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October NHHFA Housing Market Report Released
October 14, 2020
The new edition of NHHFA’s Housing Market Report has been released.
With the arrival of fall, we are more than seven months into the COVID-19 pandemic and assessing its impact on the state’s economy and housing market. The data reveal a surprisingly robust housing market here and nationally, due in large part to record-low interest rates. Unemployment data show the impact of COVID on those who can — and can’t — work from home.
In this edition, we explore what the data show thus far about how COVID-19 is impacting New Hampshire’s homeowner and rental markets. We know that the state and federal eviction and foreclosure moratoria have so far kept many people in their homes despite financial stress from job loss or a reduction in work hours. And we offer two commentaries on migration into the state and the demographic implications for New Hampshire’s housing market.
About New Hampshire Housing: As a self-supporting public corporation, New Hampshire Housing Finance Authority promotes, finances and supports affordable housing. NHHFA operates rental and homeownership programs designed to assist low- and moderate-income persons with obtaining affordable housing. We have helped more than 48,000 families purchase their own homes and have been instrumental in financing the creation of more than 15,000 multi-family housing units.
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