Debate About National Housing Markets

Although here in Hartford we’re generally more concerned about the local real estate markets, the national picture is of interest because of its impact on the overall economy. We believe that housing markets need to broadly stabilize before homeowners (consumers) feel comfortable with their personal financial situations and the banks/investors that hold the mortgages feel comfortable with their balance sheets. In other words, finding a bottom in the housing market is an important first step

More on Housing Market Conditions in Greater Hartford

Yesterday the Hartford Courant published an article related to the number of single family homes for sale (housing inventory) in the Greater Hartford area. The majority of towns appear to be a buyer’s market, with more than 6 months of inventory available. But what about the number of single family home sales and the median price for the same timeframe? Here’s the data, taken from the multiple listing service (deemed reliable, but not guaranteed)… As