More on Demographics and Real Estate

Below is another article about demographics and other real estate trends that builds on the research of Arthur C. Nelson. It came to my attention after being posted by City of Hartford COO David Panagore. This continues on the themes of Mr. Condon’s piece from Sunday and our take on specific neighborhoods that may benefit from the market shifts. I’ll be honest, I couldn’t get through the whole thing in the first sitting, but when

A New Home for Steve Jobs

Steve Jobs, Apple CEO and technology visionary, has a gift for designing things. People have been going bananas over Apple’s various portable devices for the past decade, and he is credited with many of their important design principles. Although gadgets are fun, we’re more about the real estate on this site. And this news piece definitely caught our attention – Steve Jobs is going to be building a new home! And the site plans are

Comping Hartford: What is Hartford?

Pricing a house is all about using “comparable sales.” We always try to compare similar properties and the more similar the better. There is rarely a perfect match, but we can usually get pretty close. It seems to me that in evaluating a city we should be using a similar approach. When comparing our area to others around the country, we need to be comparing like to like. The current dust-up about Hartford being a

An Economist's View of the National Housing Market

Economists are divided as to the direction of the national housing market. Some believe that the environment is stabilizing and that prices will increase from here. Others see further price decreases once the government support fades away. Barry Ritholz is one economist we follow regularly, through his posts on The Big Picture blog. Right now, he has a strong negative view on the future of the US housing markets. One of yesterday’s posts broke down

Extending the Home Buyer Credit

The National Association of Realtors (NAR) has been leading a push to get part of the Federal Home Buyer Tax Credit extended. But don’t get too excited – their proposal won’t give allow anyone new to claim the credit. Before diving into the details, here is a quick review of the current rules of the game: 1. First time buyer or existing owner (extra criteria). 2. Binding purchase contract by April 30, 2010. 3. Closing