The median sales price on houses in New Hampshire, which now exceeds $400,000, continues to outstrip what many people can afford. New Hampshire’s current vacancy rate for rentals is 1 percent. “When the influence of inflation on the price of staples such as groceries and gas are added to this mix, we can begin to understand how severely these market conditions are affecting the housing choices of low and middle-income New Hampshire residents,” said Rob Dapice, CEO and executive director of New Hampshire Housing.īut while some factors fueling the high cost of housing costs are new, one core issue, the lack of housing inventory, is not.Īccording to the report, the state is more than 20,000 units shy of what’s needed to achieve what the 5 percent rental vacancy rate indicative of what Dapice calls a “balanced market.” The rising cost of materials - which according to the National Association of Home Builders, are up 19 percent on the year, and by close to 36 percent since the start of the pandemic - are making it more expensive to build. With interest rates on the rise and housing inventory low, mortgage applications are dropping. That’s according to the Housing Market Report, issued by the New Hampshire Housing Finance Authority. New Hampshire’s housing market “presents extraordinary challenges for renters and homebuyers." The median sales price was a record $425,000 in April. He is a Chartered Real Estate Broker and past President of the Québec chapter of the Society of Industrial and Office Realtors (SIOR).With a rise in mortgage rates and the impact of inflation, the hot sellers' market in NH appears to be cooling a little bit. MacDougall holds a Bachelor of Arts from Bishop’s University.
MacDougall also held senior positions at First Québec Corporation (1986-1991) and Monit International (1991-1995). Before joining JLL, Robert founded Sotheby’s in Québec and was general manager of Colliers International Québec from 1995 to 2007. Robert is considered one of the most experienced and respected professionals in the Canadian real estate investment industry. The specialization also includes resort properties requiring a change of vision and/or an injection of capital. These files include urban development properties, heritage sites, large urban and rural lots, golf courses, distressed properties and unused industrial buildings. These properties are often of interest only to a limited circle of investors due to their composition, location, size or complexity. Typical files are complex in nature and sometimes require repositioning of the asset and identifying the best potential buyers. Robert specializes in the sale of land and special assets for investment and development purposes. He has completed over $500 million in transactions over the past five years on behalf of his clients. Robert joined Jones Lang LaSalle in 2011 as Senior Vice President, Capital Markets. MacDougall has over 40 years of experience in the commercial real estate industry.
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