Government Intervention in the Real Estate Market

Tax Credit - Trailing 12 Month Sales

While reviewing real estate transaction data, the following chart caught our attention. It shows the number of single-family home sales that have closed in Hartford County over rolling 12 month periods. Said another way, each data point is the number of total sales over the previous 12 months. Note that this chart has nothing to do with values, only transaction counts. The line in the chart bounces around in the 8,000 deals-per-year range from the

Learning from Portsmouth, NH

Market Square

We found Portsmouth to be a very interesting place. And as residents of an area trying to build the type of vibrancy that they seemed to already have, it was difficult not to compare and contrast Portsmouth with the Hartford area. For background, the City of Portsmouth proper is only 15.6 square miles and has a population of about 21,000. This is about the same geographic size as our municipalities, as the City of Hartford

Buying Single-Family Homes in Bulk

Warning: What follows is a long, dry, stat-heavy summary without much original commentary or insight. It’s here because putting this together helped me think through the subject better. Proceed at your own risk. Hopefully at least one other person will find it interesting… I came across an article a while back that I’m still trying to wrap my head around. It’s a wide-ranging piece on the Bloomberg site called Private Equity Has Too Much Money

Unsafe Neighborhoods

Yesterday Amy noticed a story come across the wire about a new Microsoft patent. One of the main benefits, which appears in the abstract of the actual filing, is that it will allow walking directions to be provided that take into account “unsafe” neighborhoods. The story caught our attention because as real estate agents we are not allowed to talk about neighborhoods as “safe” or “unsafe.” An area’s level of safety is a personal perception

2011 Average Prices and Sales Mix

Warning: What follows is quite dorktacular. You have been warned. Last week we looked at the really big picture transactions data for Hartford County in 2011. The main concern we had with how the numbers turned out was that the average single-family home price appeared to rise slightly from 2010 to 2011, which was not what we saw in the market on a house by house basis. There is no easy way to track the