Ruthman Real Estate

So, what do you think? Is this is no longer the doldrums, but the calm before an economical Tsunami?

New Milford a Leader In Sad State Category

From the above linked article above:

"...Gary Passineau, a realtor with the New Milford office of William Raveis Real Estate and Home Services, ..."With the glut of foreclosures on the market, the banks have not been able to deal with the situation,"

Mr. Passineau said. "I jokingly tell people that if all the bank properties came back on the market and reasonable offers were accepted, the real estate crisis would be over. I say that because there is so much inventory that the banks are holding."

The Catch 22 to Mr. Passineu's observation:

Sellers (including banks) can ask any price for their property, but Buyers set the price of a property when it closes.

A reasonable price may be much lower to a Buyer, and if accepted by a Seller or Bank will drive down the prices of all comparable properties, foreclosures or not. Foreclosures will sell faster, but home values would continue to drop, and probably at a much faster rate.

If the value of properties started to drop (at a faster rate), then those people who are just getting by, and have mortgage payments they can barely afford may decide to "walk away" because the properties are worth much less. This would create even more foreclosures!

Not to mention "taxes" ... Will towns go back and re-assess???

Connecticut Post: Home Sales Price Plummet - Where Do Those Numbers Come From

The Connecticut Post: Home sales, prices plummet

"...The Greater Fairfield MLS Tax Data comes from The Warren Group. The (CMLS) Greater Fairfield MLS provides municipal tax and sales data for 36 communities in Western Connecticut. This information is gathered by the Warren Group, the publishers of the "Commercial Record" trade paper. The updated information is sent to the (CMLS)Greater Fairfield MLS once the information is certified by the state.

The tax database also includes sales transactions, warrantee deeds, quiet titles, etc. The sales database is updated every six weeks depending on the timeliness of the municipality.

Also, the Connecticut Statewide MLS integrated the tax data from all Connecticut towns from The Warren Group."

Click on the logo to view our services: "Connecticut's Best Home Buyer's Rebate"

This is a response to an article in The Connecticut Post: Home sales, prices plummet

We deal with the facts about the housing market, and not add to the confusion with spin causing mis-perception.

Professionals who dispute the numbers from The Warren Group,also need to admit that many Connecticut Real Estate Professionals rely on The Warren Group information everyday for facts and figures.

A couple of examples:

The Greater Fairfield MLS Tax Data comes from The Warren Group. The (CMLS) Greater Fairfield MLS provides municipal tax and sales data for 36 communities in Western Connecticut. This information is gathered by the Warren Group, the publishers of the "Commercial Record" trade paper. The updated information is sent to the (CMLS)Greater Fairfield MLS once the information is certified by the state.

The tax database also includes sales transactions, warrantee deeds, quiet titles, etc. The sales database is updated every six weeks depending on the timeliness of the municipality.

Also, the Connecticut Statewide MLS integrated the tax data from all Connecticut towns from The Warren Group.

The above examples are used by thousands of members (real estate agents) that belong to real estate offices (big and small) through-out Connecticut.

From the Warren Group "About" Page:

"...Know how important timely and reliable real estate data and financial information is to your business. With more than 135 years of experience collecting and publishing real estate-focused news and public records, it's no wonder that most real estate and lending professionals, marketers, home buyers and sellers rely on our products to keep track of the New England market whether they are local or national businesses."

This transparency may help the public make good decisions during these interesting economic times.

Ruthman Real Estate
CT & NY Licensee
32 Main Street - Main Office
Norwalk, CT 06824

http://www.RuthmanRE.com

Lake Mohegan located off of

Black Rock Turnpike

Fairfield, Connecticut

Lake Mohegan
Tahmore Road, off the Merritt Parkway at Exit 15
Fairfield, CT
Phone: 203-256-3010

This is a paradise for dog walkers. Last night, I took my foster dog, Maybelline, for a stroll. We did a meet and greet as we went. Dog people are very friendly, and most of the dogs are too!

Dogs must be leashed within 100 feet of the parking lot.

Maybelline is very well trained and never leaves my side.

In fact, she would prefer I did all the walking, and she was carried.

Word of caution: the trails are full of tangled half-exposed roots, it is easy to trip.

The babbling brooks are so peaceful. The perfect way to de-stress the day.

"Mabel, Where Do You Want to Go Next?"

CONNECTICUT DOG PARKS

This is one of the destinations we head to after a movie. What can I say, I shamelessly love this place, and I guess I am not the only one. Taco Loco, located at 3170 Fairfield Avenue, Bridgeport has delicious food and great service. It is a good time! Check it out!

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