Vol.41, No.03
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W E E K O F M O N D A Y, J A N U A R Y 2 1 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
MORTGAGE LENDING
111 AMHERST ST.......................................................$12,950,000 B: Sarnia Seacoast LLC S: 1933 Assoc LLC Mtg: Camden National Bank $9,712,500
Pool of Qualified Borrowers Deepens With Increased Mortgage Limit
Wolfeboro
More First-Time Homebuyers, Fewer Refinancings
Manchester
144 SPRINGFIELD POINT RD.......................................$7,752,466 B: Allen R Mcguire Jr Tr, Tr for AWM T S: John Thomas Rich Sr Tr, Tr for Lakeside T Use: 1-Family, Lot: 309276sf
Concord 5 CHENELL DR..............................................................$5,500,000 B: Fivekph LLC S: Sennen/Chenell LLC Mtg: Merrimack Cnty SB NH $6,400,000 Use: Office Bldg-general, Lot: 192535sf
Portsmouth 14 MARKET SQ.............................................................$4,250,000 B: J&S Investments LLC S: BNG Properties LLC Mtg: BNG Properties LLC $3,150,000 Use: Retail-department Store, Lot: 3136sf
Concord 53 REGIONAL DR..........................................................$2,500,000 B: Fivekph LLC S: Sennen LP Mtg: Merrimack Cnty SB NH $6,400,000 Use: Office Bldg-general, Lot: 174676sf
Lebanon 79 SEMINARY HL.........................................................$2,250,000 B: Gros Ventre River LLC S: UGR Properties LLC Mtg: Peoples United Bank $1,800,000 Use: Apartment Bldg - 9 + Units, Lot: 112820sf
New Castle 148 PORTSMOUTH AVE................................................$2,250,000 B: Thomas P Shippee & Kathleen R Shippee S: Edmund C Tarbell 2nd Mtg: Federal Savings Bank $1,350,000 Use: Accessory Land Improved, Lot: 26572sf
Nashua E HOLLIS ST.................................................................$1,810,000 B: E Hollis St Acquisition S: Henry Hanger And Display Fixture Corporation
Wolfeboro 112 SEWALL RD L:2.....................................................$1,665,000 B: Devora LLC S: Thomas D Mceachern & Rebecca R Mceachern Use: 3 Bdrm Ranch, Lot: 43996sf
Portsmouth 137 NEW CASTLE AVE.................................................$1,387,533 B: Patrick B Diggelmann & Egle M Diggelmann S: Darryl E Mojdehi Use: 3 Bdrm Antique, Lot: 5510sf
BY BRAM BERKOWITZ BANKER & TRADESMAN STAFF
T
he Federal Housing Finance Agency has raised the conforming mortgage loan limits by 6.9 percent for 2019 to account for an ongoing rise in national home values, equivalent to the amount property values rose between the third quarters of 2017 and 2018. The bump, according to industry experts, could present a good opportunity for first-time homebuyers, but is less likely to have an impact in New Hampshire’s southeast and other counties near expensive metropolitan areas. “In my opinion, it impacts the first-time homebuyers the most,” Shant Banosian, a loan originator with Guaranteed Rate, told The Registry Review. “It opens up the ability to borrow to more consumers and more homebuyers. This will create the opportunity for homeownership for more people.” After a decade of stagnant conforming loan limits, the FHFA has now raised the limit in each of the last three years. The maximum loan amount in 2019 for a one-unit property in most counties across the country will be $484,350, a $31,250 increase from the $453,100 limit in 2018. This conforming limit, however, will be higher in counties with significantly higher median home values.
In Rockingham and Strafford counties the conforming limit is set at $688,850. In New Hampshire’s other eight counties, the limit is $484,350. As of mid-December 2018, lenders in New Hampshire originated 168 single-family purchase mortgages in the range between $453,100 and $484,350 out of 13,778 total single-family purchase mortgages originated that year,
according to data from The Warren Group, publisher of The Registry Review. Banosian said homeowners might see opportunities to consolidate a first and second mortgage, but the bigger opportunity – although it does depend on the county – is for first-time homebuyers. A wider pool of people will qualify for conforming mortgages under the new rates.
New Hampshire Market Statistics
Continued on Page 12
TO OUR READERS
Single-Family Sales By Month 2,500 2500
T
he Registry Review has for many years been a terrific source of
real estate data in New Hampshire, but it has the potential to be much more. Beginning with this issue, the
INDEX
2,000 2000
REAL ESTATE RECORDS
1,500 1500
from the staff of The Warren Group,
1,000 1000
news briefs from real estate and fi-
500 500
state; and analytics from The Warren
PG COUNTY
TRANSACTIONS THRU
3 Belknap ���������������������������� 01/08/19 4 Carroll ���������������������������� 01/08/19 4 Cheshire ������������������������ 01/08/19 4 Coos �������������������������������� 01/08/19 5 Grafton ���������������������������� 01/08/19 5 Hillsborough ������������������ 01/08/19 7 Merrimack ���������������������� 01/08/19 7 Rockingham ������������������ 01/08/19 9 Strafford ������������������������ 01/08/19 9 Sullivan �������������������������� 01/08/19 9 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
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newspaper will now feature articles publisher of The Registry Review; nancial institutions throughout the Group’s proprietary data products.
Jan. Feb. Feb. March Mar. April Apr. May May June Jun. July Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. ’18
news, feedback and story ideas to us at editorial@thewarrengroup.com.
Number 1500 of 1,500 Sales 1200 1,200 900 900 600 600
300 300 00
We invite readers to submit their
Dec. Dec. Dec. Dec. ’13 ’14
Dec. Dec. ’15
Dec. Dec. ’16
Dec. Dec. ’17
Dec. Dec. ’18
Dec. 2013 Dec. 2014 Dec. 2015 Dec. 2016 Dec. 2017 Dec. 2018
Number of Sales
Change Prior Year
1,085 1,138 1,410 1,397 1,362 1,234
2.65% 4.88% 23.90% -0.92% -2.51% -9.40%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
©2019 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
Sincerely, Cassidy Murphy Associate Publisher The Warren Group