Banking and Finance

Broken promises

NH developer Robynne Alexander, who has admitted to fraud charges, has a long trail of projects she abandoned or was forced to drop

Would lower interest rates help NH’s real estate market?

As New Hampshire’s residential real estate market continues to trundle along — with an all-time high median price of $565,000 recorded in June for a single-family house — one spot of relief could be lower interest rates. That’s what President Donald Trump and officials in his administration are advocating. But Susan Cole, president of the New Hampshire Association of Realtors, cautions: Lower rates from the Fed isn’t a guarantee of lower mortgage rates.

What aging in place means for NH seniors and housing market

Nearly a third of New Hampshire residents are at least 60 years old. Almost 20 percent are older than 65. And most live in single-family residences they aren’t keen to give up anytime soon, one of a variety of contributing factors as to why there’s a shortage of available homes for sale in the state.

Needham Bank plans to acquire BankProv for $212 million

The holding company for Needham Bank plans to buy BankProv for $211.8 million in cash and stock, giving the Massachusetts-based bank a footprint in the Granite State. Ambury-Mass.-based BankProv, operates New Hampshire branches in Bedford, Exeter, Hampton, Portsmouth and Seabrook.