|Tight Housing Market in New Hampshire Continues,
Reflecting Low Inventory and Higher Prices
|The trend continues in New Hampshire’s housing market: a relatively low inventory of homes for sale, particularly in the entry-level range; higher prices for homes that are for sale; and a rental market with low availability of units and increasing rents. To some degree, this trend reflects positives like low unemployment and rising home prices.
According to New Hampshire Housing’s September 2017 Housing Market Update report, much remains the same about New Hampshire’s housing market over the past year. In more densely populated counties like Hillsborough, Merrimack and Rockingham – where most of the state’s businesses are located – home prices continue to rise.
In those areas and statewide, the inventory of homes for sale has decreased and in active markets the lack of inventory likely is slowing the pace of sales. While interest rates are still low, they may slowly increase over the next year.
The data also indicate that finding affordable housing is an ongoing challenge for both buyers and renters. This is of concern because our housing market needs to be responsive to shifts in the state’s demographics and economy. An adequate housing supply supports business growth and enables the state’s economy to grow.
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Source: seacoast-whc | EVENTS
The order deadline for our flower sale has been extended to May 17! Locally grown at Spider Web Garden’s in Tuftonboro, the geraniums will be available in white, pink or red, in generous 4 1/2 inch pots, for $5 each. Delivery is available in Wolfeboro and Tuftonboro for an extra $5. Download and order form here: 2017 GeraniumOrder.Form or pick up an order form locally at the WEDCO office, 7 Center St., Wolfeboro, or at a number of downtown locations.
WOLFEBORO — The Eastern Lakes Region Housing Coalition and Plan NH will present an information session on the New Hampshire Municipal Technical Assistant Grant (MTAG) program on Tuesday, Feb. 28 from 5:30 to 7:30 p.m. at the Huggins Hospital Medical Arts building’s Education Center in Wolfeboro.
Free onsite parking and refreshments will be available. In the event of inclement weather, the session will be held on Thursday, March 2, same location and time.
This will be Plan NH’s second round of funding for its MTAG Program, which, through a competitive application process, awards municipalities with grants from $2,500 – $10,000 for technical assistance (i.e., a planning consultant) to assist with increasing housing choices and options.
Funds may be used for reviewing current zoning, writing new regulations or re-writing existing regulations so that the community is more housing-friendly. The grants are aimed to develop regulations that lead to more housing options for households with changing and/or diverse needs and income levels. The grant requires a 25 percent cash match from the municipality, as well as community outreach and engagement in the process.
Town officials, planners and consultants in the field are all welcome to attend to learn about the application and to discuss their own pending applications, projects and goals. The application is due electronically to Plan NH by 5 p.m. on April 5, with decisions made by mid-May, and final agreements in place by June 30.
This session, based in the eastern Lakes Region, supplements two other information sessions, the first to be held at New Hampshire Housing, 32 Constitution Drive, in Bedford on Feb. 16 from 2 to 4 p.m. The Mount Washington Valley Housing Coalition will host an MTAG information session with LeBlanc as guest speaker on March 6, beginning at 5:30 p.m. at the Mount Washington Valley Technology Village in North Conway.