Month: May 2009

New Listing: 28 Levesque Road, Middlefield CT

Beautiful 23.95 acres in newer sub-division, nestled between Lake Beseck and Black Pond.  Nice spot for private estate (bring your horses.)  High points of property offer great views of Middlefield & Meriden.  Located within the Lake Beseck community.  Enjoy boating, fishing or the beach! Call Pat at 203-672-4499 for more information or to schedule an …

You Might Get That Sinking Feeling

This is the second in a series of guest posts by Jim Quarello, founder of JRV Home Inspections in Wallingford, CT. Find out more about Jim and the services he can provide at his web site. You ever get that feeling that something just isn’t right? A nagging feeling perhaps misfortune is but a moment …

Mortgage Rate Update 5/22/09

While weaker than expected economic data pushed mortgage rates lower last week, concerns about the coming supply of debt needed to pay for government programs moved mortgage rates higher this week, leaving rates nearly unchanged over the past two weeks. For expert assistance with your financing needs, call our in-house mortgage executive, Rick Cannavaro, at …

Wallingford Budget Passes, Mill Rate to Rise

Wallingford Mayor William Dickinson signed the town’s new budget into effect yesterday, the last day he had the authority to veto it. The new budget of $140,379,896 takes effect with the beginning of the new fiscal year on July 1st. The new budget reflects a 0.43 percent increase from the current budget of $139,773,516 and …

Remembering Our Veterans

Monday, May 25th, is Memorial Day this year. Pat and I would like to take a moment to remember all those brave men and women who gave their lives so that we may continue to live free. Being a veteran myself with 2 kids in the service and another who recently left the service, this …

Mortgage Rate Update 5/15/2009

After several weeks of improving economic forecasts, weaker than expected economic data this week tempered some of the optimism for a near-term recovery, which was favorable for mortgage markets. Tame inflation data and sustained Fed purchases of mortgage-backed securities (MBS) also helped. As a result, mortgage rates fell moderately during the week. (CHFA rates also …

Meriden Market Update April 2009

The Meriden housing market seems to be on the upswing. Pending sales were up slightly, but closed sales were up sharply over March. The inventory levels were also down quite a bit, driving the absorption rate to a very respectable 21 weeks worth of inventory, a level not seen in many months. Condo sales were …

Wallingford Market Update April 2009

The Wallingford housing market turned in another good month in April. Sales volume and time no market remained steady and there are now about 2 1/2 months worth of inventory available, the lowest level in many months. Condo sales also remained at March’s levels, but average days on market increased as some of the older …

New Listing: 28 Samantha Lane, Madison CT

Tucked away at end of a cul-de-sac!  This home built in 1999 offers great a great open floor plan. New laminate flooring. Square footage includes family room in lower level. Lower level is plumbed for a half bath. Deck overlooks large lot and fish pond.  New septic to be installed and will include a 2 …

FHA to Allow Use of $8000 Tax Credit for Down Payments

Image via Wikipedia [NEW UPDATE: It appears that this program was announced prematurely, as the mortgagee letter has been removed from the HUD web site. There has been no word if the program is dead or alive, and at this point the real estate and mortgage communities are in a “wait and see” mode until …