Hot Off The Press!!!It’s official!  The conforming loan limit for 2023 will be $726,200, which is $79,000 higher than 2022. The ceiling for one-unit properties in high-cost areas will be $1,089,300 in 2023.   This marks the first time the government will officially be in the market for mortgages above $1 million!!!  11/29/2022

A Short Sale Completed in Waterbury ConnecticutWith the hot market of the past 2 years people have seemed unaware of their neighbors that have been in trouble with their mortgages. People have still been in trouble and life has not been the best for some. People still get sick; jobs are lost, and relationships may have been harder due to the Pandemic.One homeowner in Waterbury hit that perfect storm of problems, with a divorce and a lost revenue stream. Keeping up with the court ordered settlement funds left no room for paying the mortgage. There was an issue with the primary mortgage under water as well as a secondary HUD note from a previous loan modification.With the acceptance of the short sale, the seller was relieved of both notes with a waiver of deficiency for all obligations. T... 11/25/2022

November 2022 Market Trends For Waterbury CT's East End, Zip 06705 The East End of Waterbury CT is highly residential and is also the preferred side of town for people that need to commute to Hartford. Many fine neighborhoods encompass the East End such as Fairlawn, Pierpont and East End.   There are currently 21 active listings in the 06705 zip code with the average value of the homes for sale in Waterbury's 06705 zip code available for sale is $249,979 with average days in market of 65. This represents a 1% increase in values over the previous month with slightly longer days on market, Also, there are also currently 34 properties under contract or hard deposit. For the year 2021 there were 235 closed listings in the 06705 zip code of Waterbury with an average sales price of $189,057 a... 11/28/2022