tag:blogger.com,1999:blog-11460677818799651212024-02-18T18:47:22.863-08:00Greater New Haven Connecticut Real Estate News by David Carr David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-1146067781879965121.post-84591785908009999122020-11-28T23:58:00.005-08:002020-12-04T14:27:14.837-08:003Q2020 New Haven Milford Metro Ct Real Estate Market Report<p class="MsoNormal">Nov 28, 2020 -- The Third Quarter of 2020 delivered a unique
summer market due to the continuing
burden of COVID-19 that shutdown our
economy beginning March 12, 2020. Although things were relaxed in the summer we
are witnessing increased reports of C19 cases for multiple reasons, mostly
people refusing to maintain social distance protocols. Sadly, the USA has one
of the highest per capita rates of infection in the world in November 2020,
while enjoying some of the greatest access medical and informational
technology <o:p></o:p></p><p class="MsoNormal"><b> Connecticut surpassed USA Average National Appreciation
Values ending 3Q2020 --</b></p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"> Connecticut (CT) is
currently in 25th position delivering an
impressive (based on previous performance)
one year appreciation of 7.84%
(relative to four quarters ago), one
quarter appreciation of 4.18%, five year
appreciation of 16.35% and total appreciation since 1991 of 89.35%</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p> The Connecticut real estate market powered
through Summer 2020 with virtual open houses, electronic documents, and social
distancing protocols that enabled motivated parties to complete transactions.
Remote Socially Secure Technology has rapidly accelerated and reshaped the
Metro NYC commuter economy due to the hyper quick forced implementation of
social distancing, and , *IMO* has forever changed the definition of work and
commuting. </p><p class="MsoNormal">My Milford New Haven Metro
has seen an increased presence of New York license plates which may
support reports of a NYC outbound migration, which has driven up prices in my
market with less inventory. We may see people moving remote location out west
to capitalize on short ter, ,migration
and lower prices, however my Milford New Haven CT Metro Market will continue to
appreciate and retain value based on the multiple vales of our location,
location location. Your personal real estate market is hyper local as defined
by my PALCompReport (Price Amenities & Location) </p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal">2.72% FHFA 30 year fixed rates have continued their
exploration of historic lows (2020-11-25 2.72%)<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p>New Haven County 3+ bedroom w/ 2 or 3 baths homes for sale/ month
has dropped from 1409 in Jan2019 to 1311 in Jan2020 to 1078 in Oct2020,</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p>New Haven County 3+ bedroom w/ 2 or 3 baths (price per
square foot) has risen from $137/sqft in Jan2019 to $141/sqft in Jan2020 to
$148/sqft in Oct2020,</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p>New Haven County 3+ bedroom w/ 2 or 3 baths Closed
Transaction have ranged from from June2017 (3752), to a March 2020 precovid low
(3645), the dropping to the June2020 (3459) social distance low then displaying
a COVID19 Oct2020 (3842) recovery, the
most transactions available in this resource since 2003, which may support my
position that Connecticut is undervalued based on our vast resources of
location, climate, recreation, art,
bioscience, manufacturing, technology, financial services, education,
healthcare and well known quality of life.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p>It will be interesting to see if this matrix of less
property, more transactions & higher prices are sustained in 2021 with news
of a COVID19 vaccine on the horizon.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p>The FHFA House 3Q2020 Price Index for my Milford New Haven
Metro (All-Transactions Indexes estimated using Sales Prices and Appraisal Data))
value went up 4.67 to 197.01
(a value comparable to 195.05 in 2Q2009). Remember my Carr Value Shelf identified the
range of 173 (4Q2014) to 178.06
(3Q2017) as a probable range of
statistical stability comparable to the 1991-1997 Connecticut value shelf. As a
real estate professional, I must say that past performance does not assure
future results however housing is a leveraged quality of life acquisition as
well as an investment. If you have to pay to live somewhere, I believe it is
wise to consider the financial benefits provided by ownership of real property.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p>At this point in our history the only people who are
technically "underwater in my Metro are ones who purchased after 4Q2004 in
the period leading up the great recession, which peaked in 1Q2007. People who purchased after 2Q2009 now have
positive equity in their homes if they stayed the course. Many people who
stayed the course were supported with HAMP and HARP programs which addressed the
irrational exuberance period no document lending </p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><o:p> </o:p> </p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"><b>My market has finally attained the Highly Respectable
Inclusion of the Top 20 Metropolitan Areas Ranked by Annual Appreciation !!<o:p></o:p></b></p><p class="MsoNormal"><b> Our New Haven-Milford
Metro CT home attained 8th position of the top 100 with one year appreciation of 10.9%,</b><o:p></o:p></p><p class="MsoNormal"><b>one quarter appreciation of 7.47% 5 year appreciation of
20.82% and 91.69% appreciation since 1991 </b><o:p></o:p></p><p class="MsoNormal"> Hartford-East Hartford-Middletown moved out of the bottom 20
with 7.08 annual appreciation, 2.87% one
quarter appreciation, 13.25% five year appreciation and 68.39% appreciation
since 1991</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"> Bridgeport-Stamford-Norwalk, CT remained in the national bottom 20, improving to 85 (up from 89 in
2Q2020) of 100 with 5.99 annual appreciation,
2.94% one quarter appreciation, 12.97% five year appreciation and 120.34% appreciation
since 1991</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"> The FHFA House Price Index (FHFA HPI) is a broad economic
measure of the movement of single-family house prices in the United States. The
production of the FHFA HPI is statutorily mandated (12 U.S.C. 4542) but it
began in 1995 with one of FHFA's predecessor agencies, the Office of the
Federal Housing Enterprise Oversight (OFHEO).</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"> A 1Q2014 Residential Purchase of $100,000
with a 3Q2020 Valuation is
Estimated around $126,000 (a 6.5 year
appreciation of 26%) in my "Greater
New Haven Milford Ct Metro." I bet
your rent went up a bit since 2014, and you probably spent at least $2000 a
month plus plus. That $156,000 (2000x78) is gone with no equity, compared to
the leveraged appreciation you might have recognized. This is why I teach
people that #HomeOwnershipBuildsWealth and cash out refis are a bad solution
for unsecured debt.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"> Connecticut and my Milford New Haven Metro remains
underappreciated despite our proximity, climate and high quality of life. This
unprecedented 2020 Hot Summer COVID-19 market has created new financial
opportunity ( lower interest rates and
higher sales prices ) and logical
challenges, ( home bound school, remote employment, social distance
restrictions on businesses) in a locally
lateral market for qualified participants in Connecticut. I am confident our
location, climate, quality of life and infrastructure will continue to make
Connecticut an excellent place to live in 2021 and beyond. The Connecticut
fiscal recovery continues as tax cuts are withheld, allowing the Rainy Day Fund
to surpass it's $3.000.000.000 cap, which could allow fiscal conservation and
sustainable, long term municipal debt retirement. Connecticut has a history of
debt creation to fund tax cuts which has proven to be an ineffective long term
management program, as evidenced in other states with potentially bankrupt
national municipalities.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal"> <o:p></o:p></p><p>
</p><p class="MsoNormal"><b>Since 1996 I am here to help you discern value and quality
of life when the time is right for you.
</b>People move because it’s the right time more than anything else. People
complete home purchases with higher interest rates in more challenging
historical environments than today. Is there anything I can do to help you make
a good decision? I am here to help.
Copyright©11/28/2020 All Rights Reserved. My opinions are mine, my facts are
authentic, my attention to your success is relentless. Follow me on twitter @ctrealdavecarr<o:p></o:p></p><div><span style="outline: 0px;"><span new="" roman="" times=""><span style="line-height: 28px;"><br /></span></span></span></div>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-22816250243293046892020-11-19T05:25:00.001-08:002020-11-19T05:25:32.597-08:002Q2020 New Haven Milford Metro COVID-19 Market ReportDavid-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-49794232184974428072020-05-20T10:03:00.000-07:002020-05-21T12:09:35.321-07:00CT-COVID-Opening-Day-May-20-2020<br />
<div class="MsoNormal">
Greetings,<o:p></o:p></div>
<div class="MsoNormal">
<span style="mso-spacerun: yes;"> </span>I hope this finds you
doing good on this May 20<sup>th</sup>, COVID Opening Day CT 2020. It has been
a strange and challenging springtime, <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
(1) My <span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>New Haven Milford Metro and Greater
Connecticut real estate market scheduled property showings still show definite
decline in buyer requests to view property through the month of March into
April. This trend began to correct however there is still a difference between
the number of showings this year compared to 2019 <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="mso-spacerun: yes;"> </span>There are multiple
reasons, however the most obvious are buyer’s apprehension and seller
reservations about either moving or having strangers in their home. This has
created a unique Spring 2020 Market in Southern Connecticut which I anticipate
will a deliver a vigorous recovery in June and July 2020. <span style="mso-spacerun: yes;"> </span>New Listings in New Haven County are down 54% ending
April 2020, while pending sales in the same cohort are down only 11%, days on
Market are down while Median sales prices are up from $230K to $255K. I provide
market specific data for my fiduciary and past clients <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
(2) The homebased compounding, virtual employment, virtual commute
factor in my New Haven Milford Metro and greater Connecticut Market is only
beginning to be understood as New York City residents have experienced a
possibly life-changing event that may motivate some of them to reconsider
residency, methods and means of employment. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Aetna recently stated “...all
Connecticut-based employees who are currently working from home will continue
to do so through the end of the summer.” <span style="mso-spacerun: yes;"> </span>The COVID-19 has allowed employers to
implement home-based operations, debug, and experience the effectiveness of
this business model. Before social distancing protocols web-based meetings were
available however their application was just being appreciated.<o:p></o:p><br />
<br />
<span style="font-family: inherit;">On March 27 2020 NPR ran a story the claims<span style="background-color: white; color: #333333; letter-spacing: -0.00625em;"> <a href="https://www.npr.org/2020/03/27/822383426/survey-working-from-home-has-rewards-the-office-cant-offer" target="_blank">Working From Home Has Rewards The Office Can't Offer</a>, then o</span></span><span style="font-family: inherit;">n May 21, 2020 </span><span style="background-color: white; color: #121212; font-family: inherit;">Facebook announced "many" of their Employees are going to to work from home permanently, This list goes on an on when your search "</span><span style="color: #121212;">survey-home-office-2020"</span><br />
<span style="background-color: white; color: #121212; font-family: , "georgia" , "times new roman" , "times" , serif;"><br /></span></div>
<div class="MsoNormal">
(3) The financial effect on qualified home buyers is
questionable as information suggests 70% of the working population was not directly
impacted by COVID-19 due to home-based employment and other contractual
obligations provided by employers. It seems to me a majority of the financial devastation
is being endured by small business owners retail and service industry employees,
especially those in the restaurant and childcare industries. I have no
information to discuss what percentage of this cohort would have been a home
buyer in this market.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="mso-spacerun: yes;"> </span>(4) <span style="mso-spacerun: yes;"> </span>Mortgage financing remains very affordable
30-year fixed mortgages in the middle to low 3% for qualified applicants.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Home ownership is a lifestyle and investment made by people
who recognize these values and are able to consistently support the obligation
with financial income. Now more than ever, people are considering their
lifestyle and work balance after 2 months of social distancing and restricted movement
in traditional shopping venues. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Looking ahead I anticipate Connecticut and My d New Haven Milford
Metro to be an extremely attractive destination based on our quality of life, affordability,
proximity to New York in New England, the availability of Metro-North rail to
New York City, and our interstate highway system.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
I remain committed to help my
fiduciary clients make the right choice at the right time, and will continue to
deliver timely information to help you make the right choice, at the right time
regarding real estate as a lifestyle and investment. Original Content by David
Carr, Licensed Agent and Professional Standards Certified Specialist. <span style="mso-spacerun: yes;"> </span>Copyright 5/20/2020 - All Rights Reserved<span style="mso-spacerun: yes;"> </span>T@ctrealdavecarr<o:p></o:p></div>
<br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-25337368603720177312020-05-02T04:36:00.006-07:002020-05-02T04:36:57.787-07:00Milford New Haven Metro CT HPI Report ending 1Q2020<div style="color: rgba(93, 90, 95, 0.96); line-height: 28px; margin-bottom: 16px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">April 30, 2020 -- While requests for property showings have decreased in March, we have seen recovery in mid-April (according to ShowingTime). Overall, we have less inventory ( 976 SFR comprising 1000-3200 sqft priced $200,000-$700,000) in all New Haven County with anticipation of a May 2020 buying surge as 30-year interest rates remain around 3.5% for qualified borrowers with over 1800 closed transaction in the previous six months.</span></div>
<div style="color: rgba(93, 90, 95, 0.96); line-height: 28px; margin-bottom: 16px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The FHFA House Price Index for my Milford New Haven Metro (Purchase Estimated Sales Price Data) Seasonally adjusted value went up 1.64 to 175.51 (a value comparable to 3Q2009) while the Non-Seasonal value corrected 1.23 to 174.39 (a value comparable to 3Q2010). This continues to support the history of the Carr value Shelf (PONSA 158-164) (SA156-163)</span></div>
<div style="color: rgba(93, 90, 95, 0.96); line-height: 28px; margin-bottom: 16px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">As we reflect on 4Q2019 we remember " comparing the All Transactions (AT) cohort to the “Purchase
Only Not Seasonally Adjusted (PONSA)” Values we see Year To Date (YTD) Growth
of 6.57 in my New Haven Milford CT Metro of 6.57 and a one quarter
decline of 0.43. Looking back to 3 Q
2017 we see a net NSA growth of 9.71. The PONSA is a quarterly decrease in value
compared t the 2.29 increase in the All Transactions (AT) dataset. It's
important to understand the distinction between these two datasets as
previously discussed in my market analysis and FHFA materials.</span></div>
<div style="color: rgba(93, 90, 95, 0.96); line-height: 28px; margin-bottom: 16px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Connecticut and my Milford New Haven Metro remains underappreciated despite our proximity, climate and high quality of life.</span><span style="font-family: Arial, Helvetica, sans-serif;">This unprecedented 2020 Spring market has created new financial and logical challenges for this market adding opportunities for qualified participants in Connecticut. </span></div>
<div style="color: rgba(93, 90, 95, 0.96); line-height: 28px; margin-bottom: 16px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Since 1996 I am here to help you discern value and quality of life when the time is right for you. People move because it’s the right time more than anything else. People complete home purchases with higher interest rates in more challenging historical environments than today. Is there anything I can do to help you make a good decision? I am here to help. Copyright©04.30.20 All Rights Reserved. Follow me on twitter @ctrealdavecarr</span></div>
<div style="color: rgba(93, 90, 95, 0.96); line-height: 28px; margin-bottom: 16px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: Arial, Helvetica, sans-serif;"><o:p></o:p></span></div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-46315043645467974842020-05-02T04:17:00.000-07:002020-05-02T04:49:59.046-07:00Carr New Haven County Residential Real Estate Price Reduction Report for May 2020<br />
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
<br /></div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
May 1, 2020 -- 82% Sellers of 976 single family homes in my<strong style="font-size: 1.3rem;"> Carr New Haven County CT Residential Real Estate Price Reduction Report (c)</strong> are maintaining their price as lack of inventory may increase demand for homes priced from $200,000 to $700,000 which offer 1000 to 3200 sqft. The confidence in my market is greater than a national average reported below. When I review the last 45 days of MLS market activity, I see 89 sellers reducing their price since April 17, 2020. There 52 reductions between 04/16/2020 and 04/01/2020, 34 reductions between 03/31/2020 and 03/17/2020, 41 reductions from 03/17/2020 to 03/03/2020 and only 25 eduction from 03/02/2020 to 02/17/2020 a period when the general public not knowingly impacted by COVID19. To provide broader definition for this May 1, 2020 <strong style="font-size: 1.3rem;">Carr New Haven County CT Residential Real Estate Price Reduction Report (c)</strong> there were also 831 Single Family Residential (SFR) houses and condominiums identified by REALTORS as pending sales and 643 closed transactions from 05/01 /2020 to 03/03/2020 making a total of 2449 comparable SFR components for this measurement.</div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
The Months of Standing Inventory (MSI) indicates three months of inventory, a historical shortage, because there are 976 properties available for purchase in the sample with 321 properties closing per month since May 3, 2020 with a broader measure of 1857 ( 309.5 per month) closing between 05/01/2020 to 11/04/2019. Traditionally a real estate market is balance when a six month inventory exists </div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
“Nearly 70% of Americans have secure employment and those interested in purchasing homes are looking at the enticing mortgage rates,” said NAR Chief Economist Lawrence Yun (nar.realtor; 4.30.2020). “One in five potential buyers has dropped out of the market due to job-loss concerns, hopes are the massive financial stimulus package can help replace a good portion of lost income until the economy steadily reopens. More home sellers are needed to relieve the acute inventory shortage.” The 04-27-20 NAR Flash-Survey of 95,688 REALTORS nationwide provided 2,508 responses. Agents responding said 51% of buyers are delaying their home buying “a couple of months.” 36% of responding agents said buyers are not expecting lower prices. 76% of their sellers were not lowering prices.</div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
My Milford New Haven Metro Connecticut neighborhood has been undervalued nationally in the Greater New York Metro since 2014 when one considers our exceptional quality of life. The rising interest in compounding and virtual workspaces makes commuting on the Metro North railway in proximity to New York City a better value than ever. 2020 is virtually a unique time to buy or sell your home when you work with me, David Carr, Professional Standards Certified Specialist, licensed in Connecticut since 1996. I am here when the time is right for you. Follow me on Twitter @ctrealdavecarr. NOTE: The <strong style="font-size: 1.3rem;">Carr Residential Real Estate Price Reduction Report (CRREPRR) (c)</strong> is an original presentation of verified facts presented to help consumers interpret possible trends in specific 2020 COVID19 Real Estae Markets ( defined by price, location, ammenity and time). The <strong style="font-size: 1.3rem;"> CRREPRR(c)</strong> is a unique lens of interpretation and data measurement that can be reproduced by any consumer using verifiable data. The <strong style="font-size: 1.3rem;">CRREPRR(c)</strong> is not intended to be a predication since there are numerous factors that effect individual motivation to buy or sell real property at any time, and is not endorsed by my affiliated colleagues or brokerages as of May 1, 2020<strong style="font-size: 1.3rem;"> </strong> </div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
<br /></div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
May 1, 2020 -- As your fiduciary agent, I am prepared to complete all aspects of real estate transactions while complying with social distance directives. I can provide my qualified clients live video to support an online offer, then arrange a physical showing. I will complete all “paperwork” using secure, authenticated, state of the art electronic document platforms. I can allow my clients to “attend” the home inspection via live video feed, asking questions and clarifying concerns in a secure, real time environment. I can arrange full document presentation for mortgage approval and appraisal, then walk you through before you execute your final closing documents</div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
<a href="https://www.blogger.com/null" name="_Hlk39241520" style="-webkit-tap-highlight-color: rgba(255, 255, 255, 0); color: rgba(0, 0, 0, 0.66); outline: 0px;" tabindex="168">2020 is virtually a unique time to buy or sell your home when you work with David Carr, Professional Standards Certified Specialist, licensed in Connecticut since 1996. I am here when the time is right for you</a>. <a href="https://www.blogger.com/null" name="_Hlk39238561" style="-webkit-tap-highlight-color: rgba(255, 255, 255, 0); color: rgba(0, 0, 0, 0.66); outline: 0px;" tabindex="169">Copyright©05.01.20 All Rights Reserved. Follow me on Twitter @ctrealdavecarr.</a></div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
<br /></div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
April 30, 2020 -- As we work to keep our neighbors safe, the responsibility of Social Distancing continues to challenge the real estate industry for a variety of reasons. While requests for property showings have decreased in March, we have seen recovery in mid-April (according to ShowingTime). Overall, we have less inventory with anticipation of a May 2020 buying surge as 30-year interest rates remain around 3.5% for qualified borrowers.</div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
This unprecedented Spring market has created new financial and logical challenges for this market adding opportunities for qualified participants in Connecticut. The FHFA House Price Index for my Milford New Haven Metro (Purchase Estimated Sales Price Data) Seasonally adjusted value went up 1.64 to 175.51 (a value comparable to 3Q2009) while the Non-Seasonal value corrected 1.23 to 174.39 (a value comparable to 3Q2010). Connecticut and my Milford New Haven Metro remains underappreciated despite our proximity, climate and high quality of life.</div>
<div style="color: rgba(93, 90, 95, 0.96); font-family: Roboto, sans-serif; font-size: 1.15rem; line-height: 28px; margin-bottom: 16px; padding: 0px;">
Since 1996 I am here to help you discern value and quality of life when the time is right for you. People move because it’s the right time more than anything else. People complete home purchases with higher interest rates in more challenging historical environments than today. Is there anything I can do to help you make a good decision? I am here to help. Copyright©04.30.20All Rights Reserved.</div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-85694793433956240752020-03-08T17:59:00.000-07:002020-03-16T10:41:09.762-07:00Carr Value Shelf continues All Transaction appreciation ending 4Q2019<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;">4-Q-2019 New Haven Milford CT Metro FHFA HPI Continues All Transactions Value Appreciation +1.93 points</span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span><span style="background-color: white; color: #444444; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;">Happy Spring Time 2020</span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span><span style="background-color: white; color: #444444; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;">My Metro New Haven Milford Connecticut neighborhood has continued to appreciate for thirty three months since </span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;">1-Q-2017. in the past 90 days our FHFA All Transactions index rose to 191.78. ending 4Q2019</span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span>
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;">It's important to note that since June 30, 2012 my market has maintained stability with appreciation, while trailing the national averages, a condition that may present deferred appreciation value. This pattern of deferred appreciation I have previously discussed can be examined in the 1991- 1997 period following the Saving and loan debacle that followed the late 1980's expansion. My observations of professional data are presented to help you gain perspective and identify potential value. There are "Multiple Values of Home Ownership" besides appreciation, since most people have to spend money for shelter.</span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span><span style="background-color: white; color: #444444; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;">My observations are not intended to be a statement of future value as I only report what happened in a specific market defined by time, inventory, and economy. My experience in Comparable Market Analysis enables me to integrate a multitude of value indicators to deliver an accurate present and historical representation of a specific property.</span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span>
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span>
<br />
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">"New Haven-Milford, CT" 35300 2014 2 171.55 -1.27
"New Haven-Milford, CT" 35300 2014 3 172.49 -1.25
"New Haven-Milford, CT" 35300 2014 4 172.92 -1.25
"New Haven-Milford, CT" 35300 2015 1 175.42 -1.28
"New Haven-Milford, CT" 35300 2015 2 175.84 -1.29
"New Haven-Milford, CT" 35300 2015 3 174.77 -1.3
"New Haven-Milford, CT" 35300 2015 4 175.61 -1.34
"New Haven-Milford, CT" 35300 2016 1 175.06 -1.36
"New Haven-Milford, CT" 35300 2016 2 177 -1.34
"New Haven-Milford, CT" 35300 2016 3 177.94 -1.3
"New Haven-Milford, CT" 35300 2016 4 177.85 -1.32
"New Haven-Milford, CT" 35300 2017 1 176.55 -1.47
"New Haven-Milford, CT" 35300 2017 2 177.05 -1.4
"New Haven-Milford, CT" 35300 2017 3 178.33 -1.4
"New Haven-Milford, CT" 35300 2017 4 180.38 -1.42
"New Haven-Milford, CT" 35300 2018 1 180.57 -1.56
"New Haven-Milford, CT" 35300 2018 2 180.55 -1.41
"New Haven-Milford, CT" 35300 2018 3 183.21 -1.44
"New Haven-Milford, CT" 35300 2018 4 183.49 -1.43
"New Haven-Milford, CT" 35300 2019 1 183.76 -1.53
"New Haven-Milford, CT" 35300 2019 2 187.77 -1.47
"New Haven-Milford, CT" 35300 2019 3 189.85 -1.41
"New Haven-Milford, CT" 35300 2019 4 191.78 -1.4</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">FHFA Purchase-Only Indexes (Estimated using Sales Price Data) Select Metropolitan Areas—Distress-Free Measures (Developmental Index; Seasonally Adjusted and Not Seasonally Adjusted/Unadjusted)</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">This index shows only purchases ( excluding refinance values) presenting 1.64 appreciation in the Seasonally Adjusted Values with a 0.53 Not Seasonally Adjusted reduction over the past six months. </pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">Please understand the difference in these two data points and how they compare to the All Transaction Value. My duty as a fiduciary agent is to present relevant market information from credible sources for my clients </pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"> </pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"> N.S.A S.Adj </pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">35300 "New Haven-Milford, CT" 2016 1 156.57 158.92
35300 "New Haven-Milford, CT" 2016 2 163.79 162.63
35300 "New Haven-Milford, CT" 2016 3 161.57 159.15
35300 "New Haven-Milford, CT" 2016 4 161.86 162.85
35300 "New Haven-Milford, CT" 2017 1 160.62 162.88
35300 "New Haven-Milford, CT" 2017 2 163.33 162.04
35300 "New Haven-Milford, CT" 2017 3 165.52 163.37
35300 "New Haven-Milford, CT" 2017 4 164.77 165.8
35300 "New Haven-Milford, CT" 2018 1 167.56 169.74
35300 "New Haven-Milford, CT" 2018 2 169.29 167.76
35300 "New Haven-Milford, CT" 2018 3 170.63 168.76
35300 "New Haven-Milford, CT" 2018 4 168.83 169.88
35300 "New Haven-Milford, CT" 2019 1 168.89 170.95
35300 "New Haven-Milford, CT" 2019 2 175.92 174.22
35300 "New Haven-Milford, CT" 2019 3 175.62 173.87
35300 "New Haven-Milford, CT" 2019 4 174.39 175.51</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">Please understand the difference in these two data points and how they compare to the All Transaction Value.</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><div style="background-color: white; border: 0px; color: rgb(64, 64, 64) !important; font-family: "Source Sans Pro", sans-serif !important; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 22px; margin-bottom: 10px; padding: 0px; vertical-align: baseline; white-space: normal;">
<span class="ms-rteThemeForeColor-9-0" style="border: 0px; color: #ed0033; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qpo" style="border: 0px; color: #276598; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">Quarterly Purchase-Only Indexes</a></span></span>
The standard indexes reported in quarterly news releases. Use prices from sales transactions of mortgage data obtained from the Enterprises </div>
<div style="background-color: white; border: 0px; color: rgb(64, 64, 64) !important; font-family: "Source Sans Pro", sans-serif !important; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 22px; margin-bottom: 10px; padding: 0px; vertical-align: baseline; white-space: normal;">
<span class="ms-rteThemeForeColor-9-0" style="border: 0px; color: #ed0033; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat" style="border: 0px; color: #276598; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">Quarterly All-Transactions Indexes</a></span></span>
Build on the purchase-only index data by adding prices from appraisal data obtained from the Enterprises.</div>
<div style="background-color: white; border: 0px; color: rgb(64, 64, 64) !important; font-family: "Source Sans Pro", sans-serif !important; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 22px; margin-bottom: 10px; padding: 0px; vertical-align: baseline; white-space: normal;">
<span class="ms-rteThemeForeColor-9-0" style="border: 0px; color: #ed0033; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qexe" style="border: 0px; color: #276598; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">Quarterly Expanded-Data indexes</a></span></span>
Build on the purchase-only and all-transactions index data by adding prices from FHA and county recorder data. </div>
<div style="background-color: white; border: 0px; color: rgb(64, 64, 64) !important; font-family: "Source Sans Pro", sans-serif !important; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 22px; margin-bottom: 10px; padding: 0px; vertical-align: baseline; white-space: normal;">
<span class="ms-rteThemeForeColor-9-0" style="border: 0px; color: #ed0033; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#povol" style="border: 0px; color: #276598; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">Purchase-Only Indexes Volatility Parameters</a></span></span>
The standard deviation of house price growth (accounting for the time between repeat sales). Use prices from sales transactions of mortgage data obtained from the Enterprises. </div>
<div style="background-color: white; border: 0px; color: rgb(64, 64, 64) !important; font-family: "Source Sans Pro", sans-serif !important; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 22px; margin-bottom: 10px; padding: 0px; vertical-align: baseline; white-space: normal;">
<span class="ms-rteThemeForeColor-9-0" style="border: 0px; color: #ed0033; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#atvol" style="border: 0px; color: #276598; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">All-Transactions Indexes Volatility Parameters</a></span></span>
The standard deviation of house price growth (accounting for the time between repeat sales). Build on the purchase-only volatility data by adding prices from appraisal data obtained from the Enterprises.</div>
<div style="background-color: white; border: 0px; color: rgb(64, 64, 64) !important; font-family: "Source Sans Pro", sans-serif !important; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 22px; margin-bottom: 10px; padding: 0px; vertical-align: baseline; white-space: normal;">
</div>
</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"> My duty as a fiduciary agent is to present relevant market information from credible sources for my clients.</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">It seems to me people purchase real property when they are at an intersection of time and life place with the resources and confidence to invest in making a commitment to a community, compared to renting. </pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">I look forward to helping you make the right move, when the time s right for you.</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">Sincerely,</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">David Carr</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;">Copyright (C) March 8, 2020 All Rights Reserved</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px;"><br /></span>
<br />
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-22932301777276611342020-02-06T14:15:00.002-08:002022-03-18T08:10:14.616-07:00Owner Occupied Housing Trusts: A Connecticut Solution <br />
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++Owner Occupied Housing
Trusts: A Connecticut Solution By David
Carr <o:p></o:p></span></div>
<br />
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">This February 2020, Governor
Lamont proposed bonding $300,000,000 for affordable housing construction, (40% was
already approved but never spent). We have
the 5th highest average homeowner expenses and 10th highest renting costs nationwide,
according to the census. <o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<a href="https://www.blogger.com/null" name="_Hlk31901232"><span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++</span></a><span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">My contribution to this problem is the creation of an original
financial management. process I have named the Owner Occupied Housing Trust, a
service delivered by nonprofit trustees on behalf of the owner-occupant. The
owner-occupant will authorize all rent payments to be made to the trustee, who
will disburse the funds according to the agreement, preventing the
owner-occupant from undermining their home equity growth by assuring
responsible use of available financial leverage.<o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++After reading the
Wednesday, April 24, 2019 article “Greater New Haven leaders to form regional
affordable housing committee,” real estate professionals can work with other leaders
to deliver the opportunity and reality of homeownership to all who desire, and
are willing to maintain their homestead. REALTORS are called to this duty by
the Code of Ethics Preamble which states <o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++ “Under all is the
land. Upon its wise utilization and widely allocated ownership depend the
survival and growth of free institutions and of our civilization. REALTORS®
should recognize that the interests of the nation and its citizens require</span><b><span face=""Arial",sans-serif" style="color: red; mso-bidi-font-family: "Times New Roman";">s</span></b><span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"> the highest and best use of the land and the widest
distribution of land ownership. They require the creation of adequate housing,
the building of functioning cities, the development of productive industries
and farms, and the preservation of a healthful environment.”<o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++Connecticut needs more
pathways to make home ownership attainable and sustainable for people who can’t
afford market-rate housing. New Haven had a April 2019 wait list
exceeding 10,000 people for space in its 6,000 units, with about 400 families
(1600 people) leaving each year. 58% of renters pay more than $1,000 a month while
2% pay $750 a month or less (*1). The median 2019 rent in New Haven is $1,090
while the HUD Free Market Rent for 2019 is $1,403 for a two-bedroom apt and
$1,788 for a three bedroom (*2). Where are these 10,000 people on the wait list
living now, and how are they currently paying their expenses? How is the
housing choice program assisting very-low-income families maintain safe, secure
homes, and how are specific neighborhoods improving or reducing their quality
of life? <o:p></o:p></span></div><div style="background: white;"><span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div><div style="background: white;"><span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++On March 18, 2022 I have an opportunity to add about seven hundred 2 - 3 Bedroom rental usits to our prospective New Haven owner occupants in collaboration with philanthropic investors in our future</span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++To make owner-occupied
housing affordable there is a need for <a href="https://www.blogger.com/null" name="_Hlk31900533">Owner Occupied
Housing Trusts</a>, to manage the income from rental parties on behalf of the
owner-occupant.</span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">. <o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++For owner-occupied
rental housing to provide enduring value the owner needs to commit to
aggressive financial management of their resources to build confidence for
lenders considering the rental income as a means of loan repayment.<o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++ For an owner-occupant
to claim rental income there needs to be a consistent flow of income with
reserves to pay for scheduled maintenance and improvements which may be tax
credits.<o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++The owner-occupant
will need reserves for vacancy and unexpected expenses. . Ideally, the
owner-occupant will have 6 months of principal interest tax and insurance
payments in reserve. <o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++The successful owner-occupant
also needs to accept the premise of equity in the property as a wealth-building
tool. To assure the security of generational home ownership the owner-occupant must agree to
achieve and maintain 80% free and clear equity. The cushion will prevent foreclosure in the event of sighted refinance cash out that leads to negative equity in a hypothetical cash value adjustment. The owner-occupant will pay a full market rent, investing all the income to accelerate mortgage repayment. <o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++Owner Occupied Housing
Trusts will provide a foundation of confidence for owner occupants and the
state of Connecticut to guarantee mortgages <a href="https://www.blogger.com/null" name="_Hlk31868043">Owner Occupied
Housing Trusts </a>can make housing affordable while providing opportunity and
stabilization for a wide rage of neighborhoods in different communities in the
face of upscale rental development.<o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";">+++Five variables that
directly influence housing affordability are: 1 -economic opportunity, 2-
personal ability or disability, 3- transportation, 4- food security, and
5-financial dexterity. These systemic variables determine the annual
expenses that must be managed to maintain housing security for any individual
or family. To focus on one variable while ignoring others can create
instability. <o:p></o:p></span></div>
<div style="background: white;">
<span face=""Arial",sans-serif" style="color: #241e12; mso-bidi-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++The
variables of transportation and food
security compound the cost of housing. A person with access to more
efficient transportation and cost-effective food can designate more housing
dollars from the same income base. A person that can walk, bike,
rideshare or ride a bus to work or food shop will have a higher percentage of
spendable income than a car owner who lives in a rural setting driving farther
to work and shop. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++A
person, family or group who can make food from raw ingredients will have more
servings that are probably healthier than the fast food convenience store
shopper. When residents can make bulk food purchases they can save (earn) even
more money that can be leveraged by preparing high protein low fat entrees
instead of carry out ready to eat choices. We make our own bead, so I can have
100 loaves for about $20 compared to $2-$4/ loaf in the store. I can make two
large pizzas from 1 lb. of <b>Mozzarella</b>
($4-), flour ($0.50), sauce and toppings ($2-$3) or buy two pizzas for
$15-$30. This goes on and on. If you choose to add SNAP or community
farming the matrix shifts again. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face="Arial, sans-serif" style="font-size: 12pt;">+++Lack of Economic Opportunity is the local
inability of an individual to find employment that produces the income
necessary to sustain one’s self and family. To remediate lack of income there
must be more demand for the labor quality and skill sets available from </span><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">New Haven residents seeking affordable
housing. To suggest an existing business could simply pay more wages can
trigger the economic reaction of relocation, or higher prices since many
economies across the nation are thriving. Another part of my research can be types of </span><span face="Arial, sans-serif" style="background-color: transparent; color: #241e12; font-size: 12pt;">income producing opportunity can be added to the job menu here</span><b style="background-color: transparent;"><span face="Arial, sans-serif" style="color: red; font-size: 18pt;">.</span></b><span face="Arial, sans-serif" style="color: #241e12; font-size: 12pt;"> </span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span face=""Arial",sans-serif" style="color: red; font-size: 18pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++As
we look around, we see all the once bustling factories turned into offices,
apartments, stores, condos and small work share centers, with less hourly wage
opportunity for shift workers and laborers. A solution is job creation
with wage allocation for housing costs. The CT- DOL recently funded two
regional job-skill development initiatives northwestern and south-central
Connecticut with $5 million, part of $50 million former Gov. Malloy apportioned
to train 10,000 citizens to fill job shortages in manufacturing, health care
and construction. If the jobs were here, could everybody afford to be an owner
occupant? Housing costs as a whole number (Principle, Interest, Tax, Insurance)
remain low in Connecticut cities compared to many national metros.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++Personal ability or disability</span></b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">, directly affects vocational and housing
security, which is why “affordable” housing is such a difficult problem. For
people seeking subsidized housing, what is unique, critical or common must be
determined about each individual in order to prioritize access. An assessment
of need could be done every year, because getting on a list should not be the
prime reason to get subsidized housing. Many types of disability, which
are not going to be explored here, can prevent a person from being willing and
able while people with disabilities frequently obtain financial assistance.
One person may find a way to earn income with a disability, while another
person may not want to work at all. </span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++Other personal ability factors are
not limited to continuing education for skill set development<b>, financial
dexterity, </b></span><span face="Arial, sans-serif" style="font-size: 12pt;">resources,</span><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> task tolerance and lifestyle choices. A
person can buy a 7" 8GB WiFi Tablet for $77 that can access all kinds of educational
resources today, or something else. My position being that a community
cannot look at a problem from the same place on the circle to see new solutions
unless all the systemic precipitants of the problem are on the table.</span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++Financial Dexterity</span></b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> is the unique personal skill set necessary to manage a specific
level of income. We see very wealthy people go bankrupt while other people
maintain their home with a constant supply of minimal food and domestic
necessities. It’s not what you make that makes the difference, it’s what you do
with whatever you have, and how much one can save for a rainy day. Teaching <b>residential
financial dexterity</b> is a complex process involving expectations,
entitlements and desires, all balanced in a competitive, credit based
consumerist culture. For some people, life may be about style and trend chasing
in search of a desired moment. Is identity an acquisition, a cultivated state
of mind, or both? </span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++
People are faced with endless choices about what to buy, where to purchase, and
what to expect in a consumerist culture. Making decisions about what we wear,
drive or eat, how much climate control we want at home, or how much
technological entertainment we need are all choices that require thoughtful
consideration as people allocate sometimes scarce resources. Housing may never
be compatible with a choice to overspend, engage in compulsive behavior or
addictions, and is further complicated by the need for medical care.</span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++A
family needs about $21,000 <b>Basic Annual Key Money</b> to rent a $1300
two-bedroom apartment in Greater New Haven, CT. comprising $16,000 in rent
payments, $2400 for electric, maybe $2200 for heat (750-gals heating oil
@$3.00) and $200 for renter’s insurance. Then add food, transportation, health
care furnishings and personal needs which I will refrain from estimating in
detail other than a $200/week for ($11,000 per year) for food and a bus pass to
total $32,000 for the household.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">T+++he
Housing task force has proposed the creation of accessory dwelling units(*3),
construction of housing on abandoned lots that are now owned by the city, and
that new buildings with 10 units or more provide 10- 20% of the units below
2018 Fair Market (Low= $1258 /3BR)(High=$1630 /3BR) Rent (*4), but who
will make that investment and how will it be returned? None of these solutions
work if an individual does not have consistent means and ability to maintain
financial solvency. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++People
suggest 50 city-owned lots in residential areas that could support housing if
the lot size were lowered when recently the city was demolishing abandoned
property to create sliver lots shared between neighbors because it was
determined less density increased quality of life and neighborhood value. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face="Arial, sans-serif" style="font-size: 12pt;">+++If a person were to <b>owner occupy a three unit
building</b> and apply a rental value of $800 x 3= $2400 x 12 month =$
28,800/year x .95 vacancy the GRI (gross rental income) would be $27,360.
Expenses include property tax of $8000, Water of $800, Sewer of $600,
Electric of $2400 and Insurance $3000 which totals $14,400 the remainder of
$12,000 divided by 12 leaves about $1000 per month net income for the owner
occupant </span><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">who has contributed
$800. At 5% over 30 years each $100,000 borrowed costs $537.00 per month, so
$998.82 pays a $186,000 mortgage. If the rent collected changes to $1000 per
month x .95 = $34,200 minus $14,400 expenses there is $19,800 ( $1650/month)
which is enough to pay a $360,000 mortgage ($1933 principle and interest). These
numbers are for discussion and will be different under unique conditions
including tax treatment. That being said, I believe controlling variables in
cash management remains the foundation to successfully maintaining a
residence. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++As
a local resident and licensed Professional Standards Certified Specialist since
1996</span><span face=""Arial",sans-serif" style="color: red; font-size: 18pt; mso-fareast-font-family: "Times New Roman";">, </span><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">I have experienced a variety of multifamily
properties causing me to become well acquainted with the process of investment,
financing, and challenges faced by property owners and occupants who inhabit
rental housing. These conditions are unique to each property, the
occupants, neighborhood and the owner who controls it</span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++The answer is more owner occupants,</span></b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> yet were are currently only fourteen (two
family) buildings listed under $200,000 and ten (three family) buildings listed
under $300,000 in my New Haven, Hamden, East Haven & West Haven MLS inventory on Feb. 6, 2020, a total of only
64 units. I have previously identified 91 residential units in various
stages of foreclosure in New Haven on 5/6/19 of which 63 are titled to banks</span><span face=""Arial",sans-serif" style="color: red; font-size: 18pt; mso-fareast-font-family: "Times New Roman";">, </span><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">LLCs
and the City of New Haven, the remaining 28 in the names of individuals, yet I
am not fully researching this now because the data set changes daily. As I
commented in the New Haven Register on 4/24/19, “I help my clients (with good,
slow or no credit) who earn consistent income to afford housing. If you are not
using credit cards you are not building credit. Real Estate is the best
leveraged path to financial independence.”<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++Housing and food security remain critical issues</span></b><span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> for our communities to resolve. The
Connecticut Coalition to End Homelessness reports 1) 3,383 total
individuals were counted as homeless in Connecticut as of January 2018, a 24%
decrease from 2007, 2) The number of chronically homeless individuals
(experiencing long-term homelessness and living with disabilities) decreased
69% since 2014 in Connecticut; down 15% since 2017. 3) 370 families were
experiencing homelessness in Connecticut as of January 2018, a decrease of 6%
from 2017. 4) 38 vets were found in emergency shelter: an increase of 11.6%
since 2017; yet only 13 Veterans were unsheltered — a decrease of 7.1% </span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">+++Other
communities are considering 420-square-foot tiny homes that cost around $60,000
which take 90 days to complete, as well as prefabricated small houses. The
construction standards of travel trailers have been established for decades.
Trailers can build out to a maximum of 400 square feet of floor space like
a 240 square Foot 2019 Coleman 263BH for $18,000 or a 248 sqft 2017 Hartland
M325 for $19,000. A travel trailer could be financed for one year’s rent of
$1400 ($15,800) and installed in a location supported with water, sewer and
electric. Mobile homes are the next step up, where one could buy a 659 sq foot
unit for $49,000 today with no site work needed but water, sewer and electric,
while Tacoma is building tent cities.</span></div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face=""Arial",sans-serif" style="color: #241e12; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">. <o:p></o:p></span></div>
<div style="background: white;">
</div>
<div class="MsoNormal" style="background: white; line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span face="Arial, sans-serif" style="font-size: 12pt;">+++In closing, I desire, and am available, to work
with people who are committed to creating innovative, respectful solutions to make
Greater New Haven a better place to live, work and build community by
developing space, opportunity and ability. Controlling variables in cash
management remains the foundation of successfully maintaining a residence. These
ideas and the content of this letter are my original work as a licensed real
estate professional and independent contractor. My original assessment and
proposal are my own unless affirmed by others. My intent is to do well by doing
good. Contact Me at my office (203) 877-2704 x 400826, follow me on
Twitter @ctrealdavecarr or make an
appointment to stop by and visit me at 54 Broad Street, Milford, CT …. © David
Carr 2020 All Rights Reserved </span><o:p></o:p></div>
<br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-52330721769678367402019-11-28T05:13:00.001-08:002019-11-29T11:29:15.879-08:003Q2019 New Haven Milford CT Metro HPI Continues All Transactions Value Appreciation +2.29 points<span style="font-family: "times" , "times new roman" , serif;">Nov 27, 2019</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">3Q2019 New Haven Milford CT Metro HPI Continues All Transactions Value Appreciation +2.29 points</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">Happy Thanksgiving!</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">My Metro New Haven Milford Connecticut neighborhood has continued to appreciate for thirty months since 1 Q2017. in the past 90 days our All Transactions index rose 2.29 to 190.48</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">It's important to note that since June 30, 2012 my market has maintained stability with appreciation, while trailing the national averages, a condition that may present deferred appreciation value. This pattern of deferred appreciation I have previously discussed can be examined in the 1991- 1997 period following the Saving and loan debacle that followed the late 1980's expansion. My observations of professional data are presented to help you gain perspective and identify potential value. There are "Multiple Values of Home Ownership" besides appreciation, since most people have to spend money for shelter.</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">My observations are not intended to be a statement of future value as I only report what happened in a specific market defined by time, inventory, and economy. My experience in Comparable Market Analysis enables me to integrate a multitude of value indicators to deliver an accurate present and historical representation of a specific property.</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">Evidence of market confidence can be seen in an increasing presence of Home Equity (HELOC) Loan advertisements, and Mortgages with no appraisal requirement.</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">Connecticut remains a great value for many reasons, including</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">250 miles of coastline</span><br />
<span style="font-family: "times" , "times new roman" , serif;">3rd Healthiest 2018 population in the USA</span><br />
<span style="font-family: "times" , "times new roman" , serif;">#4 ranked for bio science patents in the USA</span><br />
<span style="font-family: "times" , "times new roman" , serif;">#5 ranked for 2018 Pre-K education quality in the USA</span><br />
<span style="font-family: "times" , "times new roman" , serif;">#1 for 2018 College readiness in the USA with 38 colleges</span><br />
<span style="font-family: "times" , "times new roman" , serif;">100 minuet Amtrak travel to New York</span><br />
<span style="font-family: "times" , "times new roman" , serif;">Hospitable Climate</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">When you want to learn more contact "David Carr Ct Real Estate"</span><br />
<span style="font-family: "times" , "times new roman" , serif;">Look at my market with me free and secure app http://homesnap.com/david-carr-1</span><br />
<span style="font-family: "times" , "times new roman" , serif;">Visit my company webpage</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">I'm here when the time is right for you,</span><br />
<span style="font-family: "times" , "times new roman" , serif;">The foundation of your success in real estate since 1996 </span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<br />
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif;">Note from the same 3Q2019 All Transactions index how my All Transactions HPI Metro has not fully recovered from the 2008 Black Swan peak </span></pre>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<br />
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif;">"New Haven-Milford, CT" 35300 2004 4 189.63 -1.23 APPRECIATION CONTINUES
"New Haven-Milford, CT" 35300 2005 1 194.35 -1.27 </span></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif;">"New Haven-Milford, CT" 35300 2005 2 201.66 -1.31
"New Haven-Milford, CT" 35300 2005 3 208.42 -1.34
"New Haven-Milford, CT" 35300 2005 4 212.6 -1.39
"New Haven-Milford, CT" 35300 2006 1 216.07 -1.44
"New Haven-Milford, CT" 35300 2006 2 217.54 -1.43
"New Haven-Milford, CT" 35300 2006 3 217.74 -1.43
"New Haven-Milford, CT" 35300 2006 4 219.06 -1.44
"New Haven-Milford, CT" 35300 2007 1 220.38 -1.46 PEAK VALUE
"New Haven-Milford, CT" 35300 2007 2 219.7 -1.43
"New Haven-Milford, CT" 35300 2007 3 217.17 -1.41
"New Haven-Milford, CT" 35300 2007 4 215.58 -1.41
"New Haven-Milford, CT" 35300 2008 1 215.02 -1.38
"New Haven-Milford, CT" 35300 2008 2 208.68 -1.36
"New Haven-Milford, CT" 35300 2008 3 201.42 -1.34
"New Haven-Milford, CT" 35300 2008 4 200.46 -1.35
"New Haven-Milford, CT" 35300 2009 1 202.2 -1.3
"New Haven-Milford, CT" 35300 2009 2 195.03 -1.24
"New Haven-Milford, CT" 35300 2009 3 189.32 -1.24 BEGIN 190 NEGATIVE EQUITY </span></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif;">Property would be of equal/higher value when purchased after 3Q2009 after enduring ten years of undervaluation </span></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif;">"New Haven-Milford, CT" 35300 2009 4 189.69 -1.25
"New Haven-Milford, CT" 35300 2010 1 186.79 -1.25
"New Haven-Milford, CT" 35300 2010 2 185.65 -1.23
"New Haven-Milford, CT" 35300 2010 3 187.44 -1.23
"New Haven-Milford, CT" 35300 2010 4 186.91 -1.2
"New Haven-Milford, CT" 35300 2011 1 181.72 -1.22
"New Haven-Milford, CT" 35300 2011 2 177.87 -1.21
"New Haven-Milford, CT" 35300 2011 3 178.97 -1.2
"New Haven-Milford, CT" 35300 2011 4 179.74 -1.17
"New Haven-Milford, CT" 35300 2012 1 176.97 -1.17
"New Haven-Milford, CT" 35300 2012 2 174.49 -1.16 CARR VALUESHELF ESTABLISHED
"New Haven-Milford, CT" 35300 2012 3 174.77 -1.16
"New Haven-Milford, CT" 35300 2012 4 175.02 -1.16
"New Haven-Milford, CT" 35300 2013 1 174.98 -1.17
"New Haven-Milford, CT" 35300 2013 2 174.62 -1.18
"New Haven-Milford, CT" 35300 2013 3 174.28 -1.21
"New Haven-Milford, CT" 35300 2013 4 173.03 -1.29
"New Haven-Milford, CT" 35300 2014 1 171.68 -1.32
"New Haven-Milford, CT" 35300 2014 2 171.7 -1.27 TECHNICAL LOW FOR MOST
"New Haven-Milford, CT" 35300 2014 3 172.52 -1.25 APPRECIATION
"New Haven-Milford, CT" 35300 2014 4 173 -1.25
"New Haven-Milford, CT" 35300 2015 1 175.5 -1.28
"New Haven-Milford, CT" 35300 2015 2 175.86 -1.29
"New Haven-Milford, CT" 35300 2015 3 174.86 -1.31
"New Haven-Milford, CT" 35300 2015 4 175.76 -1.35
"New Haven-Milford, CT" 35300 2016 1 175.15 -1.37
"New Haven-Milford, CT" 35300 2016 2 177.04 -1.35
"New Haven-Milford, CT" 35300 2016 3 177.95 -1.3
"New Haven-Milford, CT" 35300 2016 4 178.06 -1.33
"New Haven-Milford, CT" 35300 2017 1 176.7 -1.48
"New Haven-Milford, CT" 35300 2017 2 177.48 -1.41
"New Haven-Milford, CT" 35300 2017 3 178.63 -1.42 CARR VALUESHELF EXCEEDED
"New Haven-Milford, CT" 35300 2017 4 180.66 -1.44
"New Haven-Milford, CT" 35300 2018 1 181.04 -1.59
"New Haven-Milford, CT" 35300 2018 2 180.6 -1.44
"New Haven-Milford, CT" 35300 2018 3 183.8 -1.5
"New Haven-Milford, CT" 35300 2018 4 184.45 -1.52
"New Haven-Milford, CT" 35300 2019 1 184.27 -1.62
"New Haven-Milford, CT" 35300 2019 2 188.19 -1.51
"New Haven-Milford, CT" 35300 2019 3 190.48 -1.46 </span></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">As we compare the All Transactions (AT) cohort above to the “Purchase
Only Not Seasonally Adjusted" (PONSA) Values below, we see Year To Date (YTD) </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Growth of 6.57 in my New Haven Milford CT Metro of 6.57 and a one quarter
decline of 0.43. </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
</div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Looking back to 3 Q 2017 we see a net NSA growth of 9.71. The
PONSA is a quarterly decrease in value compared t the 2.29 increase in the All
Transactions (AT) data-set. Its important to understand the distinction between
these two data-sets as previously discussed in my market analysis and FHFA
materials.<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">What does this mean to you? In my opinion as a real
estate professional, not a statistician, this is one point of information that
can be compared to other hyper local comparable values in your target market
Price, Amenity, Location and Time (PALT).
</span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif;">NOTE_ You have to read through this text alignment it did not copy the same, </span></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">FHFA HPI PURCHASE ONLY 3Q2019 11/27/2019 <o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;"> Not &Seasonally Adjusted NSA SA</span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
</div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven- Mlford, CT" 2006 1 196.02 198.06<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2006 2 200.01 198.23<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2006 3 197.82 195.14<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2006 4 193.56 195.78<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2007 1 199.39 201.6<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2007 2 201.95 200.22
-----PEAK S.A.<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2007 3 201.13 197.82<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2007 4 193.55 195.98<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2008 1 185.58 188.11<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2008 2 186.69 185.03<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2008 3 182.58 179.04<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2008 4 177.15 179.27<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2009 1 176.84 180.16<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2009 2 173.31 171.56<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2009 3 179.01 174.94<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2009 4 168.73 170.78<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2010 1 166.24 170.04<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2010 2 172.54 170.65<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2010 3 174.46 170.09<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2010 4 160.37 162.26<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2011 1 153.85 157.84<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2011 2 163.18 161.3<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2011 3 162.24 157.98<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2011 4 160.71 162.68<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2012 1 150.79 154.67 </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">--- LOWEST POINT ON LINE ABOVE ---
</span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2012 2 158.12 156.3
</span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">-----CARR NSA VALUE SHELF BEGINS ON LINE ABOVE--------<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2012 3 161.56 157.57<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2012 4 151.38 152.98<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2013 1 154.61 158.4<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2013 2 160.38 158.69<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2013 3 161.41 157.73<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2013 4 157.76 159.33<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2014 1 153.58 156.77<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2014 2 155.78 154.44<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2014 3 158.74 155.56<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2014 4 155.01 156.31<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2015 1 154.99 157.71<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2015 2 159.08 158.02<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2015 3 162.28 159.36<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2015 4 158.27 159.46<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2016 1 156.72 159.12<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2016 2 163.91 162.80 </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">-----CARR ALL TRANS VALUE SHELF ENDS ON LINE ABOVE-----
</span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2016 3 161.48 159.08<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2016 4 161.93 162.89<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2017 1 160.8 163.13<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2017 2 163.53 162.30 </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">--------CARR NSA VALUE SHELF ENDS ON LINE ABOVE-------<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2017 3 165.72 163.61 (+2.19)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2017 4 165.07 166.02 (-0.65-YTD +4.27) </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2018 1 167.5 169.79 (+ 2.43)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2018 2 169.45 167.98 (+1.95)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2018 3 170.72 168.9 (+1.27)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2018 4 168.88 169.8 (-1.84)(YTD +2.3 NSA)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2019 1 168.86 171.07 (-0.02)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2019 2 175.96 174.3 (+7.10)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Haven-Milford, CT" 2019 3 175.43 173.75(-0.43)(YTD+6.57 NSA)<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><pre style="overflow-wrap: break-word; white-space: pre-wrap;"><span style="font-family: "times" , "times new roman" , serif; font-size: 11pt; line-height: 15.6933px;">SOURCE: https://www.fhfa.gov/DataTools/Downloads/Documents/HPI/HPI_PO_m</span></pre>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
</div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">As we compare the All Transactions (AT) cohort at the beginning to the “Purchase
Only Not Seasonally Adjusted (PONSA)” Values we see Year To Date (YTD) Growth
of 6.57 in my New Haven Milford CT Metro of 6.57 and a one quarter
decline of 0.43. </span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
</div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">Looking back to 3 Q 2017 we see a net NSA growth of 9.71 over two years. The 3Q2019
PONSA presents a 0.43 quarterly decrease in value compared to the 2.29 increase in the All Transactions (AT) dataset. It's important to understand the distinction between
these two datasets as previously discussed in my market analysis and FHFA
materials.<o:p></o:p></span></div>
<span style="font-family: "times" , "times new roman" , serif;">
</span><div class="MsoNoSpacing">
<span style="font-family: "times" , "times new roman" , serif;">What does this mean to you? In my opinion as a real
estate professional, not a statistician, this is one point of professionally complied public information that can be compared to other hyper local comparable values in your target market Price, Amenity, Location and Time (PALT).
</span><br />
<span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;">My observations are not intended to be a statement of future value as I only report what happened in a specific market defined by time, inventory, and economy. My experience in Comparable Market Analysis enables me to integrate a multitude of value indicators to deliver an accurate present and historical representation of a specific property.</span><o:p></o:p></span><br />
<span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;">When you want to learn more contact "David Carr Ct Real Estate"</span>
<span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;">Look at my market with me free and secure app http://homesnap.com/david-carr-1</span>
<span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;">Visit my company webpage</span>
<span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;">I'm here when the time is right for you,</span>
<span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;">The foundation of your success in real estate since 1996 </span></span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px; white-space: normal;">
</span>
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px; white-space: normal;"><span style="color: black; font-size: 13.3333px;">Since 1996 I, David Carr, have established licensed fiduciary relationships with buyers and sellers of real property in Connecticut. My goal is to provide exceptional needs assessment, value identification, transparent transaction management, and comparable market analysis. My experience, care for my clients, and team at Berkshire Hathaway Home Services New England (“On the Green” in Milford, CT.) add value to the quality of service I provide. For more information to schedule an appointment call 203-877-2704 x400826. </span></span><br />
<span style="background-color: white; color: #444444; font-family: "times" , "times new roman" , serif; font-size: 13px; white-space: normal;"><span style="color: black; font-size: 13.3333px;">
</span></span>
<span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: white; color: #444444; font-size: 13px; white-space: normal;"><span style="background-color: transparent; white-space: pre-wrap;">Price, Amenity, Location and Time (PALT). </span></span>-CARR VALUE SHELF <span style="background-color: white; font-size: 13.3333px; white-space: normal;">Copyright 2019 All Rights Reserved</span></span></div>
<div class="MsoNoSpacing">
</div>
</pre>
<pre style="overflow-wrap: break-word; white-space: pre-wrap;"></pre>
<pre style="margin: 0px; overflow-wrap: break-word; white-space: pre-wrap;"></pre>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-73610812753866376092019-08-29T04:42:00.000-07:002019-08-29T04:46:45.146-07:00NEW HAVEN MILFORD CT PRESENTS CONTINUED 2019 HOUSE PRICE INDEX GROWTH<br />
<div class="MsoBodyText">
NEW HAVEN MILFORD CT PRESENTS CONTINUED 2019 HOUSE PRICE INDEX
GROWTH <o:p></o:p></div>
<div class="MsoBodyText">
<br /></div>
<div class="MsoBodyText">
Aug 28, 2019 (CT) The Greater New Haven Milford
Metro House Price Index rose 1.80 to 187.88 (-1.56) <span style="mso-spacerun: yes;"> </span>ending 2Q2019. <o:p></o:p></div>
<div class="MsoBodyText">
<br /></div>
<div class="MsoBodyText">
<b>New Haven-Milford, CT <span style="mso-spacerun: yes;"> </span>is now ranked #180 nationwide of 221 ranked
metros, another improvement since last quarter <span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>One year New Haven-Milford <span style="mso-spacerun: yes;"> </span>appreciation is now 3.61% . The past quarter
appreciated 0.96%, and five year New Haven-Milford appreciation continues to improve
this report at 9.50%</b><o:p></o:p></div>
<div class="MsoBodyText">
<a href="https://www.blogger.com/null" name="_Hlk17948375"><br /></a></div>
<span style="mso-bookmark: _Hlk17948375;"></span>
<br />
<div class="MsoBodyText">
Just over the Housatonic River Bridge, Bridgeport-Stamford-Norwalk
was ranked a little behind<span style="mso-spacerun: yes;"> </span>New
haven-Milford at #207 nationwide, an 4.3(1.68) FHFA HPI Index improvement since
last quarter<span style="mso-spacerun: yes;"> </span>One Year appreciation is
now 2.88% . The past quarter appreciated 2.11%, and Five year appreciation
continues to improve this report at 8.64%<o:p></o:p></div>
<div class="MsoBodyText">
<br /></div>
<div class="MsoBodyText">
The Carr New Haven Milford Metro Value Shelf (Established 2014)
<span style="mso-spacerun: yes;"> </span>is defined as the range of 173-178, the
5 point range HPI values have maintained and exceeded for the past 91 months. I
first recognized appreciation in the third quarter of 2012 (2Q2012). <o:p></o:p></div>
<div class="MsoBodyText">
<br /></div>
<div class="MsoBodyText">
At 32 points below the 2007 Peak Value of 220 it seems my
New Haven – Milford <span style="mso-spacerun: yes;"> </span>Metro has room to
grow statistically and logistically, as we are well positioned region on NYC
Commuter Rail, two interstate highways with an incredible shoreline, quality of
life and comparably affordable housing to Fairfield, Westchester and New York City.
Other great values include our attractive, four season climate and Yale University.
<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoBodyText">
<span style="mso-spacerun: yes;"><br /></span></div>
<div class="MsoBodyText">
USA housing values have mostly recovered, in some places
attaining new, bubble like highs, leaving Connecticut in the bottom 10% of the
nation in recovery. <span style="mso-spacerun: yes;"> </span>It’s very
interesting to see San Francisco (#239), Santa Rosa (#240), and San Rafeal
(#241) all trailing national indices posting one year and some quarterly value
losses.<o:p></o:p></div>
<div class="MsoBodyText">
<br /></div>
<div class="MsoBodyText">
The FHFA eeported “The areas showing the smallest annual
appreciation were: 1) Delaware 1.2 percent; 2) Maryland 1.5 percent; 3)
District of Columbia 1.8 percent; 4) Iowa 2.2 percent; and 5) New Jersey 2.7
percent. Annual price increases were greatest in Boise City, ID, where prices increased
by 13.6 percent. Prices were weakest in Oxnard-Thousand Oaks, Ventura, CA,
where they increased 0.5 percent.”<o:p></o:p></div>
<div class="MsoBodyText">
<br /></div>
<div class="MsoBodyText">
The Aug 27, 2019 <span style="mso-spacerun: yes;"> </span>FHFA
Connecticut Index (FHFA-HPI) of 179.81 (1.26) <span style="mso-spacerun: yes;"> </span>placed my market about 10%<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>below the
July 2006 <span style="mso-spacerun: yes;"> </span>Pre Recession 2007 Peak Index value
which was<span style="mso-spacerun: yes;"> </span>199.51 (1.12) . <o:p></o:p></div>
<div class="MsoNormal">
Since 1996 you can depend on me to help you make good decisions
about real estate when you are ready to learn, buy, sell and invest in Southern
Connecticut and my Milford-New Haven Metro. I help my Fidicuary clients make decisions
by evaluating information and opportunity is specific markets. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="mso-spacerun: yes;"> </span>#HomeOwnershipBuildsWealth
when you invest your monthly housing expenses in real property without
borrowing the equity.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Find me @ctrealdavecarr or explore my market with my free,
confidential real estate education tool <a href="http://homesnap.com/david-carr-1">http://homesnap.com/david-carr-1</a> <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
You can schedule an appointment or call me at my office, “On
The Green” in Milford, CT.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Since 1996, I am the Foundation of Your Success in Real Estate,
Here when the Time is Right for you. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2007<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>220.37<span style="mso-tab-count: 1;"> </span>-1.46<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>PEAK VALUE<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2007<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>219.69<span style="mso-tab-count: 1;"> </span>-1.43<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2007<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>217.17<span style="mso-tab-count: 1;"> </span>-1.41<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2007<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>215.58<span style="mso-tab-count: 1;"> </span>-1.41<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2008<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>215.04<span style="mso-tab-count: 1;"> </span>-1.38<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2008<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>208.68<span style="mso-tab-count: 1;"> </span>-1.36<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2008<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>201.43<span style="mso-tab-count: 1;"> </span>-1.34<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2008<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>200.47<span style="mso-tab-count: 1;"> </span>-1.35<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2009<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>202.21<span style="mso-tab-count: 1;"> </span>-1.3<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2009<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>195.05<span style="mso-tab-count: 1;"> </span>-1.24<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2009<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>189.34<span style="mso-tab-count: 1;"> </span>-1.24<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2009<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>189.7<span style="mso-tab-count: 1;"> </span>-1.25<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2010<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>186.8<span style="mso-tab-count: 1;"> </span>-1.25<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2010<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>185.62<span style="mso-tab-count: 1;"> </span>-1.24<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2010<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>187.44<span style="mso-tab-count: 1;"> </span>-1.23<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2010<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>186.91<span style="mso-tab-count: 1;"> </span>-1.2<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>181.69<span style="mso-tab-count: 1;"> </span>-1.22<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>177.9<span style="mso-tab-count: 1;"> </span>-1.21<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>178.96<span style="mso-tab-count: 1;"> </span>-1.2<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>179.75<span style="mso-tab-count: 1;"> </span>-1.18<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>176.95<span style="mso-tab-count: 1;"> </span>-1.17<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>174.51<span style="mso-tab-count: 1;"> </span>-1.16<span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>174.74<span style="mso-tab-count: 1;"> </span>-1.16<span style="mso-spacerun: yes;"> </span>FIRST
APPRECIATION<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>175.05<span style="mso-tab-count: 1;"> </span>-1.16<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>174.99<span style="mso-tab-count: 1;"> </span>-1.17<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>174.65<span style="mso-tab-count: 1;"> </span>-1.18<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>174.32<span style="mso-tab-count: 1;"> </span>-1.21<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>172.99<span style="mso-tab-count: 1;"> </span>-1.29 - CARR VALUE
SHELF BEGINS<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>171.62<span style="mso-tab-count: 1;"> </span>-1.32<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>171.58<span style="mso-tab-count: 1;"> </span>-1.28<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>172.48<span style="mso-tab-count: 1;"> </span>-1.26<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>172.91<span style="mso-tab-count: 1;"> </span>-1.26 - 1 Year<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>175.51<span style="mso-tab-count: 1;"> </span>-1.29<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>175.92<span style="mso-tab-count: 1;"> </span>-1.3<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>175.05<span style="mso-tab-count: 1;"> </span>-1.32<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>175.8<span style="mso-tab-count: 1;"> </span>-1.36—2 Years<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>175.32<span style="mso-tab-count: 1;"> </span>-1.38<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>177.07<span style="mso-tab-count: 1;"> </span>-1.35<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>177.92<span style="mso-tab-count: 1;"> </span>-1.31<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>178.07<span style="mso-tab-count: 1;"> </span>-1.33—3 Years<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>177.08<span style="mso-tab-count: 1;"> </span>-1.5<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>177.61<span style="mso-tab-count: 1;"> </span>-1.42<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>178.64<span style="mso-tab-count: 1;"> </span>-1.43<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>180.6<span style="mso-tab-count: 1;"> </span>-1.45<span style="mso-spacerun: yes;">
</span>- 4 Years CARR VALUE SHELF <o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>181.09<span style="mso-tab-count: 1;"> </span>-1.62<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>181.32<span style="mso-tab-count: 1;"> </span>-1.49<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>184.51<span style="mso-tab-count: 1;"> </span>-1.58<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>184.75<span style="mso-tab-count: 1;"> </span>-1.65<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2019<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>186.08<span style="mso-tab-count: 1;"> </span>-1.75<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2019<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>187.88<span style="mso-tab-count: 1;"> </span>-1.56<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
SOURCE: https://www.fhfa.gov<o:p></o:p></div>
<br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-23659087353253810712019-04-11T06:21:00.005-07:002019-04-11T06:21:37.911-07:00Bond investors and David Carr have confidence in Connecticut<div class="MsoNormal" style="background-color: #fafafa; color: #333333; font-family: "Helvetica Neue Light", HelveticaNeue-Light, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px; outline: none; padding: 0px; text-align: justify;">
These excerpts from the attached 4/18/19 CT. Post article support my confidence in the multiple values of living in Connecticut- David Carr. “Bond investors overwhelmingly are making a bet on the future of Connecticut, They can read official statements and they have analysts who do that all the time but to be in a room in that setting and to kick the tires and ask questions ... you’re getting a qualitative analysis of what’s happening with the state and the leadership.” Shawn Wooden, State Treasurer said. Howard Sitzer at CreditSights, said Connecticut is moving slowly in the right direction, and that helped the recent sale. “The ‘debt diet’ Governor Lamont has proposed...may have additionally driven demand for this issue,” David M. Womack, senior vice president at Blaylock Van LLC and a co-manager of the bond issue said “ “It’s still by and large a wealthy state, it’s got good schools and it’s between Boston and New York. ... People aren’t heading for the exits.” </div>
<div class="MsoNormal" style="background-color: #fafafa; color: #333333; font-family: "Helvetica Neue Light", HelveticaNeue-Light, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px; outline: none; padding: 0px; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="background-color: #fafafa; color: #333333; font-family: "Helvetica Neue Light", HelveticaNeue-Light, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px; outline: none; padding: 0px; text-align: justify;">
<a href="https://www.ctpost.com/business/danhaar/article/Dan-Haar-Celebrating-mildly-the-right-13747517.php" style="color: #009eb8; display: inline; outline: none; text-decoration-line: none; transition: color 0.3s ease 0s;">https://www.ctpost.com/business/danhaar/article/Dan-Haar-Celebrating-mildly-the-right-13747517.php</a></div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-78698347555742350302019-03-10T04:21:00.002-07:002019-03-10T04:21:13.515-07:00An Artistic Value of Home Ownership<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAZ-O3v4-JyPHMRHOnMOiq0MZcZXWJKvBniufnhlzup1_-mZxsHMV8bPzwwUmrhGoVUDQ639ywuJvVC3Uj3bBL3mnYL0tazS3VBvWu6ALiLjJu4SoDeDzXnfUH4sue5TPLVoiXEZWiBSA/s1600/StairViews.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="960" data-original-width="622" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAZ-O3v4-JyPHMRHOnMOiq0MZcZXWJKvBniufnhlzup1_-mZxsHMV8bPzwwUmrhGoVUDQ639ywuJvVC3Uj3bBL3mnYL0tazS3VBvWu6ALiLjJu4SoDeDzXnfUH4sue5TPLVoiXEZWiBSA/s320/StairViews.jpg" width="207" /></a></div>
<div style="text-align: center;">
<span style="background-color: white; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Making your shelter a home is an Aesthetic Value of Home Ownership. Take a picture you like, get the stair riser measurements (maybe 12ft x 3ft) have the image blown up to that size, cut it into strips, apply using a smooth wallpaper adhesive, then do clear gloss or plastic to finish, MY experience is your opportunity.</span></div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-48924968376776390512019-03-07T13:19:00.000-08:002019-03-07T13:19:02.688-08:00How Can I help?<span style="background-color: #f5f8fa; color: #14171a; font-family: "Segoe UI", Arial, sans-serif; font-size: 14px; white-space: pre-wrap;">I care about your dreams and your future. What do you need most right now?
How do you feel about that? How can I help? Let's start the confidential conversation so we can identify opportunities and resources together.</span>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-57654455784862150752019-02-26T15:20:00.001-08:002019-02-26T15:23:46.916-08:00David Carr New Haven Milford Ct Metro Value Shelf Report ending 4Q2018 <br />
<div class="MsoNormal">
David Carr New Haven Milford Ct Metro Value Shelf Report
ending<span style="mso-spacerun: yes;"> </span>4Q2018<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The Federal Housing Finance Agency (FHFA) reported today,
February 26, 2019, that Connecticut posted the 2nd smallest annual appreciation
at 0.9 percent in home prices between the fourth quarters of 2017 and 2018
while values rose in all 50 states and the District of Columbia. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Multiple factors may be considered when deciding to invest
in Connecticut Real Estate in 2019, however lack of relative over-appreciation
does not seem to be a primary concern. According to the FHFA HPI Calculator
today, a $100,000 New Haven Milford Metro property purchased in 1Q2012 would be
worth $112,296 today.<span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
My home market, New Haven-Milford, CT<span style="mso-spacerun: yes;"> </span>placed in 222nd national position with a one
year appreciation of<span style="mso-spacerun: yes;"> </span>2.08%,<span style="mso-spacerun: yes;"> </span>a small decline from position 216 in 3Q2018
when the annual appreciation was reported to be 3.10%<span style="mso-spacerun: yes;"> </span>Since 2014,<span style="mso-spacerun: yes;">
</span>the “Carr New Haven Milford Metro Value Shelf©”<span style="mso-spacerun: yes;"> </span>has maintained and appreciated beyond the
original established range of 173-178 based on the<span style="mso-spacerun: yes;"> </span>FHFA All-Transactions house price index,<span style="mso-spacerun: yes;"> </span>which adds appraisal values from refinance
mortgages to the purchase-only data sample. Historical observations are
available on my platforms. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Connecticut real estate values in this sample appreciated
7.43% in the past 5 years and over 75% since 1991, yet your target market and
property preference may be different, something I am available to investigate
with you, using a variety of data tools that target where and what you are most
interested in. You may have heard “New is national, but real estate is local,”
so choosing the data configuration and unbiased source appropriate for your
unique position and goal is essential. In my experience, real estate is hyper
local, drilling down to school district and geographical boundaries, affected
by a variety of community resources and local factors. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
As we consider our Connecticut One Year House Price
Appreciation we see Bridgeport-Stamford-Norwalk up<span style="mso-spacerun: yes;"> </span>0.91% and Hartford-East Hartford-Middletown
up 0.50%<span style="mso-spacerun: yes;"> </span>in the “20 Metropolitan Areas
with Lowest Rates of Appreciation” holding national positions 235 and 239
respectively, out of a total 246.<span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The top five states in 2018 annual appreciation were: 1)
Idaho up11.9%,<span style="mso-spacerun: yes;"> </span>Nevada up 11.2%,<span style="mso-spacerun: yes;"> </span>Utah up 9.8%,<span style="mso-spacerun: yes;">
</span>Georgia up 8.2% and Arizona<span style="mso-spacerun: yes;"> </span>up
8.2% while the top five metros were Las Vegas-Henderson-Paradise, Nevada up<span style="mso-spacerun: yes;"> </span>17.63% , Boise City, Idaho<span style="mso-spacerun: yes;"> </span>up 16.65%,<span style="mso-spacerun: yes;">
</span>Idaho Falls, Idaho up 13.78%, Spokane-Spokane Valley, Washington up
13.08%<span style="mso-spacerun: yes;"> </span>and Coeur d'Alene, Idaho<span style="mso-spacerun: yes;"> </span>up 12.85%.<span style="mso-spacerun: yes;">
</span>This demonstrates a huge appreciation differential for Connecticut,
which I propose is undervalued considering deferred appreciation since 2012,
our close proximity to New York City, New England, the Long Island Sound
Shoreline, our quality of life, recreational resources, schools, health care
and a relatively hospitable climate.<span style="mso-spacerun: yes;">
</span>It’s important to remember the FHFA House Price index is constructed to
reflect the weighted average quarterly price change for the fifty states and
Washington, D.C. The weights are the estimated share of one-unit detached
housing units in the respective states.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
At the peak of Irrational Exuberance in New
Haven-Milford,<span style="mso-spacerun: yes;"> </span>house price values peaked
ending 1Q2007 at 220.41 (with a 1.46 standard error).<span style="mso-spacerun: yes;"> </span>We can observe the 2014 bottom of the Great
Recession in my Milford New Haven Metro as reflected here in the FHFA
All-Transactions Indexes, estimated using sales prices and appraisal data not
seasonally adjusted.<span style="mso-spacerun: yes;"> </span>The number in
parentheses is the standard error. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>181.66<span style="mso-tab-count: 1;"> </span>( 1.22)<span style="mso-spacerun: yes;">
</span>4Q2018 Equity Point <o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>177.88<span style="mso-tab-count: 1;"> </span>( 1.21)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>178.89<span style="mso-tab-count: 1;"> </span>( 1.20)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2011<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>179.74<span style="mso-tab-count: 1;"> </span>( 1.18)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>176.96<span style="mso-tab-count: 1;"> </span>( 1.17)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>174.5<span style="mso-tab-count: 1;"> </span>( 1.16)<span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>174.76<span style="mso-tab-count: 1;"> </span>( 1.16)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2012<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>175.05<span style="mso-tab-count: 1;"> </span>( 1.16)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>174.95<span style="mso-tab-count: 1;"> </span>( 1.17)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>174.67<span style="mso-tab-count: 1;"> </span>( 1.18)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>174.36<span style="mso-tab-count: 1;"> </span>( 1.21)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2013<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>173.04<span style="mso-tab-count: 1;"> </span>( 1.29)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>171.51<span style="mso-tab-count: 1;"> </span>( 1.33)<span style="mso-spacerun: yes;">
</span>BOTTOM<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>171.75<span style="mso-tab-count: 1;"> </span>( 1.28)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>172.44<span style="mso-tab-count: 1;"> </span>( 1.26)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2014<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>173.05<span style="mso-tab-count: 1;"> </span>( 1.26)<span style="mso-spacerun: yes;">
</span>BEGIN 173-178 SHELF<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>175.54<span style="mso-tab-count: 1;"> </span>( 1.29)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>176.04<span style="mso-tab-count: 1;"> </span>( 1.31)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>175.24<span style="mso-tab-count: 1;"> </span>( 1.33)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2015<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>175.95<span style="mso-tab-count: 1;"> </span>( 1.37)<span style="mso-spacerun: yes;">
</span>BEGIN 2nd Year<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>175.31<span style="mso-tab-count: 1;"> </span>( 1.38)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>177.17<span style="mso-tab-count: 1;"> </span>( 1.36)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>178.21<span style="mso-tab-count: 1;"> </span>( 1.31)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2016<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>178.24<span style="mso-tab-count: 1;"> </span>( 1.34)<span style="mso-spacerun: yes;">
</span>BEGIN 3rd Year<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>177.28<span style="mso-tab-count: 1;"> </span>( 1.52)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>178.03<span style="mso-tab-count: 1;"> </span>( 1.44)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>178.69<span style="mso-tab-count: 1;"> </span>( 1.44)<span style="mso-spacerun: yes;">
</span><o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2017<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>181.21<span style="mso-tab-count: 1;"> </span>( 1.47)<span style="mso-spacerun: yes;">
</span>BEGIN 4th Year and<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>1<span style="mso-tab-count: 1;"> </span>181.09<span style="mso-tab-count: 1;"> </span>( 1.65)<span style="mso-spacerun: yes;">
</span>end 173-178 SHELF<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>2<span style="mso-tab-count: 1;"> </span>182.76<span style="mso-tab-count: 1;"> </span>( 1.55)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>3<span style="mso-tab-count: 1;"> </span>184.88<span style="mso-tab-count: 1;"> </span>( 1.64)<o:p></o:p></div>
<div class="MsoNormal">
"New Haven-Milford, CT"<span style="mso-tab-count: 1;"> </span>35300<span style="mso-tab-count: 1;"> </span>2018<span style="mso-tab-count: 1;"> </span>4<span style="mso-tab-count: 1;"> </span>184.98<span style="mso-tab-count: 1;"> </span>( 1.82)<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
As we move ahead or look back, we may notice the velocity
with which values evolve. Here we see 12 quarters over 3 years with five points
appreciation forming the Carr Value Shelf©. The next 5-point appreciation
from179 -184 has been in process about half that time over 5 quarters.<span style="mso-spacerun: yes;"> </span>The last tme we saw this demonstration of
price stability with delayed appreciation was the seven-year period from
2Q1991, when this index was at 110.78 (0.75) to 4Q1998 when the index rose to
111.38 (0.72). <o:p></o:p></div>
<div class="MsoNormal">
<o:p> </o:p><o:p> </o:p> </div>
<div class="MsoNormal">
As a licensed real esate professional since 1997, I find it
interesting to consider when there is a point of stability compared to a rising
value environment.<span style="mso-spacerun: yes;"> </span>It’s unique that real
estate is controlled with dedicated shelter money in a leveraged transaction
that may have tax benefits, so one can either pay rent or a mortgage.<span style="mso-spacerun: yes;"> </span>It seems to me there is a definite amount of
inventory in New Haven-Milford, CT that has maintained value since the 181.66
(1.22) equity point established in 1Q2011, and before<span style="mso-spacerun: yes;"> </span>3Q2004 when the FHFA HPI was 186.34 (1.21). <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Moving ahead, this is a reasonable data set to consider when
weighing 30 year interest rates in 5% in a non-inflationary environment. When I
wrote #HomeOwnershipBuildsWealth©<span style="mso-spacerun: yes;"> </span>an
example was presented comparing renting to buying over 30 years. This study
concluded in the 31st year the tenant would be signing a new lease while the
homeowner who bought the $275,000 property would probably have an asset worth
over $550,000 when projecting 100% appreciation over 30 years.<span style="mso-spacerun: yes;"> </span>I hope you have found this interesting and
helpful. It seems to me that Connecticut is a superior location to New York or
New Jersey for a variety of reasons including schools, density and quality of
life. I look forward to working together to help you make the right move when
the time is right for you. I am proud to be the foundation of your success in
real estate since 1996. This work is my own reflection of FHFA public data,
presented in the public interest. I am happy to explore any ideas you may have.
My work and the referenced data sets are Copyright©2/26/19. All Rights
Reserved. Follow me on Twitter @ ctrealdavecarr. See on on YouTube at David
Carr Milford New Haven Real Estate.<o:p></o:p></div>
<br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-76870229129910166202019-02-12T15:28:00.001-08:002019-02-12T15:28:40.293-08:00Nine Signs Now is the Right Time to become a Homeowner, By David Carr; CT-REALTOR Est.1996<div class="post_content clearfix" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; background-color: #fafafa; border: 0px; box-sizing: border-box; clear: both; color: #333333; font-family: "Helvetica Neue", HelveticaNeue, Helvetica, Arial, sans-serif; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; outline: none 0px; padding: 0px; text-align: justify; vertical-align: baseline; zoom: 1;">
<div class="post_content_inner clearfix" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none 0px; padding: 0px; vertical-align: baseline; zoom: 1;">
<div class="post_container" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
<div class="post_title" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: Gibson, "Helvetica Neue", HelveticaNeue, Helvetica, Arial, sans-serif; font-size: 36px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 47px; margin: 0px 0px 10px; outline: none 0px; padding: 0px 20px; vertical-align: baseline;">
Nine Signs Now is the Right Time to become a Homeowner, By David Carr; CT-REALTOR Est.1996</div>
<div class="post_body" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 21px; margin: 0px; outline: none 0px; overflow: hidden; padding: 0px 20px; position: relative; vertical-align: baseline; width: 540px;">
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px 0px 15px; outline: none 0px; padding: 0px; vertical-align: baseline;">
1) You have established a Career and/or Consistent Verifiable Income History.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
2) Your Debt to Income Ratio (which is your loan/revolving credit monthly minimums not counting rent) is under 35%.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
3) Your credit report demonstrates accountability and responsibility.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
4) You have some savings to provide a safety net, or pay closing costs. Some loans allow 100% down with 3-5% added for closing costs (You get an escrow savings account of six months taxes as part of your closing costs). I can show you how to shop Loan Costs, possibly saving thousands of dollars.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
5) You like the community you live in and want to make a commitment to have a life here. Living is more than having a place to sleep and store your stuff, it’s about making a place your own, making memories staging the theatre of your life. You will get to know people are in it for the long haul, committed to making their corner of the world better for themselves, their neighbors and their family.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
6) You recognize #HomeOwnershipBuildsWealth. You understand after 30 years of paying rent you will have nothing to show for that money. Using that same monthly shelter money to leverage a real property purchase is an investment that can deliver the Multiple Values of Home Ownership, and give you something you own, can sell or leverage in the 30th year or before.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
7) Your housing market is comparably or undervalued. By discerning a menu of static variables, we can evaluate historical appreciation and comparable market values.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
8) You want creative license to live life on your terms, not the next wall or downstairs neighbor’s. As a homeowner you will decide how your home looks and feels.</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px; outline: none 0px; padding: 0px; vertical-align: baseline;">
9) You enjoy learning and trying new things. You new home has a range of systems and elements you can maintain and improve. From painting to floor covering, interior decorating to landscaping, gardening to pet care, you new home will be all yours to learn about, care for, and enjoy. Personally, I have relished the opportunity to become a good tile setter, painter, vegetable farmer, woodworker, plumber, and landscaper. There is a lot to be said for the satisfaction that comes from the successful completion of a home project</div>
<div style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 15px 0px 0px; min-height: 1px; outline: none 0px; padding: 0px; vertical-align: baseline;">
Copyright©2019 by David Carr. All Rights reserved.</div>
</div>
</div>
</div>
</div>
<div class="source-clear" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; background-color: #fafafa; border: 0px; box-sizing: border-box; clear: both; color: #333333; font-family: "Helvetica Neue", HelveticaNeue, Helvetica, Arial, sans-serif; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; outline: none 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
</div>
<div class="post_tags fadeable fadeable-source" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; background-attachment: inherit; background-clip: inherit; background-color: white; background-image: inherit; background-origin: inherit; background-position: inherit; background-repeat: inherit; background-size: inherit; border: 0px; box-sizing: border-box; color: rgba(0, 0, 0, 0.65); font-family: "Helvetica Neue", HelveticaNeue, Helvetica, Arial, sans-serif; font-size: 14px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 20px; margin: 10px 0px 0px; max-height: 81px; outline: none 0px; overflow: hidden; padding: 0px 20px; position: relative; text-align: justify; vertical-align: baseline;">
<div class="post_tags_inner" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; float: left; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none 0px; padding: 0px; position: relative; vertical-align: baseline;">
<a class="post_tag " href="https://www.tumblr.com/tagged/davidcarrrealestate-ctrealdavecarr-connecticut-CTReal-Estate-NewHavenCt%C2%A0-MilfodCT-goodtoknow" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: transparent; border: 0px; box-sizing: border-box; color: rgba(0, 0, 0, 0.65); display: inline-block; font-family: inherit; font-size: 13px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none 0px; padding: 0px; text-decoration-line: none; transition: color 0.3s ease 0s; vertical-align: bottom;" target="_blank">#davidcarrrealestate ctrealdavecarr connecticut CTReal Estate NewHavenCt MilfodCT goodtokno</a></div>
</div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-14403648119696829892019-01-12T08:37:00.000-08:002019-01-12T08:37:20.260-08:00Greater New Haven Milford Metro CT Third Quarter 2018 Real Estate Market Report <br />
<h4>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><span style="background-color: white; color: #1d2129; font-size: 14px;">55 Slides to consider our Third Quarter 2018 Local Real Estate Market. Be an expert in your market by teaming with Dave "The Foundation of Your Success in Real Estate, Here When the Time is Right for You Since 1996(c)"</span></span></h4>
<a href="https://www.blogger.com/%C2%A0https://www.youtube.com/watch?v=7R1aJGsjrTQ" target="_blank"><span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"> </span><span style="color: #365899; font-family: "helvetica" , "arial" , sans-serif;"><span style="background-color: white; cursor: pointer; font-size: 14px;">https://www.youtube.com/watch?v=7R1aJGsjrTQ</span></span></a><br />
<br />
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;">12/17/18 – The Milford – New Haven Metro Carr House Price Value Shelf (FHFA HPI 171-178
since 2Q2012) presented improvement ending September 30, 2018 with an increase of 2.07
to 184.00 (from the 182.92 which
ended 2Q2018). Most Single Family properties acquired before 3Q2004 (186.33)
and after 1Q2011 (181.66) are worth more today. <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;">Some
properties purchased in the final stages of the irrational exuberance may have
been mortgaged with creative lending to some underqualified buyers. Some of
these have been resolved through default, while others have been refinanced or
had loan modifications.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"> As we
look back on the Irrational Exuberance of house price values, we see the only property still technically
underwater was purchased approaching the 2007 peak after 3Q2004 (186.33), before 1Q2011 (181.66) and the 2012 low. Some of these transactions involved
"creative, no documentation financing" with multiple loan instruments
and ARMs. A wise home buyer recognizes the fixed cost of housing, then seeks to
leverage this cost to their unique life/work situation using fixed rate loan
products.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;">My YouTube <b><u>(David Carr Milford New Haven CT Real
Estate Expert)</u></b> information sources are retrieved from public databases
referenced on each slide. While I do not know what the future holds, I believe
that living in Connecticut will be a good value for multiple quality of life
reasons, as well as proximity to New York City, and the deferred appreciation
in comparison to National Indices. Three
of four Connecticut Metros are ranked in the national bottom twenty (224-243) one year appreciation ending 3Q2018, while
only Milford-New Haven has risen from that ranking to 216 in recent months.
This is an interesting situation, considering possible overvaluation in the top
twenty or more markets as presented today, with New Haven- Milford presenting a
5 year appreciation of only 6.06%. </span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;">I am
optimistic about the economic opportunity and quality of life directly
supported by Metro North Commuter rail and our Wonderful Shoreline.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;">Since
1996 am proud to be “ The Foundation of
Your Success in real Estate.” I will continue to be “Here when the time is
right for you to buy, sell, learn or invest”<o:p></o:p></span></div>
<br />
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 14.0pt; line-height: 107%;"> Copyright©12/17/2018 David Carr.
All Rights Reserved<o:p></o:p></span></div>
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><br /></span>
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><br /></span>
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;"><br /></span>
<span style="background-color: white; color: #1d2129; font-family: "helvetica" , "arial" , sans-serif; font-size: 14px;">Greater New Haven Milford Metro CT Third Quarter Real Estate Market Report </span>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-13501771247264544582018-10-24T05:10:00.000-07:002018-10-24T05:11:51.632-07:00Real Estate Professionals Climate Lobby<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<h3 style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 18.73px; font-style: normal; font-variant: normal; font-weight: 700; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
Many Real Estate Professionals embrace a Code of Ethics that directs us to remember “Under all is the land. Upon its wise
utilization and widely allocated ownership depend the survival and growth of
free institutions and of our civilization. REALTORS® should recognize that the
interests of the nation and its citizens require the highest and best use of
the land and the widest distribution of land ownership. They require the
creation of adequate housing, the building of functioning cities, the
development of productive industries and farms, and the preservation of a
healthful environment. Such interests impose obligations beyond those of
ordinary commerce. They impose grave social responsibility and a patriotic duty
to which REALTORS® should dedicate themselves, and for which they should be
diligent in preparing themselves. REALTORS®, therefore, are zealous to maintain
and improve the standards of their calling and share with their fellow
REALTORS® a common responsibility for its integrity and honor.”</h3>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"></span><b></b><b></b><b></b><b></b><b></b><b></b><b></b><b></b><b></b><b></b><b></b><b></b><b></b><br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">How do we honor
this obligation to the highest and best use of the land, functioning cities,
productive industries, farms, free institutions, and the preservation of a
healthful environment? It seems to me that Real Estate Professionals</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> are expected to stand with the environment, advocating conservation,
efficiency, and sustainability while opposing activities that will damage our civilization
and the livelihood of future generations who will live here. </span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">We, as Real Estate professionals</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">, have created REPAC one of the largest political action
groups in the nation.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">We, as Real Estate professionals,<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span></span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> have direct knowledge of the environment in which we do
business, because we are out there with our clients, inspecting the land. </span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>We, as Real Estate professionals</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">, have access to the best technology
and communication systems because that’s what we do as transactional agents.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">We, as Real Estate professionals,<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span></span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">care about our communities and the people who live and work
here, now and in the future. </span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">We, as Real Estate professionals, </span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">believe in doing well by doing good.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Therefore, I
propose Real Estate Professionals<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span></span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> support the Real Estate Professionals<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span></span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Climate Lobby,<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>a
developing organization which will endorse wise use of
our land and resources. The Real Estate Professionals</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> Climate Lobby will identify factual,
non- partisan solutions to climate change that will provide measurable results
in the next 20 years. One solution that </span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Real Estate Professionals<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span>can support is a National Carbon Fee
and Dividend (CF&D) which would place a predictable, steadily rising price
on carbon, with all fees collected, minus transparent administrative costs,
returned to households as a monthly energy dividend. In just 20 years, studies
show, such a system could reduce carbon emissions to 50% of 1990 levels while
adding 2.8 million jobs to the American economy.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Industries must
stop damaging the earth and people with harmful chemicals or airborne
pollutants. Cities like Norfolk, New York and Miami will not function if they
flood. A healthful environment is sustainable in perpetuity, not threatened by
environmental catastrophe, chemical contamination or physical collapse. The
highest and best use of the land includes conservation and wise use to provide
stewardship of these resources for those who will live in the future with
knowledge and experience that does not exist in 2018.<span style="font-size: small;"> </span><br />
<span style="font-size: small;"><br /></span>
</span></div>
<div style="margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">High efficiency conservation and clean
energy generation make real property more valuable while creating no barriers
to property transfer. A highly efficient, unencumbered solar system, properly
adjusted for value at time of sale, can be an asset to an environmentally conscious
homebuyer. The cost benefit of efficiency and conservation eliminates the need
for mandated improvements.</span></span></div>
</div>
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>Nobody but industry knew lead paint was bad
for children in the 1930-1960s. Cigarettes did not have health warnings until
1965, the warning was not conclusive until 1969, and did not specify Lung
Cancer, Heart Disease, Emphysema, Carbon Monoxide, Fetal Injury, Premature
Birth, and Low Birth Weight until 1984.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span></span></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Congress and
the EPA did not reduce lead to current levels until 2008 despite over 6,000
scientific studies. Lead was not banned from paint until 1978. The chemical
industry rejected scientific evidence on lead in the 1930’s, blaming families
for allowing children to eat the paint chips, claiming the children were
“sub-normal to start with.”<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>Lead was
pumped into the air through gasoline emissions until 1995. These problems were
maintained at the expense of children who would grow up in a knowingly
hazardous future. </span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>When we learn forests are the key to removing
carbon, and carbon is causing the oceans to warm and acidify, which increases
severe weather, what will the value of a forest then be? Could a forest or
river be a more valuable resource than a development? It’s hard to imagine
right now, and easier to ignore. We have seen massive forests destroyed to grow
food while new technology has multiplied the crop yield efficiency of an acre
beyond traditional row farming. Severe weather has made some farms nothing but
dustbowls, turning rivers into raging floods, or mud. The jet stream has been
increasingly disturbed, changing ocean and wind currents, contributing to
severe weather. Will ocean warmth and acidity threaten 70 % of the oxygen in
the atmosphere which is manufactured by single celled marine plants named
photosynthetic algae? Can we afford to gamble with that tipping point? I think
not.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">I wonder
what the babies born today will be thinking when they are 50 years old in 2068,
if their drinking waters are polluted and their air is so loaded with carbon
that cloudy days and heat advisories are the norm. The Mauna Loa atmospheric
carbon level went over 410ppm in 2018 which is 17% or 60ppm above the
scientific safe level of 350ppm.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
</span>Extreme weather ravages every part of our world this year as
temperatures soar or sink due to atmospheric change. We cannot anticipate the
world we live in today will exist the same in their future. Our stewardship, or
lack of it will be remembered in history.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
</span>When animals are extinct, the oceans are higher, and everything else
that results from exploitation instead of stewardship for our posterity has
become a reality, those who live in that future will wonder what we were
thinking.</span></div>
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><br /></span>
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
</span></div>
<div style="margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">The 2017 NAR Property Rights and Environment
Committee recommended a commitment to principles of sustainability and energy
conservation which will preserve our environment and nation as a vibrant,
healthy prosperous place to live and work, endorsing programs and policies that
promote environmental resiliency while educating Real Estate Professionals<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span>and the public about voluntary, market-based solutions that reduce
greenhouse gases and conserve energy, including expedited permitting and tax benefits. <span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span></span></div>
</div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">It seems to
me, as a Real Estate Professional, </span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">my industry is uniquely positioned
to advocate for the future. To lobby for the earth means only that once you
accept this reality, <span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>you dedicate
moments to signing and mailing letters to elected representatives who vote
against decarbonization of the Earth's atmosphere. Maybe you would travel to another place where
people do not understand the scientific reality of our planet and talk about
this. Maybe you just send an email, text or make a phone call for with your
family once a week. Maybe you will make a video, or visit an elected official
at a town meeting. Maye you will commit to learning about environmental science
from organizations like the Union of Concerned Scientists of the USA or Yale
Climate 360.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>I have decided follow a
path of stewardship by supporting families born today who will live in a world
I will not see unless I am 118 years old. Please join me.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">The
important thing is, that in our hearts, we commit to protecting the Earth where
we will not live, because it is the place our grandchildren will live and
remember us.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>Imagine the good works you
could do and how your good works will be multiplied by your commitment to doing
well by doing good. </span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">I watch
wildfires burn the west of my country, while superstorms destroy the east. Extreme
weather threatens land, functioning cities and healthful environments
everywhere on Earth. A continual hum of climate change, rising carbon levels in
the atmosphere, melting glaciers, wildlife degradation and floods stream across
national newspapers.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>I have come to
accept my responsibility reaches beyond my next closing, consultation, property
identification or marketing plan. As Real Estate Professionals</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">, we can no longer stand in silence
as the very basis of our industry, the land and environment, is threatened. The
most recent United Nation’s Intergovernmental Panel on Climate Change (IPCC),
released in Korea on October 8, 2018 includes more than 6,000 scientific
references which can be summarized in just few sentences with terrible
implications for our future by 2040. </span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">When I established my real estate business i</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">n 1996, my plan was to help other
people, practicing skills based on confidence, personal integrity, empathy, transparency,
comparable property analysis, investment opportunity, community knowledge, education,
property functionality, financial planning and transaction management.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>My business has been refined and succeeded
with hands on experience, earned trust and continued education that directly
improves the quality of life of those to whom I give my services. My goal was
never to convince people to do something that would benefit me before them, but
to give a service that is multifaceted, interpretative, highly personal, extremely
confidential and unique to each person.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
</span>In 2018 I have come to appreciate that my Code of Ethics reaches beyond
fiduciary, legal and transactional responsibilities.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>As a REALTOR</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">®</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> my obligation is to transparency and
integrity supporting my clients, our civilization and the preservation of a
healthful environment.</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Sincerely,</span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<br /></div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">David Carr,
MA, PSCS.<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>Member GNHAR since 1996</span><span style="line-height: 17.33px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> T - @ctrealtordcarr</span></span></div>
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 10.66px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font-size: small;"></span> </span>Copyright</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">©</span><span style="font-size: 18.66px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">2018 <span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"> </span>David Carr, REALTOR<span style="background-color: transparent; color: black; font-family: "times new roman"; font-size: 18.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">®</span> , All Rights
reserved.</span></div>
</div>
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike><br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-38914142209670610072018-03-07T18:18:00.002-08:002018-03-07T18:21:12.749-08:00Greater New Haven House Price Index continues growth and stability3/03/2018 (CT) Milford New Haven CT "Carr Value Shelf" (FHFA HPI 173-178 since 2Q2012) indicated a value breakout for the 3nd time since 2016Q4, finishing 20174Q at 182.14 ( up from 180.32) . documenting 5 3/4 years house price stability since Sept 2012. Your property purchased after 2013 would have maintained or increased in House Price Index value, as would have any property purchased before 2004Q3. <span style="font-family: Times, "Times New Roman", serif;"><span style="-webkit-text-stroke-width: 0px; background-color: transparent; color: rgba(51, 51, 51, 1); display: inline !important; float: none; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; orphans: 2; text-align: justify; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">David Carr</span><span style="-webkit-text-stroke-width: 0px; background-color: transparent; color: rgba(51, 51, 51, 1); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 0px; orphans: 2; text-align: justify; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> </span><span style="-webkit-text-stroke-width: 0px; background-color: transparent; color: rgba(51, 51, 51, 1); display: inline !important; float: none; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 20px; orphans: 2; text-align: justify; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">The foundation of your success in real estate,
here when the time is right for you©</span></span>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-25851636903250543612018-03-07T18:13:00.003-08:002018-03-07T18:15:39.496-08:00US Senate may loosen banking rules soon<br />
<div style="margin: 0px 0px 10.66px;">
<span style="font-size: 14pt; line-height: 107%; margin: 0px;">The US
Senate began debate March 7, 2018 <span style="margin: 0px;"> </span>to
loosen banking rules implemented following <span style="margin: 0px;"> </span>the 2007-2009 financial crisis, marking a significant
breakout in the long-running debate over regulation compared to consumer
protection. Proposals include relaxing restriction on bank owned hedge funds,
reducing holding capitol in time of crisis, and reducing oversight on banks
under $250B. This may loosen credit restrictions, increase the buyer pool, and
hypothetically increase demand for housing. David Carr<span style="margin: 0px;"> </span>The foundation of your success in real estate,
here when the time is right for you©</span></div>
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-72277011527425856552018-02-02T12:24:00.001-08:002018-02-02T12:24:57.725-08:00February 2018 Mortgage Minute<div data-block="true" data-editor="dvo2" data-offset-key="f0cfo-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="f0cfo-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="f0cfo-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">February 2018 continues to a good time to get off the fence as a home-buyer since rates in general are still historically low, which generally means under 7%. </span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="dgnng-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="dgnng-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="dgnng-0-0" style="font-family: Helvetica,Arial,sans-serif;"><br data-text="true" style="font-family: Helvetica,Arial,sans-serif;" /></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="5g3cq-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="5g3cq-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="5g3cq-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">When you bring your pre-approval from another lender to Kevin, my Milford office in house Loan officer, he will get you a $100 gift card just for giving us a chance to do business.</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="cv4i2-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="cv4i2-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="cv4i2-0-0" style="font-family: Helvetica,Arial,sans-serif;"><br data-text="true" style="font-family: Helvetica,Arial,sans-serif;" /></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="8asnk-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="8asnk-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="8asnk-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">Remember, the Consumer Financial Protection Bureau website shows you mortgage credit pulls within a 45 day period are treated as one inquiry to allow and encourage consumers to shop for the best available mortgage rates. This should be done after you go into contract. </span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="fcpfg-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="fcpfg-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="fcpfg-0-0" style="font-family: Helvetica,Arial,sans-serif;"><br data-text="true" style="font-family: Helvetica,Arial,sans-serif;" /></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="e8pcj-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="e8pcj-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="e8pcj-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">This week Home Services Lending offered these rates with APR based on your qualifications.</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="fbu6b-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="fbu6b-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="fbu6b-0-0" style="font-family: Helvetica,Arial,sans-serif;"><br data-text="true" style="font-family: Helvetica,Arial,sans-serif;" /></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="cmlfp-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="cmlfp-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="cmlfp-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">Conv 30 Year Fixed (5% Down) = 4.50%</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="6odkr-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="6odkr-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="6odkr-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">Conv 15 Year Fixed (5% Down) = 4.125%</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="fetlu-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="fetlu-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="fetlu-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">FHA 30 Year Fixed (3.5% Down) = 4.50%</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="9gefu-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="9gefu-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="9gefu-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">USDA 30 Year Fixed (0% Down) = 4.25%</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="1hio4-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="1hio4-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="1hio4-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">CHFA Conv (1 point) = 3.875%</span></span></div>
</div>
<div data-block="true" data-editor="dvo2" data-offset-key="4v6a2-0-0" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1d2129; font-family: Helvetica,Arial,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; word-spacing: 0px;">
<div class="_1mf _1mj" data-offset-key="4v6a2-0-0" style="direction: ltr; font-family: Helvetica,Arial,sans-serif; position: relative; text-align: left; white-space: pre-wrap;">
<span data-offset-key="4v6a2-0-0" style="font-family: Helvetica,Arial,sans-serif;"><span data-text="true" style="font-family: Helvetica,Arial,sans-serif;">CHFA Conv (0 Points) = 4.25%</span></span></div>
</div>
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike><br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-44175065046365142782017-12-09T16:02:00.001-08:002017-12-09T16:04:24.774-08:00More homes sold with Higher Values in New Haven County<br />
In New Haven County Connecticut, 658 homes sold in October 2017, compared to 650 during the same month in 2016, an increase of 1 percent. The median (not average) home price was $220,300, vs. $217,475 in October 2016, according The Warren Group, a Boston publisher.<br />
<b><br /></b>
To learn about what is happening in your neighborhood or feature specific market, give David Carr a call at 203-877-2704 x 400826 . Here for you when the time is right since 1996, the foundation of your success in real estate. <b></b><i></i><u></u><sub></sub><sup></sup><strike></strike>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-66172019021124199232017-11-03T06:13:00.001-07:002017-11-03T06:23:55.526-07:00#HomeOwnershipBuildsWealth<div style="margin: 0px;">
#HomeOwnershipBuildsWealth</div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
The family home is a real estate, not an ATM from which to withdraw equity. A HELOC<span style="margin: 0px;"> </span>is not an investment strategy any more than paying full boat for life insurance and borrowing your cash back at the current rate. A good investment is paying off a substantial debt so you can free up cash flow for future investments. </div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
One additional principal only (not escrow or PMI) payment each year will reduce your 30 year mortgage to about 23 years (saving up to $56,000 at 6.5%). Two additional principle only payments will drop your 30-year mortgage to about 17 years, while making twelve extra principle payments will allow you to pay off a 30 year mortgage in 10 years! Your lender likes you to pay mostly interest on the whole loan at the beginning, not equally through the term because of how your ratios are amortized, so the wise person adds an extra principle payment or two per year to reduce the loan term.<span style="margin: 0px;"> </span>PMI and interest payments may be changed by your lender, however the wise borrower uses their freedom to make prepayments, since debtors pay interest on what they owe every month. <span style="margin: 0px;"> </span></div>
<div style="margin: 0px;">
<span style="margin: 0px;"><br /></span></div>
<div style="margin: 0px;">
<span style="margin: 0px;"></span>While home improvement contractors and town assessors like you to make big investments in renovations, your wise financial planning self likes debt resolution and income creation through designated asset allocation. Perceived benefits of debt with a low (<5%) mortgage rate are: 1) the fact money gets easier to earn in the future due to inflation, 2)the interest expenses tax write off may be valuable, and c), you might more money investing those 2 payments a year somewhere else. </div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
I have learned a lot since 1996 as a licensed real estate agent in Connecticut, and enjoy discussing options of wise planning, when buying, selling or investing real estates. As a Connecticut Fidicuary REALTOR since 1996 I advise you to complete due diligence with your fiduciary accountant or financial planner as well. <span style="margin: 0px;">©</span>David Carr 11.3.17 All Rights Reserved 203-877-2704 x 400826<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike></div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-74332131496509271162017-10-26T07:25:00.001-07:002017-10-26T07:32:28.510-07:00New-Haven-Hartford-Springfield-commuter-train-coming-soon<h3>
CT Rail New Haven Hartford Line Proposed Fares for Rail Service Announced</h3>
CT Rail New Haven Hartford Line Proposed Fares Announced<br />
<br />
<div class="post-body entry-content" id="post-body-7433213149650927116" itemprop="description articleBody">
On Monday, October 23, 2017, the <a href="http://www.ct.gov/dot/cwp/view.asp?a=1386&Q=592852" target="_blank"><span style="color: #3778cd;">Connecticut Department of Transportation (CTDOT</span></a>) announced a 35-day comment period on the <a href="http://www.nhhsrail.com/" target="_blank"><span style="color: #3778cd;">New Haven to Hartford, Hartford to Springfield Train Line</span></a>. The CTDOT is providing a variety of ways to submit comments on the proposed fares ($6.25 from New Haven to Springfield with senior/disabled discounts).<br />
<br />
<a href="http://www.nhhsrail.com/info_center/improvements_map.aspx" target="_blank"><span style="color: #3778cd;">Look at the stops along the corridor here</span></a><u>.</u><br />
<br />
Both <a href="http://www.nhhsrail.com/" target="_blank"><span style="color: #3778cd;">CT<em><strong>rail</strong></em><em> -</em> Line</span></a> and Amtrak trains will serve the 6-17 roundtrips along the New Haven-Hartford corridor, and up to seven from Hartford to Springfield. The SAFE Analysis and proposed fares do not apply to Amtrak service on this 81 minute train trip that will travel up to 110 mph.<br />
<br />
New Haven continues to gain traction as a regional hub of economic and transportation resources, making now a good time to become and expert in your market. <a href="https://davidcarr.bhhsneproperties.com/" target="_blank"><span style="color: #3778cd;"> David Carr, Licensed REALTOR since 1996.</span></a> The foundation of your success in real estate, here when the time is right for you. <b></b><i></i><u></u><sub></sub><sup></sup><strike></strike></div>
David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-66925077685411223492017-10-21T06:36:00.002-07:002017-11-08T07:24:25.010-08:00 The best financing options may be overlooked...... <br />
<div style="margin: 0px 0px 11px;">
<b style="mso-bidi-font-weight: normal;"><span style="font-size: 16pt; line-height: 107%; margin: 0px;">When you are getting ready to buy a
home and deciding what your monthly payment will be, the best financing options
may be overlooked in the excitement of touring homes and neighborhoods.</span></b></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-size: 14pt; line-height: 107%; margin: 0px;">The Connecticut
Housing Finance Authority provides some of the most competitive home ownership
opportunities in the state for individuals who make less than $89,000 per year and
want to buy homes under $281,000. In target cities like New Haven, house prices
and incomes go up, as in Fairfield County</span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-size: 14pt; line-height: 107%; margin: 0px;">As your
exclusive Fiduciary Buyer Representative, I will help you understand options
that will save you money every day. </span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-size: 12pt; line-height: 107%; margin: 0px;">Remember, if
you spend $4000 extra on origination fees of a thirty year 4% fixed rate mortgage,
you will pay around $160 extra interest per year to borrow those higher fees. Multiply
that by 10 or twenty years, and you see how much the right decisions are worth.</span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-size: 14pt; line-height: 107%; margin: 0px;">Saving a
half, or a whole percent can change your costs on a $200,000 mortgage
$500-$1000 per year, enough to make extra principle prepayments, or have some
extra cash on hand for steak and lobsters.</span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-size: 12pt; line-height: 107%; margin: 0px;">If you skip
the lobster and steaks, choosing an extra principle (no extra interest) payment
per year, you can pay your 30 year mortgage down in about 23 years. Make two
extra principle payments per year and pay off in about 17 years. If you double
your principle only payments you can pay off a 30 year mortgage in about 10
years! You have to decide if that cash is best invested paying off this debt, investing
in a higher yield investment, or just having more steak and lobster parties.</span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-size: 14pt; line-height: 107%; margin: 0px;">Since 1996 I
have maintained my commitment to helping my clients build wealth with the
leveraged power of home ownership, delivering “the Foundation of Your Success
in Real Estate” since 1996 </span></div>
<br />
<div style="margin: 0px 0px 11px;">
<br /></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-family: "calibri";">Sincerely,</span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-family: "calibri";">David Carr<span style="margin: 0px;"> </span>Berkshire
Hathaway Home Services New England</span></div>
<br />
<div style="margin: 0px 0px 11px;">
<span style="font-family: "calibri";">203-877-2704 Extension 400826<span style="margin: 0px;"> </span>“On the Green” in
Milford Connecticut</span></div>
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike><span style="font-family: "calibri";"></span>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-40105011272486952202017-10-04T08:36:00.000-07:002017-10-04T08:44:05.888-07:00CT now ranked 32 in 2016, moving up 7 in national Economic Indexes10/4/17 (CT) Connecticut ranked 32nd out of the 50 states and the District of Columbia (DC) in the State Economic Indexes (SEI) in 2016, moving up from the 39th position in 2015. In fact, last year's overall economic performance was the best in terms of the ranking in six years. Colorado, once again, ranked first in the nation with the highest index last year (145.3), while Wyoming came in last (102.6). Our state's index of 120.5 was close, but below the nationwide median value of 124.5. <br />
<br />
<a href="https://www.blogger.com/SOURCE%20https://www1.ctdol.state.ct.us/lmi/digest/pdfs/cedoct17.pdf" target="_blank">SOURCE</a><br />
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike><a href="https://www.blogger.com/SOURCE%20https://www1.ctdol.state.ct.us/lmi/digest/pdfs/cedoct17.pdf" target="_blank">https://www1.ctdol.state.ct.us/lmi/digest/pdfs/cedoct17.pdf</a><br />
<br />
Connecticut real estate remains under valued, with lower taxes than New York and New Jersey, supported by excellent quality of life factors. Since 1996 REALTOR David Carr, M.A. has guided buyers and sellers of real property through the course of transaction management, providing patience, active listening, expertise, perspective, comparable market analysis as a licensed fiduciary agent. Enjoy the less than two hours Metro North ride to Grand Central Station when you move to my shoreline neighborhood.<br />
<br />
Buyers may qualify for 105% financing on owner occupied properties up to $676,000 in targeted areas of Connecticut with buyer income up to $153,000, paying as little as 3.25% for a 30 year fixed mortgage. Now is a good time to call 203-877-2704 ext 400826, or find me online as <a href="http://ahomeforme.com/" target="_blank">David Carr Connecticut Real Estate</a>David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0tag:blogger.com,1999:blog-1146067781879965121.post-34046554379329278282017-09-27T03:31:00.001-07:002017-09-27T03:31:12.923-07:00Connecticut 4th Best State for Teachers to Work9/27/17 (CT) - Connecticut placed in the top four when WalletHub’s analysts compared the 50 states and the District of Columbia based on 21 key indicators of teacher-friendliness. Our data set ranges from teachers’ income growth potential to pupil-teacher ratio to teacher safety. <a href="https://wallethub.com/edu/best-and-worst-states-for-teachers/7159/" target="_blank">Read on for our findings, expert insight from a panel of researchers and a full description of our methodology</a>. <br />
<br />
Connecticut continues to place high in quality of life rankings, which is why people see the value of living here. Climate, recreation, health, access to so much within 150 miles, and a beautiful shoreline served by Metro North Commuter Rail, placing Grand Central Station less than 2 hours from New Haven. <br />
<br />
Learn why you might find value living in the state of steady habits when you team with David Carr, your licensed real estate fiduciary since 1996. Call 203-877-2704 Extension 800426 to have a conversation, or find me online as David Carr Connecticut Real estate <br />
<br />
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike>#Connecticut 4th Best State for Teachers to Work<br />
#David Carr Realtor Since 1996<br />
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike><br />David-Carr- Southern Connecticut Real Estate Market News and Opinion. The Foundation of Success Since 1996http://www.blogger.com/profile/16195204660133834062noreply@blogger.com0