After six years year of declining home values, we are seeing light at the end of the tunnel.   More and more economists & analysts are now predicting prices to gain about 7% this year.    Lawrence Yun, the National Association of REALTORS® Chief Economist, raised his forecast to 7% from 4%, because he expects inventory shortages will persist.  The Wall St. Journal (3/27/13) reports that home-price appreciation is accelerating in much of the US.  Steady increases in sales and a drop in inventory are impacting the NH housing market as well.  The median price of a NH home sold this February ($199K) was 12% higher than the median price of a house sold last February.  Sellers have less competition than they’ve had in years.  For example, right now there are 52 homes for sale in New London.  Last year at almost any given time, there were well over 100 houses for sale.  In fact, many agents are seeing multiple offer situations; something not seen since 2005.  Buyers can no longer afford to sit on the fence.  They should be jumping to take advantage of the still relatively low prices and interest rates.   If you are thinking of buying or selling, give me a call to work with a REALTOR® who knows how the market impacts you.  603-526-4116, www.donnaforest.com“Word of Mouth” is the best advertisement, and we love it when you refer your friends and family to Coldwell Banker Milestone Real Estate.