Hampshire Green Get-A-Way
Come to New Hampshire .... New Hampshire was chosen as the Most Livable State in America! and the Third Healthiest State in America! Whether you are relocating to New Hampshire or already live in New Hampshire and you seek buyer focused representation, contact me, I would love to show around.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
NEW HAMPSHIRE IS THE Fifth HEALTHIEST STATE IN AMERICA
Bill Ladewig
Posted by 
Spiders, bugs, snakes, bats and all scary creatures are INVITED to this year's 7th Annual Nature Spooktacular to be hosted by the 
;)
;)
