Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
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
This afternoon the Federal Reserve announced the next phase of their strategy to stimulate the economy. Broadly referred to as Quantitative Easing 2, the plan involves printing a whole lot of money in order to buy long-term US Treasury Bonds in the markets. The Fed’s big picture goal is to reduce unemployment, and hopes that injecting more money into the economy will encourage businesses to begin taking risks to expand their operations (hire more workers),
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
The National Association of Realtors (NAR) has been leading a push to get part of the Federal Home Buyer Tax Credit extended. But don’t get too excited – their proposal won’t give allow anyone new to claim the credit. Before diving into the details, here is a quick review of the current rules of the game: 1. First time buyer or existing owner (extra criteria). 2. Binding purchase contract by April 30, 2010. 3. Closing