Interest in Landlording

Landlords are required to follow rules while handling the money of their tenants. One of them relates to the security deposits that they collect when someone first moves in. Tenants are supposed to earn interest on their deposits at a rate defined by the state. For many years (since 2002) the state held the required security deposit interest rate at 1.5%. This page on the CT Department of Banking site shows the historical interest rates

Who Wants to be a Real Estate Developer?

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,

HCPR: Muted Third Quarter Follows Tax Credit

Hartford County residential sales fell significantly in the third quarter of 2010 versus the third quarter of 2009 as buyers took a breather following the June expiration of the Federal Home Buyer Tax Credit. Median prices rose modestly over the year-previous quarter, while another measure of pricing, the median price per square foot, fell a comparable amount. Most noteworthy was the change in the mix of homes that sold as the Tax Credit phased out

Buyers: Don't Forget to Have Fun

Buyer’s Week has been an exciting ride here at the Greater Hartford Real Estate Blog. We covered the current opportunity, the importance of talking to a mortgage professional, the benefits of trading up in a down market, and buying when you also have a house to sell. Fond memories… Buying a home is a process punctuated by events. We think that buyers should understand what they are getting into at the start, and hope that

HCPR: Increasing Activity in the First Quarter

Hartford County’s housing markets saw an increase in the number of closings in the first quarter of 2010 versus the first quarter of 2009. This continued the positive momentum from the second half of 2009, but is still well below the sales pace from the early and mid 2000s. Median sales prices were up slightly, while median days on market fell sharply. Single-Family Homes First quarter sales of single-family homes increased 16.4% compared to the