The Myths About Buying a Bank-Owned Home REO homes, also known as foreclosures or bank-owned homes, are properties that the bank has taken reposession of. Repossession happens when a previous owner cannot make their mortgage payments, and the lender eventually takes ownership of the property. There are many misconceptions about purchasing a bank-owned property. We asked the REO experts at Calcagni Real...
You Ask, We Answer: Is Housing Demand Going to Slow Down Soon? It seems that for the past several years, housing demand in Connecticut has been a hot topic of conversation. Whether you’ve bought a house, sold one, or have just been curious about where the housing market stands–and where it’s headed–Calcagni Real Estate has pertinent information to share with you. Read on for more of what our...
Some good news on the local real estate front... According to the Warren Group, “A total of 2,356 single-family homes sold in May, up from 2,290 the same month a year ago. This is the highest number of transactions recorded for the month since May 2010 when there were 2,516 sales. This is also the first time since January that sales volume increased year-over-year.” (Image courtesy of the Warren...
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