Published: 6/5/2021 9:09:07 PM
Driven in large part by the pandemic, NH’s residential real estate market has been red hot, but it won’t last forever, says Matt Neuman, owner and operator of Absolute Title in Bedford.
As the economy adjusts to the Biden administration, Neuman anticipates the market will slow down and mortgage rates will increase in the fall.
That prediction is bolstered by a recent report from the National Association of Realtors (NAR) that shows pending home sales dipped for a second straight month in February in each of the four major U.S. regions. The Pending Home Sales Index, an indicator of home sales based on contract signings, dropped 10.6% in February. Year-over-year contract signings fell 0.5%.
“The demand for a home purchase is widespread. Multiple offers are prevalent and days-on-market are swift, but contracts are not clicking due to record-low inventory,” says…