Haas Institute: Hartford Most Underwater in USA?

Hartford Skyline From Morgan Street Garage

Yesterday a study originating from the Haas Institute for a Fair and Inclusive Society at the University of California, Berkeley began making the rounds through the media. Here is the full document. The report identified Hartford, CT as the city with the “Highest Incidence of Negative Equity” in the entire country. They found that 56% of Hartford homes are underwater, meaning that the owner owes more on their mortgage than the home is worth in

April Contracts: Still Lagging

2014-05-06 Hartford County Single Family Contracts in April 2014

Hartford County registered 780 single-family contracts in April of 2014, compared to 845 during April of the previous year, a more than 7% decrease in activity. Four months into the year, the chart appears to be showing a typical seasonal distribution with simply fewer deals than in 2013. This suggests that there is nothing unusual going on in the market, it’s just slower than it was last year. As previously discussed, there has been a

The Missing Domino: First-Time Buyers

Red House

I really enjoy watching a creatively placed set of dominoes fall down piece by piece. There’s a rhythm and organization to it all that is very appealing … I find it calming. Mind you, I’m not the one to set them all up, but that’s a different story. Real estate can be like knocking over dominoes. When people want to move within a town, they often will have to sell their existing home in order

17 Vanderbilt Road, West Hartford

17 Vanderbilt Road

This is the perfect property for those who want the character and size of an older and charming West End home but also want everything that West Hartford has to offer. A gracious full-width porch welcomes guests and is a wonderful place to relax and socialize with neighbors. Inside, there is a traditional center hall, front to back living room with fireplace and large formal dining room. The kitchen has granite counters, stainless steel appliances