New Hampshire
N.H. housing market presents ‘extraordinary challenges for renters and homebuyers’
New Hampshire’s housing market “presents extraordinary challenges for renters and homebuyers.”
That’s based on the Housing Market Report, issued by the New Hampshire Housing Finance Authority.
With rates of interest on the rise and housing stock low, mortgage functions are dropping.
The rising price of supplies — which based on the Nationwide Affiliation of Dwelling Builders, are up 19 % on the yr, and by near 36 % for the reason that begin of the pandemic — are making it dearer to construct.
“When the affect of inflation on the worth of staples reminiscent of groceries and fuel are added to this combine, we will start to know how severely these market circumstances are affecting the housing selections of low and center revenue New Hampshire residents,” mentioned Rob Dapice, CEO and govt director of New Hampshire Housing.
However whereas some components fueling the excessive price of housing prices are new, one core situation, the shortage of housing stock, just isn’t.
In accordance with the report the state is greater than 20,000 models shy of what’s wanted to realize what the 5 % rental emptiness charge indicative of what Dapice calls a “balanced market.”
New Hampshire’s present emptiness charge for leases is 1 %.
The median gross sales value on homes in New Hampshire, which now exceeds $400,000, continues to outstrip what many individuals can afford.
With home costs that prime, important employees, together with firefighters, academics and nurses, incomes median wages for his or her jobs assuming a 20 % down cost, can be unlikely to qualify for a 30-year mortgage.
Secord dwelling purchases in New Hampshire, in the meantime, proceed to climb.
In accordance with the report, the proportion of loans issued to buy second houses elevated in each New Hampshire county between 2018 and 2020.
In Carroll County, loans on second houses accounted for practically half of all new mortgages.
Second dwelling loans accounted for a few third of recent mortgages issued over the identical interval in Grafton County; the numbers have been related in Coos and Belknap Counties.
New Hampshire
More Snow For New Hampshire This Week Should Make It A White Christmas
But now, just days away, it looks like it will be white.
After the coldest weekend of the year — there were 20 below-zero wind chill temperatures on Sunday morning in the North Country, there will be a bit of a warm-up into the 20s on Monday with sunny skies and a light breeze.
Overnight, snow is expected sometime after 8 or 9 p.m. in Concord and the capital region, 10 p.m. on the Seacoast, and after 2 a.m. Tuesday in Nashua and Hillsborough, and Rockingham county communities, with temperatures in the teens. About an inch of snow is expected Monday evening.
Snow is expected to continue Tuesday through the early afternoon.
Forecasters warned of possible driving issues on Monday night and Tuesday morning.
“A light snowfall is likely on Monday night into early Tuesday, bringing slick travel conditions,” the NWS hazardous weather outlook alert stated.
Accumulations will be light — no more than 2 inches in the central and southern parts of the state.
The sun returns on Tuesday afternoon, but the evening temperatures will still be chilly in the teens.
Christmas Day will be sunny, with highs in the lower 30s during the day and in the teens overnight.
Expect similar weather on Thursday, Friday, and Saturday.
The most up-to-date weather is available on every Patch.com site in the United States. This includes the 14 New Hampshire Patch news and community websites for Amherst, Bedford, Concord, Exeter, Hampton, Londonderry, Manchester, Merrimack, Milford, Nashua, North Hampton, Portsmouth, Salem, Windham, and Across NH. Patch posts local weather reports for New Hampshire every Sunday and Wednesday and publishes alerts as needed.
Do you have a news tip? Please email it to tony.schinella@patch.com. View videos on Tony Schinella’s YouTube.com channel or Rumble.com channel. Follow the NH politics Twitter account @NHPatchPolitics for all our campaign coverage.
New Hampshire
City Of Concord Library: Christmas Eve Early Closure
The library will be closing early on Tuesday, December 24, at 12pm. We will be closed Wednesday, December 25th, and will resume of normal hours on Thursday, December 26th. The CPL wishes you a happy holiday!
This press release was produced by the City of Concord. The views expressed here are the author’s own.
New Hampshire
Hypothermic hiker rescued after stranded in waist-deep snow amid wind chills near zero
MOUNT LAFAYETTE, N.H. – A hiker was rescued on Thursday after becoming lost and suffering from hypothermia during a solo hike in central New Hampshire.
Patrick Bittman, 28, of Portland, Maine, had embarked on a hike to see the sunrise from Mount Lafayette on Wednesday night.
Officials said Bittman came upon deep blowing snow near the summit of Little Haystack on Franconia Ridge, forcing him to come back down the mountain.
On his return, however, he became lost and ended up moving into the Dry Brook drainage, where temperatures dropped to around 20 with wind chills near zero.
After spending the night lost on the mountain, Bittman called 911 on Thursday morning. He said that his limbs were frozen, he was experiencing hypothermia and that he was no longer able to move through the snow, which was several feet deep.
HOW TO WATCH FOX WEATHER
Ground crews with the New Hampshire Fish and Game Department and Pemi Valley Search and Rescue Team, along with an aerial crew with the Army National Guard, responded to his call.
However, they faced poor visibility from cloud cover and intermittent snow squalls over the steep terrain and thick vegetation, forcing them to adjust their approach to rescuing Bittman.
The first ground rescuers had to spend an hour bushwhacking 1,000 feet of vegetation off the trail to reach Bittman by early Thursday afternoon. By then, he was found suffering severe hypothermia and was placed in an emergency sleeping bag for shelter and given warm, dry clothes and warm fluids.
Two hours later, weather conditions allowed for the Army National Guard to reach Bittman with a medic. They hoisted the young man into the helicopter and then was flown to a local hospital for treatment.
“This aerial rescue saved a multi-hour carry out thru rugged terrain and is a testament as to how search and rescue works in New Hampshire with several different groups working together for a common goal,” New Hampshire Fish & Game officials said.
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