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Should I Wait To Buy A Home In Southern New Hampshire?

It's no secret that the Real Estate market has been a hot topic of conversation recently. But what does that mean for you?...

  • Suzanne Damon
  • May 16th, 2022
  • 2 min read
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It's no secret that the Real Estate market has been a hot topic of conversation recently. But what does that mean for you?  

 

Home prices are up 17% in the last 12 months! Furthermore, homeowners have gained over 9.9 trillion dollars in equity, and the average homeowner has secured $185,000 in home equity.

What Does That Mean For Buyers?

According to Rick Sharga, the head of data at research firm ATTOM, “It’s likely that equity will continue to grow through the rest of 2022.”

 

We know that the market has been good for sellers....For buyers, that a different story. 

 

You might not be surprised to learn that in a recent Gallup poll, only 30% of buyers said it was a good time to buy.

The question you might be asking yourself is, "Should I wait until the market cools down to buy a home?"

 What We Know: 

Over the last 47 years, home prices have appreciated 168 out of the 188 financial quarters.

Outside of the subprime crisis, there have only been 6 quarters where home values depreciated. And in most cases, it was less than ~1-2%. I know we're going to sound like a typical Realtor, but there really is never a bad time to buy a home with one caveat....You have to think long-term. The old adage is true - forget timing the market, focus on time in the market.

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About the author

Suzanne Damon

603-493-5561
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A long-time resident of the Manchester, NH area, Suzanne Damon has been a powerhouse in real estate for the past 29 years. Ranked among the top-producing agents in both New Hampshire and the United States, she leads The Damon Home Team with expertise, integrity, and a deep commitment to her clients. Suzanne’s entrepreneurial spirit started early—at just seven years old, she was pulling a wagon through the city, selling flowers from her garden. That same determination carried her through college debt-free and has fueled her success in the ever-evolving real estate market. She understands the rollercoaster of life and knows firsthand the challenges that come with buying or selling a home. Beyond real estate, Suzanne is the President of 1628 Group, a real estate development company focused on community growth. She is also deeply involved in giving back—serving as a Court Appointed Special Advocate (CASA) for children in need and proudly supporting Liberty House, a local organization dedicated to helping homeless veterans rebuild their lives. Hardworking, caring, and genuinely fun to work with, Suzanne and her team bring a no-pressure, results-driven approach to every transaction—because achieving your real estate goals should be exciting, not stressful. Reach out: www.TheDamonHomeTeam.com, 603-493-5561 call or text.

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The Damon Home Team

The Damon Home Team

4 Bell Hill Road, Bedford, NH 03110

The Damon Home Team

4 Bell Hill Road, Bedford, NH 03110

888-398-7062 *125
[email protected]
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