Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
We’re already at the end of February … wow, it really flew right by this year. The next thing you know we’ll be complaining about how the lawn is dying because it’s so hot. Here’s my February 22nd resolution (everyone makes these, right?): Every time I start to grouse about the heat this summer, I’m going to make an ice cold lemonade, go sit on the porch for 5 minutes, and think about how glad
Interest rates and down payment amounts are both trending upwards, according to recent articles on the current state of home mortgages, potentially reducing the purchasing power of buyers. After bottoming out around 4.25% last fall, mortgage rates for 30-year fixed-rate loans have recently moved above 5% for the first time in about a year. Commentators observe that rising rates will cause some buyers to rethink the advantages of home ownership, but generally conclude that they
We hope to do some more in-depth pieces about the various neighborhoods in Hartford this year. Until we get to that, here is a nice article from the Courant’s Tom Condon about happenings in Frog Hollow.
The number of condominiums that went under contract in Hartford County this January trailed 2010’s total by just over 20%. The drop in activity continues the post tax credit trend from last year. Since this month’s deal count was actually in line with the January 2009 numbers, it appears that the market is simply returning to a more realistic activity level after being goosed by last year’s tax credit. Buyers and sellers successfully negotiated contracts
The City of Hartford is seeking development proposals for 8 city-owned blocks of property. The sale overview notes that the goal is to develop and/or revitalize the properties in accordance with the guiding principles of the One City, One Plan planning document. We’re excited that the City is taking steps to get these parcels into the hands of developers. If all goes according to plan, the future projects will not only improve the various neighborhoods,