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Irish mist · 06-09-2007, 09:18 PM

This is a difficult question......and this is JMO, so take it for what it's worth. For the first time in my memory prices in central NH have not gone down as fast as they have in the greater Boston area, or Massachusetts in general. In the past a vacation area like the lakes Region really would suffer much more than the rest of the state, and especially Boston. I'm guessing we are down about 5% in value whereas Boston is close to 15% down.

This real estate slow-down started in about May 2005, and I suspect we are about half way through it. So if you wait a while longer to purchase real estate I suspect it will not hurt you. And will perhaps drop another 5% or so.

What's changed in the Lakes Region from the past is that the baby-boomers are starting to retire, and this area has become a prime retirement place. Many people that would have gone to Florida in the past are having second thoughts because of the taxes & the horrible house insurance situation that has developed down there.

I think that in 2 or 3 years from now prices are going to start going up again......fast ! BTW I'm not involved in the real estate industry, lol. I just have an interest in this subject. I would love to read some thoughts from local real estate pros on what they think the future of the central NH real estate market is

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Toyota Curren

06-09-2007, 09:18 PM	#2
Irish mist Senior Member Join Date: Dec 2006 Posts: 683 Thanks: 127 Thanked 85 Times in 49 Posts	This is a difficult question......and this is JMO, so take it for what it's worth. For the first time in my memory prices in central NH have not gone down as fast as they have in the greater Boston area, or Massachusetts in general. In the past a vacation area like the lakes Region really would suffer much more than the rest of the state, and especially Boston. I'm guessing we are down about 5% in value whereas Boston is close to 15% down. This real estate slow-down started in about May 2005, and I suspect we are about half way through it. So if you wait a while longer to purchase real estate I suspect it will not hurt you. And will perhaps drop another 5% or so. What's changed in the Lakes Region from the past is that the baby-boomers are starting to retire, and this area has become a prime retirement place. Many people that would have gone to Florida in the past are having second thoughts because of the taxes & the horrible house insurance situation that has developed down there. I think that in 2 or 3 years from now prices are going to start going up again......fast ! BTW I'm not involved in the real estate industry, lol. I just have an interest in this subject. I would love to read some thoughts from local real estate pros on what they think the future of the central NH real estate market is ________ Toyota Curren Last edited by Irish mist; 02-27-2011 at 09:51 PM.