Special Offers for New Homeowners

Every time a mortgage closes, marketers line up to pitch all sorts of fabulous offers and opportunities to new homeowners. Nearly all arrive via mail so they are, fortunately, easy to sort through and discard. On occasion a company will dispatch their best door-to-door salesman to pay the buyers a visit and congratulate them on their purchase – thankfully they are few and far between. The special offer bounty covers a wide spectrum. Some is

November Market Statistics

This month we’re reporting statistics a little differently. They’re based on the number of contracts written rather than the number of closings. Why? Because it’s fun to shake things up every now and then. And because I honestly think it’s a more relevant way to look at the market. By focusing on contracts, we get the most up-to-date view of market activity possible. The contract date is when deals are struck, when prices are negotiated,

Did You See That?

Last evening was a nice night for real estate. Temperatures were in the mid 50s, which is unseasonably warm for late November, and quite pleasant for looking at houses. But it wasn’t a perfect night. The problem? It got dark before 5:00! So our buyers really couldn’t see the fantastic architectural details or the brand new roof. The lack of light at this time of year makes evaluating houses more challenging. Most buyers work during

Courant Companion: That Empty Feeling

The cover story of today’s real estate section features an article titled That Empty Feeling about the impact of vacant homes on a neighborhood. The wide-ranging piece provides a lot of interesting and important information about homes that are considered eyesores. A critical point in the overall thesis, and therefore a focal point of the article, is the example of a dilapidated property that actually hurts the value of neighboring homes. Unfortunately, a very poor

October 2010 Market Statistics

Here’s a quick look at how the Hartford County real estate markets performed last month. Closings in October reflect deals negotiated during the summer and fall depending on the amount of time between the contract date and the closing date. The data comes from the Connecticut Multiple Listing Service (CTMLS), which is deemed reliable but not guaranteed. Some Observations There was a wide range in the percent change in number of transactions for this October