Observations From New Hampshire

Single family home sales through the 31st of October 2006 were down 23% from the same period last year. Single family home sales in the month of October were down 38% from last October. (Recall that sales in September were off 53% from a year earlier, so this is an improvement.) The number of si...

This is a perplexing market! Since late 2005 the real estate market has seen declines in the number of homes sold, increases in homes on the market, and falling prices. This is completely logical. Lower demand and higher supply inevitably leads to lower prices. The number of homes sold in 2006 i...