That would get you a townhouse or maybe a small house in my town. Prices haven't dropped in my town nor has supply improved much. I know that the national picture is that prices are dropping but I'm not seeing it locally yet.

If the Fed stays on hold for a year as they have indicated, prices should drop but the economy is very strong and they may have to raise rates higher than they thought.

That’s the trouble isn’t it, house prices drop but interest rates go up.

Our first mortgage was 10.15%. Prices had dropped about 40% from the high at the time. We put down 5% and then refinanced as rates dropped. That's the best way to do it from my perspective.

They are coming down, interest rates are in a weird spot right now. They are going up, then bleeding down. I hear people are getting in the 5's most recently. It will depend greatly on your circumstance of course. Hillsborough county, depending on where you land, can be expensive. But 400 is a good budget. I sent you a dm, we should chat.

10.15%? That was a deal. We had 12% and were thrilled to get it after seeing rates as high as 18%.

I certainly remember those days. Rates at 18% eventually killed housing prices setting up nice deals to buy at. You just had to have enough for a down payment and then you could refinance as rates got cut in half.

I'm not a real estate expert but from generally understanding how people work my take is that prices in NH are going to level out but aren't going to ever get that much lower.

NH and New England in general is an extremely attractive place to live and it's only going to get more attention.

I want to say I read that New England is like.... THE best positioned area in the world for climate change.

If I were a speculative real estate guy I'd be buying up Berlin.

This is correct. It is highly unlikely we'll ever see under 4 percent rates again in our lifetime. I was disappointed when I closed on my first house last year at 5 percent, until I realized historically that's still quite low. It wasn't uncommon to see 8 - 12 percent interest rates not too long ago.

NH has water in abundance this year whereas the west and parts of the south has been in drought for many years. The midwest and south have had tornado and severe storm problems and the Southeast has hurricanes to deal with. New England has cold weather, snow and ice storms sometimes but those are fairly straightforward to deal with.

I work within real estate and housing prices are stabilizing in most areas. Anything under $500K is still moving pretty quickly. There are still some sellers that are expecting to get multiple over asking offers, but those days are pretty much gone. Yes, interest rates seem high compared to 1.5-2 years ago, but they're not unreasonable. I think we're also getting back to more seasonal sales, which we also haven't seen in a couple years. I think we'll start to see more inventory come on the market closer to spring time and hopefully more reasonable pricing with it.

I’m hoping they’ll stay that way through the year!