Norwalk, CT Real Estate News

By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
Dear Reader, This is an actual blog filled with recent everyday facts only for your viewing pleasure.  I am sitting here in the office and it is almost 8pm and I thought to myself why not share my recent experiences with you all here on Active Rain and the public who visits my blog on a daily basis.  Some of these may be funny but at the same time can be tearful.  It is August 20th and we are in a new market folks, a new market!!!  Top 10 Signs That Our Real Estate/Mortgage Market Has Changed:  1.) REALTOR CALLING ME EVERY SINGLE DAY!  So I have this purchase closing at the end of September here in Connecticut and the realtor representing the buyer (also my borrower/client) keeps calling me every single morning at 9am sharp and even once over the weekend requesting the commitment letter...
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By Nestor N. Romero, Realtor - Real Estate Fairfield County - (203)515-5511
(HomesByNestor)
I am including our current inventory for Norwalk. You will see how active properties are distributed among different price ranges, as well as the average number of days in the market.I will repeat the same analyis in a couple of weeks to follow up on how this inventory is changing. This will be complemented with a new table showing sales at the end of the month. Souce: CT-MLS
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By Nestor N. Romero, REALTOR = Residential Real Estate
(Coldwell Banker)
I am including our current inventory for Norwalk. You will see how active properties are distributed among different price ranges, as well as the average number of days in the market.I expect to be able to repeat the same analisys in a couple of weeks to follow up on how this inventory is changing. This will be complemented with a new table showing sales at the end of the month.Source: CT-MLS
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
    Sincerely, Nima Rezvan Home Loan Consultant Countrywide Home Loans 48 Westport Avenue Norwalk, CT 06851 203.913.6016 (direct) 203.845.2363 (fax) Nima_Rezvan@countrywide.com (email) http://www.MyNima.com (website) Countrywide, America's #1 Home Loan Lender The highest compliment my clients can give me is the referral of their friends, family and business partners.
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By Nestor N. Romero, REALTOR = Residential Real Estate
(Coldwell Banker)
Single Family - Norwalk Sales - Jun.13 - Aug.13 (2007 vs. 2006) In the last two months, selling prices of Single Family homes in Norwalk, CT with sale prices between $450,000 and $600,000 have only come down less than 1% compared to selling prices of the same period one year ago. That sub-segment also shows the lowest difference between Listing Price and Selling Price. In other words, it seems that Sellers are either reducing less their asking prices or that Listing prices were already adjusted. It interesting to notice that the Average Days on the Market (DOM) for the sub-segment between $600K and $900K was only 75 days in 2007 while in 2006 it was 91.  We can also notice that the lower the selling price range, the higher Avg. Days on the Market.
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By Nestor N. Romero, Realtor - Real Estate Fairfield County - (203)515-5511
(HomesByNestor)
Single Family - Norwalk Sales - Jun.13 - Aug.13 (2007 vs. 2006) In the last two months, selling prices of Single Family homes in Norwalk, CT with sale prices between $450,000 and $600,000 have only come down less than 1% compared to selling prices of the same period one year ago. That sub-segment also shows the lowest difference between Listing Price and Selling Price. In other words, it seems that Sellers are either reducing less their asking prices or that Listing prices were already adjusted. It interesting to notice that the Average Days on the Market (DOM) for the sub-segment between $600K and $900K was only 75 days in 2007 while in 2006 it was 91.  We can also notice that the lower the selling price range, the higher Avg. Days on the Market.
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By Nestor N. Romero, Realtor - Real Estate Fairfield County - (203)515-5511
(HomesByNestor)
These three towns, as in most of the country, are showing a reduced number of SOLD properties compared to one year ago. As we all know, the Real Estate market is cyclical as it is the economy, politics, the seasons...., and in this particular scenario, it is about LOCATION. As you well know, it's about the address, and some towns saw their real estate prices going higher and earlier than others a couple of years ago. The same is happening with the so called "price adjustment" or "market adjustment". Some towns have reduced (normalized) their prices earlier than others:We can see that in Stamford, there have been 41.70% less SOLD Single Family properties between Jan.10 and July 10 this year than one year ago during the same period. Stamford is the only town/city of the three compared her...
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
Dear Reader, This is a great blog for new first time home buyers across the country not just Connecticut.  The following list of items has been compiled for your convenience. You will need to bring this information to your mortgage application in order to expedite the processing of your mortgage loan. All questions welcome! Visit my Countrywide Home Loans Website by clicking here: Countrywide Home Loans A check for your credit report and appraisal Your residence addresses for the past two years Names, addresses and phone number of your landlords for the past two years Present value of all real estate owned Names, addresses, phone numbers and contact person for all employers for the last two years W-2 Forms for all employers for the last two years Pay stubs covering the most recent 30 d...
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
  Dear Reader, Today I want to take time to educate the borrower (applicant) on things not to do when getting ready to apply for a home loan.  With recent sub-prime mortgage meltdown, mortgage guidelines tightening and interest rates on the rise in the past 3 weeks in a row, I believe all consumers should be more cautious before applying for a purchase loan or a refinance loan with a lender of your choice.  An educated applicant is essential in this market and it is my duty to try to educate you so that you get approved for a mortgage product of your choice with a great interest rate. *Note: Real Estate Professionals, feel free to add this to your own blogs and even in your email blasts to your current clients.  You have my permission to use this blog to share with your family, friends ...
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
    Dear Reader, I just got out of my hot tub and figured now that I have relaxed a bit, why not blog about "Judgement Day" or otherwise known as May 7, 2007.  Today the interest rates went up significantly and effectively.  Was this a positive effect or a negative effect?  In most cases, it was a negative effect.  I want to blog about who gets effected and how they get effected with some examples.  I started out my day by going in the heated pool and once I was out drying off before I went to the office I realized on CNBC that the 10 year yield was on fire even though it was pre-market.  I got a little tingly feeling inside of me and wondered what was going on.  I tuned in even closer to the television set and realized that the announcers really had no answers either.  I proceeded to g...
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By Nestor N. Romero, REALTOR = Residential Real Estate
(Coldwell Banker)
  source: 2000 CENSUS DATA NORWALKCTUSHOUSING UNITS NumberNumberNumberTotal housing units 33,753RENTER-OCCUPIED HOUSING UNITS NumberPctPctPctRenter-occupied housing units 12,43436.831.230.8NumberNumberNumberAverage number of household members 2.342.222.36Average number of rooms 3.844.104.04Average number of vehicles 1.291.161.19Median year structure was built 196119601969Median year householder moved in 199719971998Median rent ($) 796588519Median rent asked for vacant units ($) 707565469NumberPctPctPctRent includes utilities 2,06516.616.816.5NumberNumberNumberRent as a pct of household revenue 262526OWNER-OCCUPIED HOUSING UNITS NumberPctPctPctOwner-occupied housing units 20,27760.162.860.2NumberNumberNumberAverage number of household members 2.612.692.71Average number of rooms 6.426.646...
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By Ruthman Real Estate
(Ruthman Real Estate)
    Real estate market savvy Buyers are proceeding with caution and are not quick to write offers without shopping around.  Since the market is bountiful with property selections, Buyers are taking their time and are very discriminating.   Since January 1, 2007 to May 31, 2007 Single Family Properties:  Sold: 3897Present Active Single Family Listings (includes CTS, see below):  9026Present Bindered (CTS - Continue to Show) Properties: 750 Present Pending: 1375   Between May 1, 2007 and May 31, 2007 - Single Family Properties were listed on the Consolidated MLS.New Listings:  2558Price Changes:  2240Back on the Market:  194Sold:  895Pending: 638Withdrawn:  669                                                               
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
  Dear Reader, Happy Memorial Day America!  I would like to say a special thanks to all of the me and women that serve our country and served our country.  Today is a special day to remember who fought for this land, freedom and our way of life.  We all have to be appreciative of the people who have lost their lives and gotten injured fighting for our beautiful country.  People outside of this country dream of living here in the United States of America.  A special thanks to all of the military men and women for all that they do day in and day out.  I would like to take this time now to say thank you and salute my personal friends who have served and are serving in the military now:        Kevin C: Air Force (Afghanistan) Jeff H: Army (Connecticut) Trevor B: Army (Connecticut, just got ...
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
  Dear Reader, To visit Countrywide Home Loans website now, please click here: Countrywide Home Loans As a regular blogger and a home loan consultant with Countrywide Home Loans, I would like to blog and inform you about the (H.O.M.E) program.  Countrywide's new Home Ownership Mortgage Education(H.O.M.E.) program officially launched on March 28, 2007. The interactive H.O.M.E. program is a robust on-line curriculum that provides financial and home-buyer education, helping consumers to make informed financial decisions as they pursue and maintain the dream of home ownership.The H.O.M.E. curriculum comprises a five-step learning path, beginning with basic skills and concepts, such as saving, budgeting and opening a bank account. Steps two and three provide information about establishing a ...
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By Ruthman Real Estate
(Ruthman Real Estate)
Information on Connecticut April 2006 to April 2007 Solds As I promised, on May 7, 2007 Ruthman Real Estate searched for "more" reported April 2007 SOLDS on the Consolidated MLS.  However, at that time, only 1 (one) was added.  To Date (May 11, 2007): Single Family Homes reported as SOLD on the Consolidated MLS for April 2007:  372The average days on the market:  112 In the month of April 2006:  975In the month of April 2005: 1240     
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
 Greater Norwalk Chamber of Commerce Mission/Overview Established in 1889, the Greater Norwalk Chamber of Commerce has long been committed to the economic vitality of Norwalk, Darien, New Canaan, Weston, Westport, and Wilton. The Greater Norwalk Chamber of Commerce continually works to advance the concerns of local business, providing beneficial programs, services and opportunities to its members so that they in turn can enhance and grow their business. The Mission of the Greater Norwalk Chamber of Commerce "To advance the concerns of the Greater Norwalk business community, to provide valuable benefits to its membership, and to ensure that mid-Fairfield County be a great place to work, live, and visit."Membership Programs The Greater Norwalk Chamber of Commerce addresses the needs and p...
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
Dear Connecticut Homeowners, In today's blog I would like to discuss foreclosures.  This is not my favorite word or subject but it must be stated and be available to you just in case you fall into this situation or know of a loved one that does.  You must be pro-active and stay ahead of the foreclosure process.  I viewed a segment today on ABC's Good Morning America and I wanted to share the highlights with you including a link to the actual story on the web.  As an "active" member of this wonderful Real Estate Networking Website:  Active Rain, it is my duty to share previous well-writter and well-informing blogs The Official ActiveRain Blog about foreclosures so I will share one with you today as well. I was watching ABC's Good Morning America  http://abcnews.go.com/GMA/ this morning a...
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By Nima Rezvan CT Lender CT Senior Mortgage Broker, First Time Home Buyer Expert - CT FHA Loans - FHA
(Nima Rezvan Prosper First Funding Corporation NMLS#110681)
Dear Reader, It is Saturday March 24, 2007 and yesterday afternoon I had the pleasure to meet with a real estate professional that I met on  Active Rain http://activerain.com/  Early last week I noticed Jane Walters had become a new member on Active Rain so I contacted her and welcomed her to the real estate networking website.  I did not know much about Jane Walters so I visited her website http://www.jwalters.prudentialct.com/ and I read more about her.  I noticed that she is a proven real estate professional with over a decade of experience and also a top producer with   Prudential CT Realty http://www.prudentialct.com/ She replied to my email and we wrote back and forth to one another and set up a time to meet Friday afternoon in her Prudential CT Realty real estate office in Norwal...
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Norwalk, Connecticut  - January 1, 2007 to March 11, 2007 - Consolidated MLS Get complete details of this report RuthmanRE.com  There is signs of the real estate market springing back in Norwalk.  Budget priced properties are getting alot of attention from first time home buyers. Properties that are already on the market or relisted from last year that have unrealistic price expectations will sit and potentially be passed-by because of the many new to the market listings .  Due to the existing economy, there is not enough Buyers for all the homes for sale.  Those Sellers who receive an offer should carefully consider it before allowing the Buyer to go someplace else.  There are painless solutions for Sellers to meet their goals. Learn more. Current Market Status Class Type Area No. of L...
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By Ruthman Real Estate
(Accessibility & The Power to Advise)
This "radar" is not for your automobile. (I am sure we all drive the speed limit on the way to appointments.) It isn't something that HP, Dell or Microsoft advertises in real estate magazines. It doesn't cost much; maybe a little time and effort. But, the value is priceless to customers.The "Radar" is packaged in fancy dresses, metro-sexual suits and plain khakis with boat shoes....The "radar" is the real estate agent's ability to "ANTICIPATE".                                           STOP! Do Not think Ketchup and Carly Simon!  Instead, think "Radar O'Reilly" from M*A*S*H. For those of you aren't old enough to remember the movie or the series, watch a re-run on TV Land, or ask your parents. (Did I really just write that?)                                                                ...
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Norwalk, CT Real Estate Professionals