Category: Hamden Real Estate (72)

The Conference Board Consumer Confidence Index®, which had declined in June, improved slightly in July. The Index now stands at 65.9 (1985=100), up from 62.7 in June. The Expectations Index improved to 79.1 from 73.4. The Present Situation Index, however, decreased slightly to 46.2 from 46.6 a month ago.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was July 19.

Consumers’ appraisal of current conditions eased in July. Those claiming business conditions are “good” declined to 13.8 percent from 14.2 percent, while those saying business conditions are “bad” decreased to 34.2 percent from 35.9 percent. Consumers’ assessment of the labor market was also mixed. Those stating jobs are “hard to get” declined to 40.8 percent from 41.2 percent, while those claiming jobs are “plentiful” decreased to 7.8 percent from 8.3 percent.

On the other hand, consumers were generally more optimistic about the short-term outlook in July. The percentage of consumers expecting business conditions to improve over the next six months rose to 18.9 percent from 16.0 percent, while those anticipating business conditions will worsen decreased to 14.6 percent from 15.8 percent. Consumers’ outlook for the labor market was also more upbeat in July. Those expecting more jobs in the months ahead increased to 17.6 percent from 14.8 percent, while those anticipating fewer jobs edged down to 20.3 percent from 20.8 percent. The proportion of consumers expecting an increase in their incomes, however, declined to 14.2 percent from 15.3 percent.

Source: The Conference Board

Last night’s HGTV’s House Hunters episode, featuring our Realtor Daniela Volo, was awesome! Daniela did a great job and made all of us at Calcagni Associates Real Estate proud! —What was your favorite part of the episode? 

~   Ours was guessing which house our clients were going to choose!  (we also must admit that seeing our Wallingford office’s conference room on national TV was kinda cool too! 😉 )

 

Some local stats on housing permits, in today’s New Haven Register: “The number of housing permits issued in Connecticut in May rose nearly 56 percent compared to the same period in 2011, even as year-to-date numbers increased by almost 53 percent compared to the first five months of 2011…Wallingford officials have issued 20 housing permits through the end of May this year, including five last month alone.”

Click the link below to read full article:

 
For more info on the local housing market in your town in Central CT and surrounding areas, contact one of our sales professionals at www.calcagni.com  
Check out today’s issue of the Record-Journal and look for an article written about Calcagni Realtor Daniela Volo & her clients’ national TV debut on HGTV’s House Hunters! …

Daniela Volo, a real estate agent for Calcagni Associates in Wallingford, photographed Wednesday, May 23, 2012. Volo will be featured in an upcoming episode of the HGTV show “House Hunters.” (Photo courtesy of Dave Zajac/Record-Journal)

Click the link below to read the story online, which tells about Daniela & her clients’ real estate adventures as they set off on their home search, which included viewing more than 80 homes, some of which were unique, stately and historic homes! (3 of which will be featured on the show).
 http://bit.ly/KPGBMv
(Episode is set to air at the end of July- we’ll keep you posted!)

Freddie Mac released recently its U.S. Economic and Housing Market Outlook for May showing for the most part encouraging signs with the release of several first-quarter 2012 economic indicators.

Outlook Highlights

  • Initial estimates for first-quarter 2012 economic growth was 2.2 percent, slower than the previous quarter, but better than three of the past four quarters.
  • Personal consumption expenditures grew at a 15.3 percent annual rate reflecting continuing strength in consumer durables such as cars and kitchen appliances.
  • Residential fixed investment like new housing construction and remodeling expenses have been a net positive contributor to growth for four straight quarters; however, it remains weak for this stage of the economic recovery compared with previous business cycles.
  • Home prices at or near a trough in many markets bodes well for further declines in delinquency rates.
  • Fixed-rate mortgage rates are the lowest in more than 60 years, providing extraordinary home-buyer affordability in many areas and likely translating into a sales pickup relative to last year.

According to Frank Nothaft, Freddie Mac, vice president and chief economist, “Taken together, the first-quarter data releases provide an encouraging sign for both the macroeconomy and the housing recovery. While not uniformly positive, for the most part the data trend in the right direction.”

 
Don’t miss our GRAND OPENING Open House this Sunday, May 6th at Southington’s newest condominium community! Come check out the decorated model home at:

WINTERBERRY WOODS, Southington from 1-3 PM
2118 Meriden Waterbury Road (Rt. 322)
www.winterberrywoodsliving.com

To see our complete list of open houses, click on the “Open Houses” icon on the top of our Facebook timeline, or visit www.calcagni.com