I recently watched a presentation by acclaimed economist Elliot Eisenberg titled Economy 2022 Growing & Slowing. He was extremely informative and I thought it is worth sharing just a few of the interesting points he mentioned.

• The housing shortage is due in large part to years of insufficient building. This will not be changing any time soon as builders face a lack of workers, a lack of affordable land to buy, and a scarcity in building materials. The cost of supplies are so high builders are not building entry level homes.
• The labor shortage is due to multiple factors – more than 3 million excess retirements - above the normal pre-pandemic retirement rate, the lack of daycare means one parent is staying home and not working, immigration has fallen, over 600,000 people left their current jobs to start their own business and more than 700,000 people have died of COVID.
• About 70% of the home sales in NH this year were purchased by people who already live in NH. Approx. 20% of the buyers were from MA and the remaining 10% of buyers were from other states/countries.

There are many factors and issues affecting the housing market. Whether buying or selling, contact me to work with someone who keeps up-to-date with the latest news and its impacts on you.

Contact Donna Forest: 603-526-4116; www.DonnaForest.com; Donna@DonnaForest.com

You’ll be moving in the right direction with Better Homes & Gardens Real Estate - The Milestone Team