A Swarm of Locusts…oh my!!!

August 2008 Market Trend Report

Sometimes I am very glad I live in Little old New Hampshire where our traditional values and lifestyles set us apart from the rest of New England and often times the nation. While our market has been a challenge and we’re seeing agents leave the business because they can’t make ends meet in real estate anymore. We are far better off than many other states.

I remember the last real estate market correction we had which resulted in many agents leaving for greener pastures and those that stayed behind to struggle it out learned a valuable lesson. What goes up does come down and often times up again. It is a cycle and timing is everything.

This months NHAR market reports hits on topics near and dear to us all and as usual Peter Francese is right on the mark with his opinions. The Market Trend report is re-printed in it’s entirety with permission of NHAR.

Whats Next A Swarm of Locusts?

Maybe, but not Here …
-by Peter Francese
Just when it was starting to look like there was a hint of stability in housing prices – WHAM! – Wall Street firms start crashing. Who knew they lived so close to the edge?
The psychological and perhaps economic impact on consumers, many with heavy 401-K exposure, can only be bad.

Here in little old New Hampshire, far from the perils of Wall Street, things don’t look so bad.

Read more

Popularity: 4% [?]