Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
I recently received a few off-line comments about my recent post regarding real estate inventory levels in the Greater Hartford area. Remember, real estate inventory for a specific town is calculated by taking the current number of homes on the market in that town and dividing it by the number of closings during the previous month in that town, or some derivation thereof. In my calculation, I used February of 2008 to get the resulting
Great news this week for home sellers and buyers in the Greater Hartford area. The CTMLS (the database most Connecticut real estate agents use to share information about your home) has increased the photo allowance from 10 to 20 pictures for each listing! So, when you’re surfing Realtor.com or Raveis.com or whatever website you use to look at homes for sale, now you should be able view more pictures. Obviously this puts more pressure on
We had an office meeting today and several agents in my office were commenting on how slow the market has been recently. I’ve noticed that the activity in the MLS has slowed in the towns that I typically monitor. So, this afternoon I decided to run some searches in the MLS to see how real estate markets in the Greater Hartford area are fairing. First, how is the current inventory level of homes calculated? The
After a long and quiet winter, the West End buyers have re-emerged to get the neighborhood real estate market rolling. Over the past couple weeks we’ve seen a number of homes go under contract, including properties on North Beacon, Cone and Elizabeth Streets. The significant difference between the winter markets in the West End and West Hartford has been interesting to watch. While the West End has been hibernating, homes continued to sell at a
Have you heard of the term “jingle mail?” It’s hipster lingo for someone mailing their house keys back to the bank and walking away from their home. A less amusing term is “ruthless default.” Calculated Risk has an interesting blog today that consolidates a few articles that cover a rising trend of people abandoning their mortgages and, subsequently, their homes. I saw an article last week that claimed that 10 to 15 million households may