Latest Links: Big Bank Settlement No Cure-All For NH Foreclosures, House-Flipping Makes A Comeback In The Granite State

New Hampshire’s Business And Economic News In Brief

Big Banks Slow to Settle N.H. Foreclosures – “It’s been four months since the nation’s largest banks reached a $25 billion dollar settlement with the U.S. Justice Department and 49 states over alleged foreclosure abuses.In New Hampshire, the deal means $43 million dollars to help troubled homeowners.The Attorney General’s Office says banks have slowly begun to take action.  Despite improvements, some say its clear homeowners need more help.” NHPR

‘Home-flippers’ return to real estate market in New Hampshire  – “More than a quarter of all the homes sold in New Hampshire in the first quarter of the year were distressed properties, meaning that “home-flippers” are coming back on the market, according to a newly released report. According to the inaugural RE/MAX of New England Investment Insight Report, during the first quarter of 2012, 26 percent of all home sales in New Hampshire involved a real estate-owned or short-sale property.” New Hampshire Business Review

Portsmouth anticipates $410K parking revenue surplus – “With only days until the fiscal year ends, parking revenue projections show the city will bring in more than $400,000 in surplus funds.” SeacoastOnline.com

Study measures economic impact of N.H. summer camps – “Beyond teaching kids how to water ski, horseback ride and aim for the bull’s-eye, summer camps directly contribute $163 million to the New Hampshire economy each year, according to a new economic impact study.” New Hampshire Business Review