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Mixed Data on Housing Market

Photo by 'Images of Money' via Flickr Creative Commons

New data from the New Hampshire Housing Finance Authority paints a mixed picture of the State’s housing market. 

288 New Hampshire homes slipped into foreclosure in January. That’s a 22-percent decrease from the prior month, but still well above pre-recession levels.

“It is not a case of 'bam', we wake up one morning and the foreclosure issue is gone,” said Jane Law with NH Housing. She said the market is showing signs of a slow recovery. 

The high number of vacant homes continues to hurt home values. January data shows prices off 4-percent from January, 2011.

“The foreclosed properties out on the market have been a drag on the real estate market for several years now,” said Law. "Until those homes start to move--or the rate of new foreclosures sharply drops--prices are expected to stay low."

As a general assignment reporter, I pursue breaking news as well as investigative pieces across a range of topics. I’m drawn to stories that are big and timely, as well as those that may appear small but tell us something larger about the state we live in. I also love a good tip, a good character, or a story that involves a boat ride.
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