Positive signs for Connecticut Housing Market For First Two Quarters Of 2010

There are Positive signs for Connecticut Housing Market For First Two Quarters Of 2010 according to a University of Connecticut School of Business Report.  The University of Connecticut School of Business has released a report for the first two quarter on the Connecticut Housing Market, and they show some positive signs for Connecticut.

The reports states that "Preliminary data for the second quarter of 2010 show that Connecticut single family home prices increased by 2.1%, the first year-over-year increase since 2006, 3rd quarter."  Connecticut also had a 29% increase in the number of transactions in the first quarter, and a 13% in the second quarter.  The report goes on to say that "Metropolitan areas centered on Hartford, New London, Stamford, and Waterbury had the fastest rates of increase, all at more than 4%."

Even some of the negative news in the University of Connecticut School of Business Report is positive.  For example condominium prices declined in Connecticut by 5%, but this is less of a decrease than we experience in 2009, and shows that things may be turning around in the condominium market as well.

Connecticut is expecting more foreclosures in up coming quarters, so we will have to see if this trend continues.  You can read the full University of Connecticut School of Business Report on the Positive signs for Connecticut Housing Market For First Two Quarters Of 2010 at http://admin.business.uconn.edu/portalvbvs/desktopmodules/enewsletter/showarchive.aspx?aid=365

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308, gsouto@mccuemortgage.com, or visit my McCue Mortgage Homepage.