in Data, Government, Origination, Secondary Market, Servicing August 16, 2013 439 Views Connecticut Home Sales Inch Up in Q2 Agents & Brokers Attorneys & Title Companies Home Prices Home Sales Investors Lenders & Servicers Processing Service Providers The Warren Group 2013-08-16 Tory Barringer Share The second quarter saw modest gains in home sales in Connecticut, according to the “”Warren Group””:http://www.thewarrengroup.com/.[IMAGE]Second-quarter sales of single-family homes totaled 6,898, a nearly 1 percent increase over Q2 2012. In June alone, home sales were up 0.4 percent (the second straight month of increases) to a total of 2,602. According to the group, it was the best month for sales since last August, which saw 2,639 transactions.Year-to-date, home sales statewide were 10,947, down about 1 percent.””The housing market in Connecticut continues to show slow growth,”” said Warren Group CEO Timothy M. Warren Jr. “”As long as mortgage rates and home prices don’t spike too high, we’ll see a very steady recovery year for the market in 2013.””[COLUMN_BREAK]Year-over-year, home prices were up 5.6 percent in June to a statewide median of $283,000–the highest median price for any month since August 2008. The year-to-date median sale price was $255,000, up more than 8.5 percent from the first six months of last year. Compared to the second quarter of 2012, Q2 2013 prices rose more than 8 percent to $269,000.””Buyers have become more active in the spring selling season, which is creating modest upward pressure on prices. While not a problem at this juncture, I hope for more modest increases in the future,”” Warren said. “”Unlike other parts of the country, Connecticut has not seen double digit increases in median prices. This is healthy. Keeping housing affordable while prices rise gradually will avoid the kind of housing bubble we saw seven or eight years ago.””On the condo side, sales increased 2 percent year-over-year in June, with second-quarter sales rising 2.5 percent compared to the same three months in 2012. Year-to-date, condo sales increased almost 1 percent compared to last year.The median sale price of condos also rose in June. According to the Warren Group, the median selling price was $176,000, up more than 7.6 percent year-over-year. The second-quarter median price was $175,000 (up more than 8 percent), while the year-to-date price was $168,000 (up more than 5 percent).
London – Reported by Elite Traveler, the Private Jet Lifestyle Magazine The Dorchester, the iconic London flagship of the Dorchester Collection, located in the heart of London, continues to whet guests’ appetites with a new calendar of culinary master classes at The Krug Room and an exclusive new cocktail at the legendary Bar at The Dorchester. And, like a cherry on top, three star Michelin restaurant Alain Ducasse at The Dorchester celebrates its newest accolade – “Best Hotel Dining” from Virtuoso Life’s annual “Best of the Best” awards for 2010. The hotel is certainly heating up delicious culinary experiences for the season ahead: • The Krug Room at The Dorchester unveils a new calendar of culinary master classes in which guests will have a rare opportunity to learn hands-on technique and dine with Executive Chef Henry Brosi for the latest series of informative, but relaxed lunches. All master class dishes will be created from the finest ingredients and paired with wines and Krug Champagnes. Set in the newly refurbished Krug Room, this intimate and glamorous setting is nestled in the heart of the hotel’s award-winning kitchen with the chef’s table separated by a state-of-the-art liquid crystal glass revealing a clear view of behind-the-scenes kitchen activity. Themes include: o British Game Birds, Grouse and Roe Deer (October 16, 2010) o Black Perigord Truffle (February 19, 2011) o Spring Lamb and Wild Salmon (April 16, 2011) o Continental White Asparagus (May 21, 2011) o English and Wild Strawberries with Raspberries and Pimm’s Cocktails (July 16, 2011) o British Game and Bird (October 15, 2011) • Bombay Sapphire recently selected The Bar at The Dorchester as the exclusive destination for its newest cocktail creation, the “Bombay Londres” which launches in September. The cocktail made of Bombay Sapphire Gin, Darjeeling tea, mango, lime and ginger is available through December 31, 2010. The cocktail fits right in at The Bar, where legendary Bar Manager Giuliano Morandin offers renowned creativity by the glass, from timeless and forgotten classics to spirited originals like the popular Champagne Shimmer “lip gloss” cocktail. For true cocktail enthusiasts, Giuliano and his team offer private cocktail ‘master classes’ which can be booked for private parties of up to five guests subject to availability. • Alain Ducasse at The Dorchester, athe strikingly modern, contemporary French restaurant was recently named “Best Hotel Dining” experience by the Virtuoso travel network in Virtuoso Life’s annual “Best of the Best” awards for 2010. The honor puts the three-year-old signature restaurant at the top of 800 world-class properties considered by Virtuoso travel advisors and knowledgeable travel professionals. www.thedorchester.com