Forty Percent of US households will be headed by someone 55 or older by 2012, and the over 55 population will reach 85 million by 2014, according to a new report by the National Association of Home Builders' 50+ Housing Council.
The number of households in the 65 - 74 age bracket will grow by 4.5 million between 2005 and 2014, an increase of 38 percent.
Profile of the 50+ Housing Market analyzes US Census Bureau data, provides demographic information, and forecasts housing characteristics, mobility, neighborhood attributes and other factors that will help determine the demand for housing for those over age 55. "Most boomer buyers don't need to move," Norman Cohen, the 2006 chairman of the NAHB 50+ Housing Council, said in a release. "They'll change homes when their lifestyles change - whether it's becasue they're starting a home-based business or just want to live maintenance free."
(article reprinted from The Residential Specialist) by Marie Mailhot www.MarieSellsNH.com
Thursday, May 10, 2007
Realtor Marie Mailhot is New Hampshire Marketing & Purchasing Expert
Marie Mailhot is a REALTOR
REALTORS follow a strict Code of Ethics and Standards of Practice of the National Association of REALTORS.
'R' is the hardest working letter of the alphabet! Real Strength. Real Advantages.
Email Marie with your questions and comments. Marie Mailhot is always available for you.
REALTORS follow a strict Code of Ethics and Standards of Practice of the National Association of REALTORS.
'R' is the hardest working letter of the alphabet! Real Strength. Real Advantages.
Email Marie with your questions and comments. Marie Mailhot is always available for you.
Monday, May 7, 2007
Soft Landing is seen in NH Housing Market
New Hampshire's housing market is experiencing a soft landing, according to those with an eye on the real estate field.
Residential homes in New Hampshire are staying on the market longer as sales volume has dipped, according to data from the NH Association of Realtors. But prices are holding steady. A total of 2,372 homes were sold in the first quarter of 2007, a drop of 6.1% compared to the year-ago quarter, and the average price for those sales dropped 2.5% year-over-year to $292,224. The homes sold had been on the market for an average of 137 days, compared to 104 for those sold in the year-ago quarter.
It's the second year in a row in which the first-quarter sales volume has fallen in NH, although prices have held steady over the past 2 years. In the first quarter of 2006, sales fell 8.1% compared to the year-ago quarter but prices actually rose 1.4%. Between the first quarter of 2005 and this year, prices rose 0.8%.
Tell me what you think of the Real Estate market in New Hampshire.
Ask Marie your questions and share your comments.
Residential homes in New Hampshire are staying on the market longer as sales volume has dipped, according to data from the NH Association of Realtors. But prices are holding steady. A total of 2,372 homes were sold in the first quarter of 2007, a drop of 6.1% compared to the year-ago quarter, and the average price for those sales dropped 2.5% year-over-year to $292,224. The homes sold had been on the market for an average of 137 days, compared to 104 for those sold in the year-ago quarter.
It's the second year in a row in which the first-quarter sales volume has fallen in NH, although prices have held steady over the past 2 years. In the first quarter of 2006, sales fell 8.1% compared to the year-ago quarter but prices actually rose 1.4%. Between the first quarter of 2005 and this year, prices rose 0.8%.
Tell me what you think of the Real Estate market in New Hampshire.
Ask Marie your questions and share your comments.
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