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New Hampshire's Housing Market Shows Strength

Foreclosure sign
Jeff Turner via Flickr/CC 2.0 - http://ow.ly/LV7pt
/

New Hampshire remains on track to have the fewest number of home foreclosures in six years.

In October, 239 homes fell into foreclosure. That’s a slight uptick from September, but the state is projected to have less than 3,000 total foreclosures for the year, the lowest since 2007.

A healthier economy and slowly rising home prices are clear indications of an improving market, according to Jane Law, Director of Communications at New Hampshire Housing Finance Authority.

Law says more lenders are allowing short sales, which is good news for homeowners who owe more than their homes are worth.

"For those who were not terribly underwater, they many now be able to get out of their home, if there run into some difficulties, which is something that they haven’t been able to do for quite a while."

Law says clearing the glut of foreclosed or distressed properties will further push up housing prices in the state.

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