According to a recent Article in the Nashua Telegraph...the rate of Foreclosures increased in the last three months of the year.old guyFather Time has not been kind.....

  Data from the Hillsborough County Registry of Deeds shows that not only have more than twice as many been foreclosed on in 2007 (compared to 2006)...there were more than six times as many as 2005

 

 Both the State Realtor Organization and the New Hampshire Banking Association are predicting that repercussions from this "mess" probably won't peak until this coming Spring! It is looking like the expected numbers pf 2000 foreclosures could trim up to 1.4 percentage points from economic growth in the Manchester-Nashua area.

  Some Examples:                2006                                2007                         % increase

  Nashua                                59                                  134                               127%

  Manchester                          85                                  192                               126%

Hillsborough County               296                                  629                               112%

  Interestingly enough because of a relatively high household income and and fewer speculators than have been seen in Markets such as Florida.....southern New Hampshire, along with many other areas of the State, has avoided a large part of the Mortgage Meltdown!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  What will 2008 bring? Tarot Card Maybe it's in the cards?

 

  Concord New Hampshire Realtor Area Information

 

12 Comments on Hillsborough County Mortgage Crisis of 2007....Is It Over Yet?

Good thing that we like playing cards- it's anyone's guess!  Are you feeling better? 

01/12/2008 06:21 PM by Options Realty

 Laurie my friend...To be honest...I feel like C_ _ P!!

But I'm noble...I'll carry on! LOL

01/12/2008 06:39 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

Joan - it's refreshing to know Ohio is not alone.  But it's also disheartening to know that so many people in this country are having such difficulties.  For being the land of plenty we are certainly having to buckle down.

Glad to see you back.  Hope you're feeling better soon! 

01/12/2008 07:23 PM by Carol Smith, ReMax Preferred, REALTOR®, Toledo, OH (www.calltoledohome.com)

Thanks Carol...thanks again for the email!

01/12/2008 07:29 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

I saw the article in the Telegraph and it was not as bad as I thought it would be. On the other hand, I don't think we are out of the woods yet. New Hampshire has not had as many foreclosures as other states.  As far as I can tell none of my clients have gotten got up in this MESS!  Hope you are feeling better.

01/12/2008 07:50 PM by Joan Whitebook, ABR, e-Pro, CEBA (Buyer's Option Realty Services)

Joan, That's a cute card you've shown, I think things are bound to improve.  I'm SO sorry to hear you're not feeling better, I was hoping you would wake up this morning and be all well!

01/12/2008 09:39 PM by Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City)

I am tired of trudging through the snow to show a house that is freezing inside.

01/12/2008 10:41 PM by Jay McGillicuddy~Real Estate Broker (Prudential Verani Realty)

JOAN-  You just keep your head up and your heart free. You just might find that 2008 is the year of surprises. (The GOOD kind!) GBU!

01/14/2008 07:04 PM by Elizabeth Nieves - Bilingual Raleigh - Durham North Carolina Real Estate Team (The Elizabeth Nieves Realty Group @ Keller Williams)

Joan..I agree that we are faring better than a lot of places!Your county also has some pretty large urban areas too...which I'm sure skews it!

01/14/2008 08:41 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

Hi Carole...I found a neat site where you can label Tarot Cards....I figured you would recognize it!

01/14/2008 08:44 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

Opps Jay...looks like it will be a while longer!!

01/14/2008 08:45 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

Hi Elizabeth...heads up(when I'm not coughing) I'm counting on a better year. That's for sure!

01/14/2008 08:48 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)
Joan Mirantz- Concord New Hampshire Realtor
Concord, NH
More about me…
Keeler Family Realtors

Office Phone: (603) 225-3353 Ext.: 308
Email Me
Photobucket View Joan Mirantz's profile on LinkedInFind New Hampshire MLS Listings

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find NH real estate agents and Concord real estate here on ActiveRain.
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.
© 2007 ActiveRain Corp. All Rights Reserved