Pub Crawl in Dover Encourages Business

Last weekend Dover, WHEB and Samuel Adams hosted the first Oktoberfest (yes, spelled with a "k"). Over 15 Dover pubs were visited by 2 crowds. Each establishment offered free appetizers demonstrating their menu. It was a great way to visit each of these pubs and taste their wares! Overfall it was a tremendous sucess, all tickets were sold out, the weather was perfect and a fun time was had by all. Looking forward to visiting some of these places and giving them our business in the future. Another reason to live in the Seacoast of New Hampshire!

Another Reason to Live in Newmarket!

This weekend is the Newmarket Heritage Festival, Sept 19,20, 21st. Learn about the community, it's history, the waterways while enjoying our local musicians and artisans. There will be food, music, kayak trips, historic tours, hands on traditional crafting to participate in, and much more. My son and his father will be entertaining together as the Thomsons. Visit http://www.heritage-festival.org/ for all the details! If you want to get a taste of this great community and what it has to offer as a place to live this would be the time to do it.

What Does the Takeover of Freddie Mac and Fannie Mae mean to Homebuyers?

The big news in the real estate market has been the takeover of Freddie Mac and Fannie Mae. These 2 mortgage giants buy mortgages from other investors. If it were not for these 2 organizations most of the investors, ie smaller mortgage lenders would not even exist. Most of the loans in the United States are sold to Freddie Mac and Fannie Mae. The Wall Street Journal wrote an excellent article on the takeover and what it means to the real estate market at the following link: http://online.wsj.com/article/SB122079276849707821.html?mod=fpa_mostpop
The most immediate outcome is that the mortgage rates ought to fall below 6% soon.

Photo: From the steps of my listing at Rivermoor Landing in Newmarket. This leads right out to the bay, saltwater access. This waterfront condo in the historic mill has been reduced to $155,000. Visit http://www.rominyrealestate.com/ for more photos

How the Rockingham and Strafford County of NH Real Estate Market Trends over the Longterm

The New Hampshire Association of Realtors is attempting to stress the importance of looking at long-term real estate trends, rather than the media-driven fascination with individual, year-over-year sales and price statistics. With that in mind, they compiled statewide and county data beginning in 1998, when the statewide median price for a single-family residential home was $127,500. That number rose to its peak of $270,000 in 2005, a remarkable 112 percent increase (a 16 percent per year average increase), since which time we've seen the modest median price declines (down 1.9 percent in 2006 and 1.6 percent in 2007) that seem more dramatic primarily because of the booming market in the seven years prior.
The information in the links below contains the statistics for Rockingham and Strafford County. We hope this helps to paint a picture of the market that is more encouraging for New Hampshire than what national headlines might lead one to believe, but most importantly it is a picture that is based in actual data rather than speculation. Click on the following 2 links for data: http://www.nhar.org/docs/2008/98-07Rockingham.pdf and http://www.nhar.org/docs/2008/98-07Strafford.pdf The above link's information was compiled by the NHAR with the information obtained from the Northern New England Real Estate Network.

Photo: Another great day at Hilton Park, Dover NH This is one of my favorite spots..I can kayak from the ramp easily, there is plenty of parking, facilities, striper fishing and it's all free to the public!