Why a Little New England Town Is Suddenly the Country’s Hottest Housing Market
The rushing Merrimack River in Manchester, New Hampshire
Over the past year, the real estate market has changed surprisingly as a result of the pandemic. Some home buyers have chosen to work remotely, while others have moved from cities to less populated areas. This has resulted in growth in some unexpected parts of the country. It remains to be seen whether this flow of people will persist or decrease in the coming months.
A new article by Business Insider's Libertina Brandt explores the city that has become an unexpected real estate hotspot over the past year. You could even say that what happens in Vegas doesn't necessarily stay in Vegas. Note, however, that we are not talking about Las Vegas here. Rather, it's all about ManchVegas - one of the nicknames for the low-key university town of Manchester, New Hampshire.
As Brandt writes, a new report on Realtor.com has named Manchester the hottest property market in the country. Real estate agent Jeff Nyhan told Buisness Insider, "If you currently have a home in the $ 300,000 to $ 400,000 range in the Greater Manchester area, it will be instantly available once you list it."
Manchester is relatively close to Boston but has cheaper real estate too, which explains why there is such a demand to live there. It doesn't hurt that there is an active cultural scene, including the Currier Museum and a number of colleges and universities. Could ManchVegas end up becoming the nation's pre-eminent Vegas? Stranger things have happened.
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The post Why a Small New England Town Suddenly Becomes the Hottest Housing Market in the Country first appeared on InsideHook.
Tobias Carroll's article Why a Small New England Town Suddenly Becomes the Hottest Housing Market in the Country was originally published on InsideHook.
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