Bob Mowen's (bobm515) Blog

I realize most of my blogs are filled with bad news, but what can I say, much of the news (concerning real estate) is not so good.The Labor Dept released the latest figures on Fri: The jobless rate is 5 percent. This is an ominous sign that the economy could be heading for a recession. This news ...

An recent article in the local paper by an AP business writer was very interesting. To avoid copyright issues I am paraphrasing what was written.He wrote that the upside to the housing slump is cheaper homes, but it seems that many buyers don't see bargains quite yet.On Dec 26th, the US Standard ...

According to an article in today's local CT paper, sales of previously owned homes nudged up in November.NAR reported Monday that sales of existing single-family homes, condos, and townhouses rose 0.4 percent in November from October. Even with the small increase, the pace of sales was still the ...

"Real Estate market cooling"A story in today's Republican-American says that Litchfield County's real estate market is beginning to feel the pinch of the nation's worsening housing slump.I would have to say the slump's been here for a while.Back in Oct (when I had 1 closing....lucky me) sales of ...

I would like to use my blog to tell all you wonderful folks about a extraordinary property located here in Litchfield County. Imagine a circa 1812 church, or more accurately a "meeting house", with soaring ceilings, huge windows, a massive working fireplace, and a cozy, rustic, yet high-end apt l...

I read an interesting article in the NY times about the sub-prime mortgage mess. Many of us here in Litchfield County, CT think of the area as affluent, and by being so are somewhat immune to the current issues with the current mortgage situation.Here are some interesting facts about the percenta...

Here are some interesting facts about the real estate market in Goshen, CT: In 2006 a total of 63 homes were sold in Goshen. So far in 2007 a total of 48 homes have sold. Only 15 less than in 2006. Still, that's a 25% decrease in sales     volume.At Woodridge Lake, where the main office of my com...