I recently attended an event where one of the guest speakers was Lawrence Yun, the Chief Economist for the National Assoc. of Realtors.  Below are some of the highlights.

• Home sales are the best they’ve been in 5 yrs.  Nationwide sales are up 8%.  As of September 2012, NH sales are up 19%.
• One reason for a slower recovery, aside from the credit bubble hangover, is that people are not moving as much right now.  (Mobility rate fell from 18% to 12%).
• Investors are back in the market and they are buying.
• The housing forecast is that we may see a 5% increase in NH home prices next year.
• Housing market will be a multi-year recovery.  Shrinking inventory will push prices higher.
• Nationwide, the median price of a home is up 11.4% from a year ago.  In NH, the median price, as of September was down 2.4%.

High affordability, job creation, and rising rents will be pushing the housing market forward.  There has NEVER been a better time to buy!  Give me a call if you don’t want to miss out on your buying opportunity.  Donna Forest, Broker Associate 603-526-4116; donna@donnaforest.com.