Although the real estate market was tough in 2008 as you will see below, 105 homes sold in the Kittery area. People still have to move and homes still do sell regardless of the market. With that said, here is A LittlePerspective on the Real Estate Market:
• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.
Unfortunately...
• Over 20% of people with a mortgage owe more than their home is worth
• 40% of all homes in foreclosure are non-owner occupied (investments)
• There is $975 billion in consumer debt in America
Historic Facts...
• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months
• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)
• The normal recession lasts 7 to 8 months in total
• There have been 8 recessions and 1 depression in the past 100 years
• 8 times more millionaires are created in a recession
Here is the history on what happened in the Kittery area at year end...
**10 homes sold in November and December
**Year-to-date, 105 homes have sold
**18 homes are currently "pending sale" with active contracts
Although the real estate market was tough in 2008 as you will see below, 270 homes sold in the Hampton area. People still have to move and homes still do sell regardless of the market. With that said, here is A LittlePerspective on the Real Estate Market:
• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.
Unfortunately...
• Over 20% of people with a mortgage owe more than their home is worth
• 40% of all homes in foreclosure are non-owner occupied (investments)
• There is $975 billion in consumer debt in America
Historic Facts...
• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months
• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)
• The normal recession lasts 7 to 8 months in total
• There have been 8 recessions and 1 depression in the past 100 years
• 8 times more millionaires are created in a recession
Here is the history on what happened in Hampton at year end...
36 homes sold in the Hampton area in November and December:
Although the real estate market was tough in 2008 as you will see below, 264 homes sold in Portsmouth. People still have to move and homes still do sell regardless of the market. With that said, here is A LittlePerspective on the Real Estate Market:
• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.
Unfortunately...
• Over 20% of people with a mortgage owe more than their home is worth
• 40% of all homes in foreclosure are non-owner occupied (investments)
• There is $975 billion in consumer debt in America
Historic Facts...
• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months
• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)
• The normal recession lasts 7 to 8 months in total
• There have been 8 recessions and 1 depression in the past 100 years
• 8 times more millionaires are created in a recession
Here is the history on what happened in Portsmouth at year end...
28 homes sold in Portsmouth in November and December:
Although the real estate market was tough in 2008 as you will see below, 319 homes sold in Rochester. People still have to move and homes still do sell regardless of the market. With that said, here is A LittlePerspective on the Real Estate Market:
• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.
Unfortunately...
• Over 20% of people with a mortgage owe more than their home is worth
• 40% of all homes in foreclosure are non-owner occupied (investments)
• There is $975 billion in consumer debt in America
Historic Facts...
• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months
• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)
• The normal recession lasts 7 to 8 months in total
• There have been 8 recessions and 1 depression in the past 100 years
• 8 times more millionaires are created in a recession
Here is the history on what happened in Rochester at year end...
45 homes sold in Rochester in November and December:
Although the real estate market was tough in 2008 as you will see below, 111 homes sold in Barrington. People still have to move and homes still do sell regardless of the market. With that said, here is A LittlePerspective on the Real Estate Market:
• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.
Unfortunately...
• Over 20% of people with a mortgage owe more than their home is worth
• 40% of all homes in foreclosure are non-owner occupied (investments)
• There is $975 billion in consumer debt in America
Historic Facts...
• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months
• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)
• The normal recession lasts 7 to 8 months in total
• There have been 8 recessions and 1 depression in the past 100 years
• 8 times more millionaires are created in a recession
Here is the history on what happened in Barrington at year end...
17 homes sold in Barrington in November and December:
Although the real estate market was tough in 2008 as you will see below, 288 homes sold in Dover. People still have to move and homes still do sell regardless of the market. With that said, here is A LittlePerspective on the Real Estate Market:
• More than 1000 banks closed in 1930 (three years before the FDIC was created) BUT Only 14 banks have been taken over in 2008,
• There are 76 million households in the US that own their home--24 million of these homes are owned free and clear,
• There are 52 million homes with mortgages in the US; 97.2% of these are not in foreclosure AND 93.8% of these homes are current on their payments.
Unfortunately...
• Over 20% of people with a mortgage owe more than their home is worth
• 40% of all homes in foreclosure are non-owner occupied (investments)
• There is $975 billion in consumer debt in America
Historic Facts...
• The average real estate boom lasts 3 to 4 years, and the bottom lasts for 15 months
• This real estate boom lasted 9 years, so the bottom will likely last 2-3 years (start Jan. 2008)
• The normal recession lasts 7 to 8 months in total
• There have been 8 recessions and 1 depression in the past 100 years
• 8 times more millionaires are created in a recession
Here is the history on what happened in Dover at year end...
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Kittery/Eliot area market in October:
**10 homes sold in October
**Year-to-date, 105 homes have sold in the Kittery/Eliot area
**18 homes are currently "pending sale" with active contracts
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Hampton market in October:
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Portsmouth market in October:
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Rochester market in October:
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.
Although the real estate market was tough in 2008 as you will see below, 105 homes sold in the Kittery area. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:
Although the real estate market was tough in 2008 as you will see below, 270 homes sold in the Hampton area. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:
Although the real estate market was tough in 2008 as you will see below, 264 homes sold in Portsmouth. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:
Although the real estate market was tough in 2008 as you will see below, 319 homes sold in Rochester. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:
Although the real estate market was tough in 2008 as you will see below, 111 homes sold in Barrington. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:
Although the real estate market was tough in 2008 as you will see below, 288 homes sold in Dover. People still have to move and homes still do sell regardless of the market. With that said, here is A Little Perspective on the Real Estate Market:
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Kittery/Eliot area market in October: 
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Hampton market in October: 
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Portsmouth market in October: 
Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Rochester market in October: 
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