It is said that real estate in New Hampshire is such that it reflects the American Dream. To see how far this is true we first need to look at what exactly these American Dreams so frequently discussed are. It is said to be "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position. We further dig down to see how NH Real Estate portrays this dream.
Some say, that the American Dream has become the pursuit of material prosperity - that people work more hours to get bigger cars, fancier homes, the fruits of prosperity for their families - but have less time to enjoy their prosperity. Others say that the American Dream is beyond the grasp of the working poor who must work two jobs to insure their family’s survival. Yet others look toward a new American Dream with less focus on financial gain and more emphasis on living a simple, fulfilling life.
The New Hampshire Real Estate is divided into four major categories according to the location; Lake Region, seacoast region, Merrimack valley region, Dartmouth/Sunapee region, Monadnock Region, Great North Woods region and the White Mountains region real estate. The sprawling suburban homes with one-acre lots, picket fences and plenty of lawn to mow were previously in trend but these days, many young professionals, empty-nesters and retirees across the country ether downsize or look for a more chic and affordable lifestyle. Downtown has gained popularity instead. Developers in the NH real estate business are creating more compact residential opportunities in mixed-use zones where people can walk, take the bus or even ride their bike which is indeed a very appealing lifestyle product. This is one way whereby the Americans Dream of a simple yet content life is seen to be fulfilled. Furthermore, the range of housing alternatives offered provide people of differing income levels, lifestyles and family types the opportunity to live, work and enjoy their leisure downtown. Downtown establishments in the New Hampshire Real Estate also help support existing retail and service businesses while encouraging new establishments to open that cater more to the immediate needs of a residential community. These developments are expected to increase the number of people patronizing downtown establishments without significantly adding to traffic or increasing demands on parking.
According to the latest figures from the New England Economic Partnership, New Hampshire’s economic growth continues to outpace the rest of the region, as it has for many years. One of the main reasons the state has enjoyed its above average growth has been the many highly skilled people who moved to the state during the past two decades. But that in-migration has now slowed to near zero, in part because the supply of housing has not kept pace with demand.
There are at least three big legs that support housing demand in the New Hampshire Real estate: workers, retirees and second-home owners. Workers represent by far the biggest source of housing demand, however. States and communities that welcome new families and view them as a critical part of workforce will always do better than places that are more interested in stopping growth and preserving the status quo. NH Real Estate communities used to be a lot more welcoming of young families than they are now, as evidenced by the recent rapid growth of child-proof housing.
