Delinquencies and foreclosures
As of this past August, the percentage of all mortgages in some stage of
foreclosure stood at 0.76 percent nationally, according to the Black Knight
Mortgage Monitor. For New Hampshire, the foreclosure rate as of the same
period was even lower, at 0.4 percent. The state also recorded a 3. 6 percent mortgage delinquency rate this past August, according to the report,
compared to the national mark of 3. 9 percent. A report by CoreLogic states
that, as of July 2017, the foreclosure rate nationally had hit a 10-year low.
Foreclosure activity (as measured by auctions and real estate owned)
is down significantly in New Hampshire since first-quarter 2012, when
there were 2,271 filings, according to Attom Data Solutions. Foreclosure
filings in third-quarter 2017 registered at 444, an 80 percent decrease
from first-quarter 2012.
Between April 2009 and September 2011, during the Great Recession and
its immediate aftermath, the U.S. unemployment rate never dropped
below 9 percent, and spiked as high as 10 percent in October 2009.
As of this past October, the national unemployment rate was 4.1 percent.
By contrast, during the Great Recession era, New Hampshire’s unemployment rate never rose above 6. 6 percent, U.S. Bureau of Labor
Statistics data show. As of this past October, the state’s unemployment
rate stood at 2.7 percent, 1.4 percentage points below the national rate.
A New Hampshire state government study projects that through 2022,
employment gains are expected in every sector other than manufacturing. Health care will be the big winner, accounting for nearly
30 percent of all news jobs over the 10 years ending in 2022.
Sources: Boston Globe, CoreLogic, Federal Reserve Bank of St. Louis, fosters.com, National
Association of Manufacturers, National Shooting Sports Foundation, New Hampshire
Association of Realtors, New Hampshire Business Review, New Hampshire College &
University Council, New Hampshire Employment Security, New Hampshire High Tech
Council, New Hampshire Housing Finance Authority, New Hampshire Public Radio, New
Hampshire Union Leader, New Hampshire Works, The Computing Technology Industry
Association, U. S. Department of Commerce, U. S. Department of Labor, U. S. News and
World Report, UNH Today
Bill Conroy is editor in chief of Scotsman Guide Media.
Reach him at (800) 297-6061 or email@example.com.
The largest city in New Hampshire with a population of 110,000, Manchester is located along the Merrimack River some 50 miles north of
Boston. It was once home to the world’s largest textile mill complex.
Today, Manchester’ revitalized mill district has been converted into a
thriving business park with a heavy technology focus, and the city’s
economy is now recognized for its diversity. The median listing price
for a home in the city this past September was $230,000, according
The capital of New Hampshire since 1808, Concord was originally
settled by Native Americans thousands of years ago. Its state capitol
building, unveiled in 1819, is the oldest in the nation in which the legislators still meet in their original chambers. Concord also is recognized
as a cultural center, boasting the Capital Center for the Arts, the Granite
State Symphony Orchestra and the Red River Theatres, among other
venues. Realtor.com reports that the median listing price for a home in
Concord this past September was $230,000.
Home to the University of New Hampshire, which has an undergraduate enrollment of some 13,000 students, Durham was settled
originally in 1669 and later incorporated in 1732, likely in honor of
a Puritan bishop. The college town boasts a $30 million mixed-use
development known as Madbury Commons located in the heart of
downtown that includes student housing and a major university
technology lab. The median listing price for a home in Durham this
past September was $365,000, Realtor.com reports.
3 Cities to Watch
New Hampshire Foreclosure Activity
Source: Attom Data Solutions