Latest news with #GraniteState
Daily Mail
4 days ago
- Business
- Daily Mail
The picturesque state where soaring house prices are pushing out regular hardworking people
Housing prices have soared in New Hampshire. The Granite State's median home price hit $565,000 last month and has no plans of cooling off. While the start of the summer is typically a popular time to buy, the record-breaking prices continued a five-year long streak of ever-climbing home prices, and it's bringing rich new residents in and pushing locals out. Nick Taylor, the director of Housing Action New Hampshire, said that the influx of affluent, out of state homebuyers, is leaving a lot of locals in the lurch. He told New Hampshire Bulletin: 'When teachers, first responders, and hardworking Granite Staters can't find homes they can afford, it threatens the strength of our communities and economy.' Housing Action New Hampshire reported that the state needs nearly 90,000 new, affordable homes by 2040 to accommodate the rising population. Adam Gaudet, the former president of the New Hampshire Association of Realtors and the owner of 603 Birch Realty agreed. He told Daily Mail: 'What feels like a great deal to someone moving to New Hampshire, feels unaffordable to many New Hampshire natives.' Gaudet said one of his clients was a single father in his 40s, forced to live with his parents for three years while he saved for a home for his family. Gaudet said the COVID-19 pandemic played a big role in the recent switch of the real estate market. 'The lifestyle and work changes that we saw as a result of [the pandemic] made New Hampshire more appealing than ever to out-of-state buyers who were more open to the idea of living more rural, while paying no income or sales tax.' In 2019, prior to the pandemic, the median price for a home was only $300,000. Gaudet explained that there has been a decrease in the number of homes on the market in the state as the demand has continued to rise. As a result prices continued to increase and have remained at 'record levels'. For reference, experts believe that the last year for a 'balanced market' in New Hampshire was June 2016 when there were over 7,000 homes for sale. This year there are less than 2,500 in the same month. According to Gaudet, that's especially affecting first-time buyers. He said: 'If you have a home to sell, you can afford to move into that next level home – but the first time buyers who don't have a home to make profit from are the ones hurt the most.' The construction of new homes has slowed in recent years as well, adding to the strain on the housing market. Many homeowners don't want to sell while interest rates remain high. 'Buyers today are not rushing to make over-asking offers like we previously saw,' said Gaudet. 'They're more patient and no longer waiving inspections or appraisals.' He said his average listing is about three bedrooms and sits comfortably at the median or just below. Properties closer to nearby cities like Boston or mountains and beaches tend to sell for more. As New Hampshire becomes more and more expensive for locals, Taylor's organization is advocating for more legislative action. He said: 'A bipartisan group of lawmakers took meaningful steps this legislative session to allow more attainable housing options, but with record high prices, it's clear the work is far from done.'
Daily Mail
4 days ago
- Business
- Daily Mail
Why housing prices have soared in New Hampshire
Housing prices have soared in New Hampshire. The Granite State's median home price hit $565,000 last month and has no plans of cooling off. While the start of the summer is typically a popular time to buy, the record-breaking prices continued a five-year long streak of ever-climbing home prices, and it's bringing rich new residents in and pushing locals out. Housing Action New Hampshire reported that the state needs nearly 90,000 new, affordable homes by 2040 to accommodate the rising population. Adam Gaudet, the former president of the New Hampshire Association of Realtors and the owner of 603 Birch Realty, agreed. He told Daily Mail: 'What feels like a great deal to someone moving to New Hampshire, feels unaffordable to many New Hampshire natives.' Gaudet said one of his clients was a single father in his 40s, forced to live with his parents for three years while he saved for a home for his family. Gaudet said the COVID-19 pandemic played a big role in the recent switch of the real estate market. 'The lifestyle and work changes that we saw as a result of [the pandemic] made New Hampshire more appealing than ever to out-of-state buyers who were more open to the idea of living more rural, while paying no income or sales tax.' In 2019, prior to the pandemic, the median price for a home was only $300,000. Gaudet explained that there has been a decrease in the number of homes on the market in the state as the demand has continued to rise. As a result, prices continued to increase and have remained at 'record levels'. For reference, experts believe that the last year for a 'balanced market' in New Hampshire was June 2016 when there were over 7,000 homes for sale. This year there are less than 2,500 in the same month. According to Gaudet, that's especially affecting first-time buyers. He said: 'If you have a home to sell, you can afford to move into that next level home – but the first-time buyers who don't have a home to make profit from are the ones hurt the most.' The construction of new homes has slowed in recent years as well, adding to the strain on the housing market. Many homeowners don't want to sell while interest rates remain high. 'Buyers today are not rushing to make over-asking offers like we previously saw,' said Gaudet. 'They're more patient and no longer waiving inspections or appraisals.' He said his average listing is about three bedrooms and sits comfortably at the median or just below. Properties closer to nearby cities like Boston or mountains and beaches tend to sell for more.
Yahoo
07-07-2025
- Business
- Yahoo
New Hampshire home prices hit all-time record high
Median home prices in New Hampshire hit a record high of $565,000 in June, more evidence of a housing crisis in the Granite State, according to the New Hampshire Association of Realtors (NHAR). NHAR says while the number could fluctuate slightly in either direction with additional sales data, the $565,000 represents a 4.6% increase from the previous median price high of $540,000 set in June 2024 and tied in May. It also marks the 65th consecutive month that the state has seen a monthly price increase compared to the same month of the prior year. 'The idea of owning a home is becoming more challenging for too many New Hampshire residents, especially young families and first-time home buyers,' NHAR President Susan Cole said in a statement. 'Demand for housing in our state is still very high, and these numbers suggest that trend is not going away soon.' There were 2,431 single family residential units on the market at the end of June. NHAR said the last time New Hampshire had a balanced housing market – October 2016 – there were 7,112 homes for sale. There's been a 66% decline in homes on the market since that time. 'Yes, there are more houses on the market than there were a few years ago, but it's very important to keep that in context,' Cole said. 'You don't get the full picture unless you look back 10 or 15 years and compare this to a healthy market.' Cole said it's important to remember that while national headlines describe a more robust inventory recovery, New Hampshire has not caught up to that trend. In May there was a 4.6-month housing supply nationally (the amount of time it would take to sell the current housing stock) while New Hampshire had less than half that — a 2.1-month supply. A balanced market is generally thought to be a supply of between 5 to 7 months. Cole said state legislators recently passed legislation designed to increase inventory and address affordability issues including: • House Bill 577, which expands the ability of property owners to build an accessory dwelling unit (ADU) on their property. • House Bill 631, which would require municipalities to allow multi-family residential development on commercially zoned land, provided adequate infrastructure (roads, water, and sewage systems) is available or provided to support the development. • Senate Bill 284, which mandates that towns can only require one parking space per housing unit on new development. State home prices in 2024 set an annual record for the seventh straight year. The median home price was $514,000 statewide in 2024, 9.4% higher than the prior year. Annual price records have been set every year since 2018, according to figures from NHAR. The annual price has risen for 13 straight years, but the first six of those years were not records. pfeely@
Yahoo
25-06-2025
- Politics
- Yahoo
Former Trump Ambassador Scott Brown launches bid to flip key battleground Senate seat from blue to red
EXCLUSIVE — Saying he wants to help secure America's future and deliver results for New Hampshire families, former ambassador and former Sen. Scott Brown on Wednesday launched a Republican Senate campaign in the key New England swing state. "My life has been the American story, but I worry about what America is going to look like for my four grandchildren — and all of yours," Brown said in a campaign video announcement, which was shared first nationally with Fox News. Brown is a former senator from neighboring Massachusetts and the 2014 GOP Senate nominee in New Hampshire who later served as U.S. ambassador to New Zealand in President Donald Trump's first administration. He becomes the first major Republican to jump into the 2026 battle to succeed retiring longtime Democratic Sen. Jeanne Shaheen. It's expected to be a competitive and expensive race for a seat the GOP is working to flip from blue to red. New Hampshire, along with Georgia and Michigan, are the three top targets for Senate Republicans as they aim to expand their 53-47 majority in the chamber. First On Fox: Republican Launches Second Straight Bid To Flip Democrat-held Senate Seat In Key Battleground While Republicans enjoy total control of New Hampshire's state government, the Granite State, for nearly a decade, has had an all-Democratic congressional delegation. Read On The Fox News App And Brown took aim at them in an interview with Fox News Digital, arguing that "they're just really out of touch with the values of New Hampshire. … I think we can do better. "I'm looking to help save America and help protect our New Hampshire advantage," Brown added, referring to the state's economic and social characteristics, which have long made it attractive for businesses and residents. Only On Fox News: Senate Republican Campaign Chair Reveals How Many Seats He's Aiming For In 2026 In his campaign launch video, Brown criticized former President Joe Biden and Rep. Chris Pappas of New Hampshire, who at this early date appears to have cleared the field in the race for the Democratic Party Senate nomination. Pointing to what he charged was "the soaring inflation, open borders, rising crime and extreme-left policies" of the Biden administration, Brown argued, "Chris Pappas has stood with Joe Biden every step of the way, from opening the border to driving up the cost of everything. It's time for a change." Pappas quickly fired back. "While Scott Brown looks for yet another opportunity to do Wall Street's bidding and blindly support President Trump and his agenda, I'll always put New Hampshire first," the four-term congressman said in a statement to Fox News. Brown has made a handful of trips to the nation's capital to meet with GOP leaders and officials, including National Republican Senatorial Committee Chair Tim Scott of South Carolina. And Brown told Fox News he's been dealing with the Trump political team. "I support him. I would love his support," Brown said of his former boss, whom he noted he voted for in the 2016, 2020 and 2024 presidential elections. In his announcement video, he added that "President Trump is fighting every day to right the ship." Top Political Handicapper Reveals Democrats Chances Of Winning Back The Senate Majority Pointing to the military strike the president launched on Iran's nuclear sites over the weekend weekend, Brown said Trump's decision was "brilliant, and he should be commended." And he criticized Pappas for saying in a statement, "I am monitoring the situation in Iran closely." "There's nothing to monitor. The president did the right thing," Brown argued. The New Hampshire Democratic Party, in a taste of things to come, took aim at Brown. "Scott Brown is a Trump loyalist running for Senate to do the bidding of Wall Street and big corporations and support Trump's reckless agenda of chaotic tariffs, gutting Social Security, Medicare, and Medicaid, and pushing an extreme abortion agenda. New Hampshire voters rejected Brown once before, and they will reject him again," longtime state party chair Ray Buckley argued in a statement. While Brown is the first major Republican in the race, he may not have the GOP primary field to himself. Republican businessman and attorney Phil Taub, best known for his Swim with a Mission charity supporting veterans, is considering a run. Among the others mulling a bid are state Sen. Dan Innis and businessman Walter McFarlane. Brown made headlines in 2010 as a state senator in blue state Massachusetts when he won a special U.S. Senate election to serve the remainder of the term of the late longtime Democratic Sen. Ted Kennedy. After losing re-election in 2012 to Elizabeth Warren, Brown eventually moved to New Hampshire, the state where he had spent the first years of his childhood and where his family had roots dating back to the colonial era. He launched a Senate campaign months later and narrowly lost to Shaheen in the 2014 election. After hosting nearly all the Republican presidential candidates in the 2016 cycle at speaking events he called "No BS backyard BBQs," Brown eventually endorsed Trump in the weeks ahead of New Hampshire's first-in-the-nation primary. After Trump was elected president, he nominated Brown as U.S. ambassador to New Zealand, where the former senator served for four years. Returning to New Hampshire at the end of the first Trump administration, Brown supported his wife Gail, a former television news reporter and anchor, as she ran for Congress in 2022. And the Browns also stayed politically active in other ways, once again hosting many of the Republican presidential candidates at their "Backyard BBQs" during the 2024 presidential cycle. Asked in May 2023 if he'd consider another Senate run, Brown told Fox News Digital, "Of course." Brown jumped in late in the 2014 campaign, just seven months before Election Day. This time around, the 65-year-old Brown, who competed in nine triathlons last year and who, on average, performs around 40–50 gigs a year as lead singer and guitarist with the rock band Scott Brown and the Diplomats, is giving himself plenty of political runway. Brown has been crisscrossing New Hampshire since late last year, meeting with Republican and conservative groups. "It's different than when I ran before,," Brown told Fox News. "I've now had the opportunity to go to places that, quite frankly, I didn't have time to do [in his 2014 campaign]. I've been meeting with people, meeting with everybody."Original article source: Former Trump Ambassador Scott Brown launches bid to flip key battleground Senate seat from blue to red
Fox News
25-06-2025
- Politics
- Fox News
Former Trump Ambassador Scott Brown launches bid to flip key battleground Senate seat from blue to red
EXCLUSIVE — Saying he wants to help secure America's future and deliver results for New Hampshire families, former ambassador and former Sen. Scott Brown on Wednesday launched a Republican Senate campaign in the key New England swing state. "My life has been the American story, but I worry about what America is going to look like for my four grandchildren — and all of yours," Brown said in a campaign video announcement, which was shared first nationally with Fox News. Brown is a former senator from neighboring Massachusetts and the 2014 GOP Senate nominee in New Hampshire who later served as U.S. ambassador to New Zealand in President Donald Trump's first administration. He becomes the first major Republican to jump into the 2026 battle to succeed retiring longtime Democratic Sen. Jeanne Shaheen. It's expected to be a competitive and expensive race for a seat the GOP is working to flip from blue to red. New Hampshire, along with Georgia and Michigan, are the three top targets for Senate Republicans as they aim to expand their 53-47 majority in the chamber. While Republicans enjoy total control of New Hampshire's state government, the Granite State, for nearly a decade, has had an all-Democratic congressional delegation. And Brown took aim at them in an interview with Fox News Digital, arguing that "they're just really out of touch with the values of New Hampshire. … I think we can do better. "I'm looking to help save America and help protect our New Hampshire advantage," Brown added, referring to the state's economic and social characteristics, which have long made it attractive for businesses and residents. In his campaign launch video, Brown criticized former President Joe Biden and Rep. Chris Pappas of New Hampshire, who at this early date appears to have cleared the field in the race for the Democratic Party Senate nomination. Pointing to what he charged was "the soaring inflation, open borders, rising crime and extreme-left policies" of the Biden administration, Brown argued, "Chris Pappas has stood with Joe Biden every step of the way, from opening the border to driving up the cost of everything. It's time for a change." Brown has made a handful of trips to the nation's capital to meet with GOP leaders and officials, including National Republican Senatorial Committee Chair Tim Scott of South Carolina. And Brown told Fox News he's been dealing with the Trump political team. "I support him. I would love his support," Brown said of his former boss, whom he noted he voted for in the 2016, 2020 and 2024 presidential elections. In his announcement video, he added that "President Trump is fighting every day to right the ship." Pointing to the military strike the president launched on Iran's nuclear sites over the weekend weekend, Brown said Trump's decision was "brilliant, and he should be commended." And he criticized Pappas for saying in a statement, "I am monitoring the situation in Iran closely." "There's nothing to monitor. The president did the right thing," Brown argued. On the eve of Brown's campaign launch, the New Hampshire Democratic Party pilloried Brown as a "Trump loyalist" and charged that he "has a decade-long, extreme record on abortion." While Brown is the first major Republican in the race, he may not have the GOP primary field to himself. Republican businessman and attorney Phil Taub, best known for his Swim with a Mission charity supporting veterans, is considering a run. Among the others mulling a bid are state Sen. Dan Innis and businessman Walter McFarlane. Brown made headlines in 2010 as a state senator in blue state Massachusetts when he won a special U.S. Senate election to serve the remainder of the term of the late longtime Democratic Sen. Ted Kennedy. After losing re-election in 2012 to Elizabeth Warren, Brown eventually moved to New Hampshire, the state where he had spent the first years of his childhood and where his family had roots dating back to the colonial era. He launched a Senate campaign months later and narrowly lost to Shaheen in the 2014 election. After hosting nearly all the Republican presidential candidates in the 2016 cycle at speaking events he called "No BS backyard BBQs," Brown eventually endorsed Trump in the weeks ahead of New Hampshire's first-in-the-nation primary. After Trump was elected president, he nominated Brown as U.S. ambassador to New Zealand, where the former senator served for four years. Returning to New Hampshire at the end of the first Trump administration, Brown supported his wife Gail, a former television news reporter and anchor, as she ran for Congress in 2022. And the Browns also stayed politically active in other ways, once again hosting many of the Republican presidential candidates at their "Backyard BBQs" during the 2024 presidential cycle. Asked in May 2023 if he'd consider another Senate run, Brown told Fox News Digital, "Of course." Brown jumped in late in the 2014 campaign, just seven months before Election Day. This time around, the 65-year-old Brown, who competed in nine triathlons last year and who, on average, performs around 40–50 gigs a year as lead singer and guitarist with the rock band Scott Brown and the Diplomats, is giving himself plenty of political runway. Brown has been crisscrossing New Hampshire since late last year, meeting with Republican and conservative groups. "It's different than when I ran before,," Brown told Fox News. "I've now had the opportunity to go to places that, quite frankly, I didn't have time to do [in his 2014 campaign]. I've been meeting with people, meeting with everybody."
