2009 is off to a great start! The ski area has had a lot of traffic and our office has been quite busy during what is typically a slower part of the year. One thing that I believe is really just starting to help our economy is how low interest rates are. I’m looking at refinancing and I should be able to get around 4.5-4.7% which will save me well over $200 a month!

Housing prediction–First off it would absolutely rock to have a crystal ball that told me everything, however the following is my best assumption of what the next year or so may have in store for us. I think that for the next few months we’ll see the Sunapee area real estate market continue to drop a bit lower but eventually start leveling out this summer and then staying level for much of 2010. As far the drop goes, I can’t see it being much more if even 2%.

Below is a chart with data for residential sales in the Sunapee Region.  Compared to my previous posts, I have added the towns of Salisbury and Danbury which brings the total towns to 18.

For additional information on sales in the Lake Sunapee region please click through to my blog at http://sunapeeregionblog.com/2009/01/15/2008-year-in-review/

Source:
SunapeeRegionBlog.com