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NH Housing report shows rising rents, home prices

NH Housing report shows rising rents, home prices
ARE LOOKING FINDING AN , AFFORDABLE PLACE TO LIVE COULD ABE CHALLENGE FOR THE NEAR FUTURE. JOANNE BOWNE’S FAMILY LOST THEIR APARTMENT DURING COVID. SHE SAYS THEY’VE BEEN LOOKING FOR SOMEWHERE TO LIVE IN THE MANCHESTER AREA FOR THE PAST TWO YEARS BUT AREN’T HAVING ANY LUCK. >> IT’S VERY, VERY DIFFICULTO T FIND ANYTHING AVAILABLE THAT’S LESS THAN $2,000 A MONTH FOR A FAMILY. HANNAH: DATA FROM A NEW HAMPSHIRE HOUSING MARKET REPORT SHOWS RENT HAS INCREASED ALMOST 30% IN HILLSBOROUGH, STRFOAFRD AND GRAFTON COUNTIES IN THE STPA FIVE YEARS. ADD INFLATION TO THE MIX -- >> IT IS UNAFFORDABLE. HANNAH: ROB DAPICE IS THE EXECUTIVE DIRECTOR OF NEW HAMPSHIRE HOUSING. HE SS AYTHAT’S MAKING IT DIFFICULT FOR MANY FAMILIES TO MOVE OUT OF APARTMENTS INTO THEIR FIRST HOMES PUTTING MORE , PRSUESRE ON THE RENTAL MARKET. >> AS PEOPLE DEAL WITH INCREASED COSTS ELSEWHERE, THE LAST THING THEY NEED IS TO GO TO BUY A HOME AND NDFI OUT THEIR PAYMENT IS $500 IN EXPECTED. HANNAH: IN THE MEDIAN HOME SALES APRIL, PRICE HIT $425,00 A0, RECORD HIGH. ONE LOCAL REALTOR SAYS DESPITE THE HIGH COSTS, NOW CAN BE A GOOD TIME TO BUY BECAUSE IT'’ LESS COMPETITIVE. >> I THINK THAT WE HAVE A STLIL A VERY STRONG HOUSING DEMAND THAT IS OUT THERE. BUT WHEREVER PEOPLE ARE, THEY MIGHT BE SAYING, LOOK, IT’S CEUNRTAIN. I’M NOT SURE. SO I THINK I’LL WAIT THIS OUT AND SEE WHAT HAPPENS GOING FORWARD. HANNAH: IF YOU’RE STRUGGLING WITH THE CURRENT HOUSING CONDITIONS, DAPICE SAYS NEW HAMPSHIRE HOUSING IS WORKING WITH SEVERAL AGENCIES AROUND THE STATE ON SOME RELIEF PROGRAMS. WE HAVE MORE INFORMATION ABOUT THAT ON WMUR.COM AND OUR MOBILE
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NH Housing report shows rising rents, home prices
Rising interest rates, soaring inflation and economic uncertainty are some of the factors contributing to the Granite State's turbulent housing market.

Rising interest rates, soaring inflation and economic uncertainty are some of the factors contributing to the Granite State's turbulent housing market.

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