It appears that foreclosed homes are being snatched up in the State of New Hampshire at a relatively good clip.  And while this is certainly not happy news for the folks who lost these homes – at least it signals a willingness to buy on the part of both consumers and investors, as well as an ability for banks to shore up their balance sheets without too much pain.

According to a study reviewed by the Nashua Telegraph, around half the homes that were foreclosed on in 2008 in the state had sold by the end of Q1 of this year.  And of those that did sell, sold for an average of 16% less than the amount that was owed on them.

But what we found most interesting was that 9 out of 10 of the sales went to individuals rather than speculators/investors.  That tells us a couple of things.  First, every day people are getting access to capital.  Second, consumers are starting to see real estate inventory in their price range.

Both good.