Rates versus Home Prices, plus - Vote for your Favorite Home!

Since we're rapidly approaching Christmas and most of you are probably too busy to read much in the way of real estate news, I'll keep this brief.  

If you noticed the recent increase in mortgage rates, you may be wondering how it will affect home prices.  Despite the obvious correlation that in order for monthly payments to remain the same, prices would need to be lower when there are higher interest rates, higher rates may not translate into lower home prices, since New Hampshire properties are already more affordable than they have been in a very long time.  Check out this article on the mortgage rate increase from the Smart Money section of the Wall Street Journal published on December 17th that includes a chart on interest rates versus year over year % change in home prices (with and without adjusting for inflation).

And now, for something a bit lighter: Take a look at pictures of 8 luxury homes in Asia and pick your favorite!

Okay, now get back to wrapping presents and have a wonderful Holiday!