HouseLogic Offers Smart Advice to Owners The NATIONAL ASSOCIATION of REALTORS®

Daily Real Estate News | February 17, 2010 | Share HouseLogic Offers Smart Advice to Owners The NATIONAL ASSOCIATION of REALTORS® this week launched HouseLogic, a new, comprehensive consumer Web site designed to help home owners make smart decisions to maintain, protect, and increase the value of their homes. HouseLogic will help consumers take responsible actions pertaining to what is likely the largest investment of their lives. “Backed by the resources and industry insights of NAR and its REALTOR® members, HouseLogic will engage and involve consumers throughout the lifecycle of homeownership,” said NAR President Vicki Cox Golder. “It makes sense that, as the first, best source for real estate information, NAR should collaborate with today’s consumers to help them make the most out of owning a home. HouseLogic will help us do that.” The free Web site helps home owners plan and organize their home projects and provides timely articles and news; home improvement advice and how-to’s; and information about taxes, home finances and insurance. “Unlike other homeownership Web sites, HouseLogic helps consumers view their home through a financial lens and make smart, informed home improvement investment decisions,” said Golder. “Families can set goals for saving money on their home or increasing its value, and easily track the progress they are making on those goals.” Registered users can save relevant information, create to-do lists, and set project reminders. The Web site can also be customized for individual owners depending on how handy or ambitious they are regarding home projects; how much money they want to spend or save; where they live; and their priorities, such as increasing the value of their home or improving their neighborhood. HouseLogic also empowers home owners who want to get more actively engaged in shaping community life, advocating on neighborhood and homeownership issues that matter most to them. The site provides users with the tools and know-how to effect change, such as establishing a neighborhood watch program, building a community playground, or participating in city or county planning efforts. “For more than 100 years REALTORS® have been bringing America home,” said Golder. “HouseLogic takes owning a home to the next level, partnering with consumers to truly help people build their futures through homeownership.” Visit HouseLogic at www.houselogic.com — NAR

Steve Reilly
Higgins Group
203-246-7372
swreilly@swreilly.com

Westport Area Real Estate Market starting to show improvement

Local Real Estate Market Information©

(Through January, 2010 as of February 12, 2010)

TRENDS OF UNITS SOLD, MEDIAN SELLING PRICE AND AVERAGE DAYS ON MARKET

For, Fairfield County,

Properties sold - The trend has been down but that is starting to change. There was an increase in December, 2009 and again in January, 2010. For Westport, the same was true.

Median selling price - The trend has been down but that is starting to change. There was an increase in December, 2009 and again in January, 2010. For Westport, there was a big increase in January, 2010.

Average days on Market - The trend for last few months has been flat and there was no increase in January, 2010. For Westport, Days on market continued to increase in January, 2010.

You can see trends for all Fairfield County and Westport at he following link:

http://www.swreilly.com/marketinformation/localmarketinformation.htm

MONTHS OF INVENTORY FOR SALE BY TOWN IN FAIRFIELD COUNTY

Inventory is still high but the trend over the last few months was to have less propertis for sale but there was an increase in January, 2010 reversing the recent trend. See in the following charts.

http://www.swreilly.com/marketinformation/localmarketinformation.htm

Stephen Reilly

Higgins Group

Best Practice Real Estate

278 Post Road East

Westport, CT 06880

203-246-7372

swreilly@swreilly.com

www.swreilly.com

Repossession activity increasing in Fairfield County

Repossession Activity by Town in Fairfield County

Repossession activity is driving down the price of houses. After a home has been repossessed the owner and the bank have taken large losses on the property and when it comes back on the market the price is typically way under market.

The following chart shows repossession acitivty by town as of Jan 31, 2010.

http://www.swreilly.com/marketinformation/repos%20per%20town%20january%2031%202010.htm

The Wall Street Journal Reported on Monday 10/12/09 that "Foreclosures Grow in Housing Market Top Tiers". In most towns this was true in Fairfield County.

Repossession by town chart shows that most towns in Fairfield County the number of Repossessions increased as of January 31, 2010.