Giving Away Equity. How Much is Too Much?

A few weeks ago I was walking around my neighborhood in the West End of Hartford and saw a couple moving into a house. I welcomed them to the block and during our conversation they mentioned that they bought the house in a private sale. This is not uncommon for the West End. People fall in love with the architecture of certain homes and tell the owners that when they’re ready to move to give

Visit Your Local Farmer's Market

I know a lot of you are thinking “Hey dummy, you should have written about this at the beginning of the summer.” I must admit that have been greedily enjoying heirloom tomatoes, organic fruit, and corn on the cob for weeks without writing about it. So sorry. But in all seriousness, get out of your car and visit your local farmer’s market or farm stand. Almost every community has one on different days throughout the

More About Countrywide

Here’s a lengthy, but interesting, NYT article about Countrywide and how they profited during the past few years; resulting in many of the mortgage industry challenges we’re currently seeing. Inside the Countrywide Lending Spree

Huh? Local Condo Sales Down, But Prices are Up?

There was an interesting article published in the Hartford Business Journal yesterday regarding local condo sales. For the first six months of this year, condo sales are off by more than 16% in Hartford County compared to 2006. However, the median price is up 1.5% over 2006. Huh? With more inventory sitting out there longer, why aren’t buyers paying less? My guess is that we are talking median sales price vs. mean sales price. I