I see articles about interest rates going down every time I scan the business news. Either the Federal Reserve just cut rates or Wall Street is demanding further cuts. Yet after briefly going down, mortgage rates are again on the rise. What gives? The key to this mystery is that mortgage rates are based on long-term interest rates (like the 10-year Treasury rate) rather than the short term rates that Federal Reserve influences. Short-term and
If you live in West Hartford and are thinking about selling your home, now might be a great time to put it on the market, depending on the price point. Am I off my rocker? You thought the sky was falling on the real estate market? Well, that doesn’t appear to be the case in West Hartford, for certain price ranges. Let’s take a look… As of today, there are 169 properties available for sale
Hey, want to see your house value plummet faster than, well, the national housing market decline? Then start logging nasty comments on Rotten Neighbor, the national website where you can post nice and not-so-nice blurbs about the people next door. Launched in July of 2007, the premise of Rotten Neighbor is “helping you find troublesome neighbors before you sign the paperwork on your new house, condo or apartment.” So how do people in the
The West End of Hartford will be hosting its 4th annual progressive dinner, the DineAround, this evening. The 180+ participants will begin the night by gathering at a home on Prospect Avenue for appetizers and drinks. From there, guests will proceed to one of 23 host homes where they will enjoy a lovely meal with 8-10 neighbors that they may or may not know. The evening is capped off by dessert at a home on
There is an interesting article in the New York Times today about a buyer in California that is suing her buyer’s agent. Marty Ummel believes that her real estate agent hid information that similar homes in a neighborhood were selling for less, in order to keep a deal together and retain his commission. There are a lot of things at play here; the real estate agent was also the mortgage broker (which to me seems