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108 DUDLEY, NEW BRITAIN- $39,000

by Mary Jean Agostini

108 DUDLEY, NEW BRITAIN - $39,000 Great location near CCSU & Stanley Quarter Park. This is an approved building lot for a single family home, .14 acres...

98 CRYSTAL FALLS WAY, BERLIN, CT $439,900

by Mary Jean Agostini

98 CRYSTAL FALLS WAY, E. BERLIN $439,900. Beautiful new construction home in the Crystal Falls development of E.Berlin, right off of Clockshop Drive. Hardwood throughout the entire first floor. Living room w/fireplace, bathroom w/double sinks, second floor laundry. Great location, easy highway access to Hartford, New Haven. 4 bedrooms, 2 1/2 baths, 2,583 sq. ft.

Lot 3 CRYSTAL FALLS WAY, EAST BERLIN $425,000

by Mary Jean Agostini

Lot 3 CRYSTAL FALLS WAY, EAST BERLIN $425,000 Crystal Falls Subdivision, New homes, 4 units remaining in pretty, lightly wooded Planned unit development, convenient location, 20 minutes to Hartford and 30 to New Haven, custom build your plans! (home similar to 98 Crystal Falls Way)

16 CUTTER, MYSTIC $399,000

by Mary Jean Agostini

16 CUTTER, MYSTIC $399,000 New Construction, occupancy, May or sooner, lovely wooded location convenient to shopping and interstate,tile baths, FP family room, cown moldings for the first floor, french doors to deck off family room.

 

17 WHISPERING WOODS, EAST HAMPTON $459,900

by Mary Jean Agostini

17 WHISPERING WOODS, EAST HAMPTON $459,900. Custom Built Vincenzi home in gorgeous country setting yet minutes to East Hampton center. Pretty lightly treed & level lot Loaded with extras, energy star windows, hdwd throughout most of home, tray ceilings, center island in kitchen, walkout lower level. (New construction home, to be completed in Summer)

 

NEW LISTING- 17 WHISPERING WOODS, EAST HAMPTON $459,900

by Mary Jean Agostini

NEW LISTING- 17 WHISPERING WOODS $459,900. Custom Built Vincenzi home in gorgeous country setting yet minutes to East Hampton center. Pretty lightly treed & level lot Loaded with extras, energy star windows, hdwd throughout most of home, tray ceilings, center island in kitchen, walkout lower level.

 

What is the right price for your home?

by Mary Jean Agostini

5 Signs the Market is Recovering Fast!

by Mary Jean Agostini

5 Signs the Market is Recovering Fast

 

1. Both asking price and rents jumped 5 percent from last year

Trulia’s latest Price and Rent Monitors showed a big boost in asking prices across the U.S. – up 5.1 percent year-over-year. This a drastic change from the double digit declines of previous years.

The relevant news for your buyer and seller prospects isn’t just that home prices are climbing, but that renting is getting more expensive as well. The statistics showed rents are up 5.2 percent year-over-year.

If you understand supply and demand, it’s obvious that these two facts point toward more real estate moves happening, and that consumers have gotten over the angst of previous years and shifted into the “recovery mindset.”

To follow along or view past data releases from Trulia, check out the Pro Blog’s Industry Feed where you can find graphics and facts you can share to help boost consumer confidence in your market.

2. Mortgage rules got a renovation.

Predatory lending practices linger near the top of many economists’ blame lists for the most recent market decline. And, after years of fallout from bad mortgages, capable buyers have been, understandably, slow to purchase.

For those buyers who’ve been anxious about the mortgage process and skeptical of the predatory lending, this Thursday brought great news and a sure “go” sign for them to jump into the market.

Thursday the Consumer Financial Protection Bureau released it’s new mortgage guidelines which are “a set of standards that protects consumers from bad loans” according to David Stevens, CEO of the Mortgage Bankers Association.

The new guidelines show that banks and the government are working out their differences to create a safer, more secure environment for homeowner hopefuls. In addition, the new guidelines give those buyers access to mortgage best practices upfront to help them ensure they’re ready for application and ownership from the start.

For a great summary of the new guidelines, check out CNN’s article “New Rules Aim to Make Mortgages Safer”.

3. Delinquency & foreclosures are at record lows.

Declining delinquencies aren’t just fluffed headlines, the numbers support what it seems many agents are feeling.

Delinquencies are down. According to Trulia’s Chief Economist, Jed Kolko, “ In November, 10.63% of mortgages were delinquent or in foreclosure, down a hair from 10.64% in October. The combined delinquency + foreclosure rate is at its lowest level in four years and is 41% back to normal.”

These stats are good news for buyer’s agents whose clients and prospects need a boost of confidence.

4. 93% of Millenials plan to buy.

Last quarter we released Trulia’s American Dream Survey and one of the top facts from our study showed that 93 percent of current millennial renters plan to buy.

This is good news for an industry that’s suffered from years of skittish home shoppers and a lot of talk about home buying no longer being a part of the American Dream.

5. Investors rush in.

Another sign that we’re on the way to a high-paced recovery is that investors are making major moves to capitalize on today’s opportunity.

A recent story from Bloomberg covered how Blackstone Group, the largest U.S. private real estate owners, sped up it’s purchases of homes to try to beat out fast rising prices.

This is a sign for on the fence buyers to start their hunt before the weather heats up and they face more competition than they can handle.

These are some of the national signs that show the recovery is well under way. Comment below and tell us what you’re seeing, reading, and witnessing in your local market.

NEW LISTING- 23 EASTBROOK TERRACE, BERLIN $389,000

by Mary Jean Agostini

NEW LISTING- 23 EASTBROOK TERRACE, BERLIN $389,000. Stunning home with gleaming hardwood floors, large eat-in kitchen with sliders to patio, cut-out reveals living room with grand fireplace. Master suite with full bath, whirlpool tub and separate shower, double sinks. Bonus room above garage can be used for an office/den/walk-in closet. Partial wrap-around porch to backyard with views of Lower Lane Dairy Farm.

NEW PRICE!!! 514 PERCIVAL AVE, BERLIN, CT

by Mary Jean Agostini

NEW PRICE! 514 PERCIVAL AVE, BERLIN $179,900. Well maintained ranch, conveniently located, large fireplaced living room, eat-in kitchen, walk-out lower level, updates include newer vinyl siding and central air, plus updated electrical panel. 3 bedrooms, 1 full bath.

 

Displaying blog entries 1-10 of 12

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