Category Archives: Calcagni Associates

January Pending Home Sales Up

Sale-Pending

Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of REALTORS®. There were healthy monthly gains in all regions but the West, which is constrained by limited inventory but was slightly improved.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December and is 9.5 percent above January 2012 when it was 96.7. The data reflect contracts but not closings.

The January index is the highest reading since April 2010 when it hit 110.9, just before the deadline for the home buyer tax credit. Aside from spikes induced by the tax credits, the last time there was a higher reading was in February 2007 when it reached 107.9.

Lawrence Yun, NAR chief economist, said inventory is the key to this year’s housing market. "Favorable affordability conditions and job growth have unleashed a pent-up demand. Most areas are drawing down housing inventory, which has shifted the supply/demand balance to sellers in much of the country. It’s also why we’re experiencing the strongest price growth in more than seven years," he says.

"Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012, while home prices are projected to rise more strongly because of inventory shortages," Yun says.

The PHSI in the Northeast rose 8.2 percent to 84.8 in January and is 10.5 percent higher than January 2012. In the Midwest the index increased 4.5 percent to 105.0 in January and is 17.7 percent above a year ago. Pending home sales in the South rose 5.9 percent to an index of 119.3 in January and are 11.3 percent higher January 2012. In the West the index edged up 0.1 percent in January to 102.1 but is 1.5 percent below a year ago.

Yun expects approximately 5.0 million existing-home sales this year. However, price growth could exceed a 7 percent gain projected for 2013 if inventory supplies remain low. Previously, NAR had expected 5.1 million existing-home sales in 2013, while prices were forecast to rise 5.5 to 6.0 percent.

For more information, contact your Calcagni Agent, or visit www.houselogic.com , http://retradio.com and www.realtor.org.

Congratulations to Calcagni Realtor Mary L. Malin!…

CONGRATS to Calcagni Real Estate Realtor Mary L. Malin, for receiving the “Special Support of the Community” award from the Cheshire Chamber of Commerce, at this year’s Annual Meeting & Awards Dinner, held on February 12th at the Farms Country Club.

Mary Malin- Chamber Award 2013
Mary received this honor in recognition of all the years she has tirelessly supported the Chamber in their endeavors to help the community of Cheshire. Very well deserved, Mary!

In addition to her involvement with the Cheshire Chamber, she has also been President of the Cheshire Rotary club for 2 terms, is on the Board of Managers for the local Cheshire Y, works with the Silent Auction and Wine Tasting committee for the Chamber, the Health and Wellness committee for the Chamber, and over the years various other roles in both church, school and civic clubs. Lastly, she is a past Madam President of the Fraternal Order of Eagles–the New Haven/Hamden area.

To read more about the Cheshire Chamber Awards Dinner:
http://bit.ly/XLaYVw

To learn more about Mary L. Malin, please visit our website: http://www.calcagni.com/marymalin

FALL IN LOVE WITH YOUR NEW HOME THIS SUNDAY, FEBRUARY 10TH!

Calcagni OH Feb 10With Valentine’s Day coming up and nearly 30 open houses this Sunday, what’s not to love? Join us Sunday, February 10th at any of our open houses. Whether you’re just browsing or ready to make the move, you’re sure to find something to love.

Click here to view all of our Open Houses: http://on.fb.me/WKJtuK or visit us at www.calcagni.com 

Spring Cleaning 101 – Get Your Home Ready for Spring Buying Season

Spring Sold

Now that spring is approaching, homeowners are getting serious about preparing their homes for sale. If putting your home on the market is at the top of your to-do list this season, be sure to carve out some time to do some serious spring cleaning. Not only will a thorough cleaning make your home stand out from the crowd, it will also force you to get rid of the clutter that has accumulated during the winter months so that prospective buyers can see everything your home has to offer.

De-clutter: If you’re preparing to sell your home this spring, one of the first pieces of advice you’ll get from your real estate agent is to reduce the amount of clutter in your home. By cleaning out your home and getting rid of the clutter, you’ll set the stage to attract prospective buyers. Take the time to go through all your closets and bag up all the clothes that don’t fit, are out of style, or that you simply don’t wear anymore and donate them to Goodwill. You can even put together a garage sale with any old books, toys your kids no longer play with and anything else that you don’t need.

Don’t Neglect the Exterior: When it comes to spring cleaning, be sure to take care of the outside of the home as well so that your home offers a good first impression to prospective buyers. Curb appeal is as important as ever since house hunters are more likely to spend more time outside looking at the exterior of the house and the property itself. Make sure the lawn is well-maintained and free of leaves, the grass is mowed and the hedges are trimmed. You can even buy some colorful flowers and put fresh mulch in the flowerbeds to spruce up the landscaping. If there are any bare spots in the grass, buy some seed and water it to get the green back in. Make sure to also clean your gutters, wash your welcome mat and put away any rakes or winter shovels so that your yard is clear of debris.

While you’re outside, take advantage of the nice weather and power wash your driveway, walkway, siding and deck. Not only does power washing remove layers and years of dirt and grime from stone and cement, it also gets rid of mildew stains that may have accumulated during the winter. Power washing the porch, a fence or even the deck will clear away all the dirt and debris and make the home instantly seem cleaner. The last thing you want prospective buyers to see is a dingy looking house, as this will give the impression that you haven’t been properly maintaining the home.

Windows: Don’t forget to make sure all the windows are clean as well. While a REALTOR® may tell you that homes show better with the blinds or curtains up, this will not be true if the windows are dirty. A clean window not only brings more light into a room, it also allows buyers the chance to get a clear picture of the view from their potential new home. It’s important to clean both the inside and outside of all windows until they are streak free and spotless. This includes all sliding glass doors, garage windows and outside doors.

Take Inventory: While you’re going through your spring cleaning routine, pay close attention to the “little” things that might draw the eye of a prospective home buyer. Go around your home with a pad and pencil and dissect each room for things such as small holes in the wall where a painting used to hang, outlets that are missing a casing or doorknobs that are loose and squeaky. Also, be sure to check all of the caulking around sinks, faucets and tubs. This is one of the areas that is most often overlooked and can make the biggest impact on someone looking at the house. The same thing goes for any grout in tile counters or bathtubs.

Take the time and invest the small amount of money it will cost to fix these items to remove any hesitation a prospective buyer may have about moving forward with purchasing your home.

For more spring cleaning tips, contact your Calcagni agent today.

Steven Calcagni named National Association of REALTORS® Federal Political Coordinator

We are very proud of our President Steven Calcagni’s newest role as the NAR (National Association of REALTORS®) Federal Political Coordinator. He will be serving as a liaison between NAR and U.S. Representative Elizabeth Esty.

In this vital role, Steven will also be responsible for responding to all NAR Calls for Action received, he will be one of NAR’s key REALTOR® communicators with Congress, and will also act as an advocate on behalf of all REALTORS® and the REALTOR® Party.

Steven was in Washington, D.C. the week of January 28 at the Policy & Advocacy Conference, where he had the pleasure of meeting 2013 NAR President Gary Thomas, among other NAR committee leaders.  

Steven and Gary Thomas

2013 NAR President Gary Thomas and Steven Calcagni

Calcagni Real Estate representing CT Assoc. of REALTORS® in Washington, D.C.

Steven Calcagni is in Washington, D.C. this week, as the new liaison for the Connecticut Association of REALTORS® with Elizabeth Esty. He had a chance to meet up with Laura Vogel, Manager of Federal Member Advocacy at National Association of REALTORS®, pictured below.

Steve & Laura Vogel

Steven Calcagni, President of Calcagni Associates, with Laura Vogel, Manager of Federal Member Advocacy at National Association of REALTORS®

Tips to Overcome Winter Gloom and Sell Faster

If your home will be for sale this winter, it is important to master certain seasonal issues that are less significant or even non-existent at other times of the year. Here are a few tips to aid in the successful sale of your home:

2013 Jan WinterBrighten it up: Counter the cloudy days of winter by making your home stand out. Keep the lights on in the front of the house even if no showings are scheduled. You never know who will be driving by to take a peek.

Don’t overlook a place for shoes: Prospective buyers and guests will likely be schlepping through your home with muddy shoes and boots. Make sure you have a designated spot for wet footwear, like a festive rug or area in the breezeway. You want to ensure that your home stays just as clean for whoever will be touring the home next.

Keep it fresh: Homes, especially ones not currently being lived in, have a tendency to get stuffy in the winter time. Air out the home on warmer days or have a nice room fragrance available, like a candle or spray. As always, keep pets hidden or away from the main quarters to make sure no additional smells enter the home.

Keep a steady temperature: Don’t cook your prospective buyers. Keep the home at a steady 65 degrees during showings. Those touring will likely not be taking off their jackets, so there’s no reason to make them sweat.

Don’t ignore the exterior: Just because it’s winter doesn’t mean you should neglect the yard. Be sure to keep walkways clear of ice and debris to ensure everyone’s safety. Always shovel the driveway and walks promptly after a snowfall or ice storm.

With these tips and a little bit of thought, adjusting your selling methods to suit the season can only help in the long run.
For more information about selling your home in the new year, contact us at www.calcagni.com