The question we get more than anything else is, “Where is the real estate market going?” We try to answer with a quick recap of the current situation, and maybe some thoughts on the near future, but that’s often not enough for the questioner. They want to know the long-term direction of the real estate market. They understand that we can’t predict the future, but they ask anyway. The real answer is that nobody knows,
Our purchase did not go as expected. Despite our experience in negotiating home prices, our ideas and strategies didn’t really translate to the auto world all that well. As Amy has pointed out in past posts, cars are different than houses. Different dealers can carry the exact same car (or at least nearly the same – close enough). So once a buyer decides which car they want, they can get it anywhere. We picked out
The other day we were talking about our current pending deals, and noted that we both have closings scheduled for mid August. Closing in the middle of the month is pretty common, but we discovered that our two deals have something in common. Neither us, nor our clients, wanted to close on Friday the 13th. Friday is the most common day for real estate closings in Hartford County. In looking at data for over 30,000
Sales in Hartford County soared in the second quarter of 2010 versus the second quarter of 2009 thanks to the Federal Home Buyer Tax Credit. Median prices were up modestly over the year-previous quarter. Median days on market fell meaningfully, reflecting the frenzied pace of the County’s residential real estate market as the tax credit overlapped with the traditional spring market. Single-Family Homes Second quarter sales of single-family homes increased 23.8% compared to the year-earlier
Yesterday, Hartford Mayor Pedro Segarra announced the City’s intention to acquire and demolish the building on corner of Main and Trumbull. He noted that it is a “critically important project” and is “an economic development priority for a number of reasons.” David Panagore, Hartford COO and Director of Development Services, said that they expect to have a purchase agreement in place by Thursday and are prepared to begin eminent domain action if needed. Exciting news,