Hartford Area Heat Map

It’s getting hot in here…well, for some pockets in town. If you’ve never used Trulia’s heat map functionality, check it out. You can search for Average Listing Price (by week) by state, town, or county. Additionally, it provides historical Average and Median Sales Price data and average Price per Square Foot. It’s a great snapshot tool to understand how your neighborhood is trending.

Metro Hartford Growth Projections

Major news outlets periodically publish housing data for US metro areas. This week’s version was reported by CNNMoney and is originally from Fiserv Lending Solutions. It’s a forecast of growth from April 2007 to April 2008 and a couple snapshot statistics. Although I’m not familiar with Fiserv, the forecasts are in line with others that I have seen since the beginning of the year. There are two interesting points about our area in this report

Investment Property Calculator

After sitting on the sidelines for a few years, I’ve decided that this is the year I’m going to start personally investing in real estate. I’ll be sharing my thoughts and learnings as I go through the process. This past week, I think I may have found a good condo property. There are a few issues though. It’s a small building and 40% of the units are currently rented. If I buy, the rental-to-owner ratio

Teaming with Our Sister States?

I’ve written about the lack of affordable of housing in CT before. Add to this a few of my other pet peeves, suburban sprawl (yes, I know it is counter-intuitive for a REALTOR to dislike sprawl) and youth drain, and we’ve got the potential for long term economic hardship not only in CT, but all of New England. Clearly, on a town by town basis, we can start business development and real estate development projects

Closing Issues

Here are a couple of quick tips in order to avoid potential issues at closing. If you know you’ve found the home you’d like to purchase, before you leave the property, make sure you go over the Inclusion and Exclusion sheet. If there are items that you would like included that aren’t spelled out on the I/E sheet, make sure they are written into your purchase and sale agreement. No one likes to go through