Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
It’s getting hot in here…well, for some pockets in town. If you’ve never used Trulia’s heat map functionality, check it out. You can search for Average Listing Price (by week) by state, town, or county. Additionally, it provides historical Average and Median Sales Price data and average Price per Square Foot. It’s a great snapshot tool to understand how your neighborhood is trending.
Major news outlets periodically publish housing data for US metro areas. This week’s version was reported by CNNMoney and is originally from Fiserv Lending Solutions. It’s a forecast of growth from April 2007 to April 2008 and a couple snapshot statistics. Although I’m not familiar with Fiserv, the forecasts are in line with others that I have seen since the beginning of the year. There are two interesting points about our area in this report
No Chicken Little, the sky is NOT falling… Home Prices Fall Nationwide, home prices are expected to drop 0.7% and the national media is all riled up. That’s what happens to asset values. They go up, then they go down, then they go up again. Just like stocks. Just like mutual funds. Over the long term any asset will appreciate if it is valuable (and well maintained in the case of a house). Prices don’t
Last week I talked about property taxes in West Hartford making housing unaffordable for some folks. This week it seems that we might want to look at affordable housing in CT in general. The Courant ran an interesting article a few days ago… A Home They Can Buy… Here’s a link to the official HOMEConnecticut site if you’d like to learn more… HOMEConnecticut Personally, when I moved here 3 years ago, I was surprised at