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business20h ago
Zillow names Hartford one of nation’s hottest real estate markets
- Zillow names Hartford as one of the nation’s hottest housing markets this year, signaling strong demand and bidding activity.
- A West Hartford buyer reports bidding wars, with a home in the high $700s selling for over $900,000.
- Experts say limited inventory and demand from nearby markets support rising prices in Hartford.
- Some homes may sit longer if they need extensive repairs, affecting price realization.
- Mortgage rates hover around 6 percent, influencing buying decisions and refinancing options.
- Real estate expert Dawn Gagliardi says Hartford’s location near New York and Boston boosts appeal.
- Local buyers expect to pay more than asking price, depending on neighborhood and condition.
- Buyers are advised not to wait for rates to drop, as prices may rise while they wait.
- Overall market trend suggests continued price growth in Hartford amid strong demand.
- Zillow’s assessment reinforces Hartford’s status among top markets this year.
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