No homes for sale? Look again.
Housing inventory is up in almost every state in the country.
More homes for sale but are they selling?
The answer to that question would be “yes”. Pending sales are sales that are in process but not yet closed with their new owners. Pending sales are an important indicator of market health and short-term sales because pending sales will become comparable sales once closed. In the New Hampshire Seacoast, there are currently 104 pending sales, a 13% increase over the same time period in 2022.
What about financing your new home?
There’s good news there too. Both Fannie Mae and Freddie Mac have a new, first-time buyer program. And more good news; they define a first-time buyer as anyone who had no ownership (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the security property. In both Rockingham and Strafford Counties, you can earn up to $169,000 annually and still qualify. The interest rate for this program is also about an eight of a point below the current, prevailing rates. We would be happy to introduce you to a local lender who can provide the best financing options for you and your budget.
What does this mean for you?
Remember, real estate is hyper-local. Partnering with experienced, local real estate agents like Ann Cummings and I will help you gain a better understanding of the inventory situation in our area. Let’s connect and get started helping you buy your next home. We can meet in person, via Zoom, or have a conference call.
Buying or selling a house can sometimes be a lot like working a jigsaw puzzle. Both Ann Cummings and I have many years of experience helping buyers and sellers just like you put the pieces together and have a completed sale to enjoy.Ann Cummings and Jim Lee, REALTORS, Homesellers