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THE REGISTER CITIZEN
SATURDAY, JANUARY 14, 2017
REAL ESTATE NOTES
Klemm Real Estate receives awards WASHINGTON >> Klemm Real
Estate received two Americas Property Awards for Highly Commended Real Estate Agency in Connecticut and Highly Commended Real Estate Agency Marketing in Connecticut from the International Property Awards. The awards are sponsored in part by the Telegraph and Klemm competed against a number of real estate professionals from all over the world to receive the recognition. The nominees, an elite group of real estate professionals from the United States, Canada, South America, Central Amer-
ica and the Caribbean attended the awards gala at the The Savoy, London on Sunday, Dec. 11. In the presence of Earl of Caithness from the House of Lords in British Parliament, the eagerly awaited results of the Americas Property Awards were announced. The Americas Property Awards are broken down into four geographical regions: Canada, the Caribbean, the United States, and Central and South America. Awards were given out for each region’s most exceptional real estate agencies, lettings (renting) agencies, property consultancies, and individual real estate agents. The winners were announced as either
a ‘Highly Commended’ or ‘Five Star’ winner and presented with special plaques during the awards ceremony. The International Property Awards are open to residential and commercial property professionals from around the globe. Since 1995, they have celebrated the highest levels of achievement by companies operating in all sectors of the property and real estate industry. “We are very honored to be among this select group of leading international real estate companies yet again,” said Graham Klemm, President of Klemm Real Estate. Klemm Real Estate has
offices located in Washington Depot, Woodbury, Litchfield, Roxbury, Lakeville/Salisbury and Sharon. Staffed by 40 associates serving Litchfield County for about 30 years. For information, call Graham Klemm, 860-488 6635, email
[email protected]; or visit www.klemmrealestate.com.
NCCC offers real estate course Northwestern Connecticut Community College is offering the required course for those interested in becoming a real estate salesperson. The course provides a WINSTED >>
clear explanation of modern real estate practices and a working knowledge of real estate in Connecticut. Property owners, buyers, sellers, and anyone interested in pursuing real estate careers or operations will find this course beneficial and rewarding. Those students intending to sit for the State of Connecticut Real Estate Exam must attend 60 class hours, in addition to a final exam. For a summary of the Connecticut Real Estate Licensing requirements, refer to: www.dcp. state.ct.us/licensing. Instructor, Richard Mihalcik, holds a state Real Estate Broker’s License
and has taught this course for nine consecutive years at Northwestern Connecticut Community College. Real Estate Principles and Practices begins on Feb. 16, and ends May 4. It will meet on Tuesday and Thursday evenings from 6:30-9:35 p.m. Cost is $459 plus textbooks. Financia l a ssistance is available to qualified indiv iduals by way of Work force Investment Oppor tunity Act funding through the Department of Labor. For more information, or to register for this class, please contact Jane Williams, Program Coordinator, at jw
[email protected] or call (860) 738-6444.
YOUR OWN HOUSE
Three ways it’s becoming harder for millennials to buy homes By Jonnelle Marte The Washington Post WP Bloomberg
Young people can face a lot of challenges when it comes to buying their first home - and that list may be
growing. A house can seem farfetched for someone struggling with student loans, rising rental costs and growing child-care expenses. But recent data from the real estate web-
site Trulia found that people buying starter homes, or those in the bottom third of home values for their market, can also have a harder time closing on their mortgages or finding a home they can afford.
Boost Your Buying Power 10% Down and a low monthly payment with our Buyer’s Boost Program for qualified buyers.
Here’s a look at some of the ways that home buying is becoming more difficult for young buyers: 1. More deals are falling through. The share of home sales that fail is on the rise, with more issues arising for people buying starter homes, according to a report released this week by Trulia. About 4 percent of sales for listed homes failed at the end of last year, meaning the homes went from being listed for sale to pending and back to being on sale. That is up from about 1 percent in 2014, according to the report. The fail rate was higher for starter homes, with 7 percent of deals falling through at the end of 2016. Home sales typically fall apart if buyers face issues with financing or if they find major issues with the structure of the home, says Felipe Chacón, a housing data analyst for Trulia. New home buyers are more likely to face issues with their loans because they haven’t gone through the process and usually
don’t have as much equity as older borrowers, Chacón says. They are also more likely to be buying homes with loans secured by the Federal Housing Administration, which require smaller down payments but have more restrictions, he says. 2. T hey don’t have many options. One of the main challenges affecting all kinds of home buyers is that there is a shortage of homes on the market. Still, those shortages are growing most for lowand midpriced homes in many markets, according to Trulia. Inventory for starter homes fell by nearly 11 percent nationally at the end of last year when compared to the end of 2015, the company found. That compares to a drop of 6.5 percent for premium homes, or the priciest homes in the market. When inventory is low, buyers can have a tough time finding a home they can afford or that has the features they’re looking for. And when they do find a home they like, they can
face strong competition from other buyers, says Jeremy Wacksman, chief marketing officer for Zillow. That can mean having to rent for a longer time, he says. Other people may feel pressure to move quickly or to make a bigger offer. 3. More people are being priced out of the market. Mortgage rates have increased since the election, putting a squeeze on young home buyers. Rates for 30-year fixed-rate mortgages rose to 4.2 percent last week from about 3.4 percent at the beginning of October. Those higher mortgage rates pushed down the median mortgage that millennials can afford by 9 percent, according to a report released Thursday by Fitch Ratings. It also doesn’t help that the list prices for starter homes are rising, according to Trulia, requiring bigger down payments. For aspiring buyers, that can mean having to move to a less-expensive area, or putting off the purchase until they have more cash in the bank.
INTERIORS
Our favorite decor in Pantone’s Color of the Year, Greenery Lindsey M. Roberts The Washington Post WP Bloomberg
30 Years 4.000% APR* No Private Mortgage Insurance *Annual Percentage Rate (APR) and payments are based on a $100,000.00 mortgage with 0 (zero) points and a 10% down payment. A 30-year mortgage at 4.000% APR would be repaid in 360 monthly principal and interest payments of $477.42. Rates as of January 4, 2017. Payment amounts do not include taxes, homeowner’s insurance or mortgage insurance. Your payment will be greater if taxes and/or insurances are escrowed. Contact a bank representative for details. Rates subject to change. TORRINGTON MAIN • TORRINGTON NORTH • TORRINGFORD BURLINGTON • FALLS VILLAGE • GOSHEN • NEW HARTFORD
NMLS #404919
(860) 496-2152 torringtonsavings.com 25 Center St., Winsted (860) 379-2784 www.thedamoreagency.com Winsted Main house has four apartments with large rooms, hardwood floors and impressive wood work. All units have separate heat and utilities, plus a fifth apartment in detached 3-4 bedroom Carriage house. Generates $38,000 a year with a potential for more! $239,000 Call David & Pat D’Amore 860-485-3508
Hartland Cathedral Ceilings, Beams, Lofts, and Natural Sunlight welcome you to this Hand Crafted Post and Beam Country Home. The Kitchen affords ample space for entertaining family and friends. Seamless transition to Great room. Separate formal Dining area w/ built-ins. Property is private with direct access to abutting State Land. Only minutes to headwaters of the Wild and Scenic West Branch Farmington River, Hiking/Biking Trails and Downhill skiing. Enjoy a lifestyle that leaves you calm and refreshed. $389,000 Call David D’Amore, Jr 860-307-5870
Pantone selected its 2017 Color of the Year, Greenery, based on research that shows everyone just wants a big, deep breath of air. “We don’t all have access to the green forest, but we do have access to things we can bring into our home environment,” says Leatrice Eiseman, executive director of the Pantone Color Institute, which advises companies on color and forecasts trends. One way to do that is with this powerful color. When used on an accent wall, kitchen backsplash or throw, it will refresh and energize you. Pair it with warm whites and neutrals for a clean, tranquil vibe, or use a bright white for a fun, contemporary feel. It’s especially nice in kitchens, where it’s natural to want a fresh feeling, but also in entries and hallways, to transition between room colors. “It is a very optimis-
DASH & ALBERT PHOTO
Dash & Albert’s Samode Indoor/Outdoor Rug pairs a vegetal green called “Sprout” with a warm ivory - and spills come out with a quick hose-down ($48$672, dashandalbert.com). tic color,” says Lori Weitzner, a textile designer in New York and author of “Ode to Color.” “Use it in the right way in your home, and it will keep your spirits high.” - One of the best places to use a bright green, Weitzner says, is in the kitchen. Add
plants and herbs, but also consider a green backsplash, an accent wall or even an indoor-outdoor rug. Dash & Albert’s Samode Indoor/ Outdoor Rug pairs a vegetal green called Sprout with a warm ivory - and spills come out with a quick hose-down ($48-$672, dashandalbert. com). - Play with Greenery in a small way with the Miguel Green Highball Glass ($7, crateandbarrel.com). Depending on how you set the table, the color changes like a chameleon. With bright whites, “it could be terrific and energetic,” Alexandria, Virginiabased interior designer Victoria Sanchez said in an email. It could also counterbalance gray or, when paired with other brights, signal a party atmosphere. - Don’t worry about this color being a mere fad. Our eyes never tire of green just as they never tire of a view of trees. Ikea’s Fargrik 18-piece dinnerware set brings the timeless hue to your kitchen table ($25, ikea.com).
When Buying or Selling… Please Think of us! David and Patricia D’Amore, Brokers Owners neW Hartford
Immaculate Custom built 3 Bedroom 3 1/2 bath Contemporary Home set on 5.2 private acres. Remodeled Kitchen with Granite counters and gleaming hardwood floors. Many windows throughout this home allow lots of natural light. Great room offers a soapstone wood stove, cathedral ceilings and a gorgeous brick center piece chimney. Master Suite has a working fireplace, full bath, exterior deck and spiral staircase to loft area currently used as home gym. $375,000 Call David D’Amore, Jr 860-307-5870
neW Hartford Build your dream home today! Three lots available to choose from, ready to build, starting $69,900. Attractive owner financing available! Call David and Pat D’Amore 860-485-3508
1 BEDROOM - $750 • 2 BEDROOM - $895
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THE REGISTER CITIZEN
SATURDAY, JANUARY 14, 2017
FREDDIE MAC
Average 30-year mortgage rate falls to 4.12 percent Longterm US mortgage rates fell this week, the second week of declines after snapping a nine-week run of increases. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans eased to an average 4.12 percent from 4.20 percent last week. That was still sharply higher than a 30year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.92 percent. The average for a 15-year mortgage declined to 3.37 percent from 3.44 percent last week. Mortgage rates surged in the weeks since the election of Donald Trump in early November. Investors in Treasury bonds bid yield rates higher because they believe the presidentelect’s plans for tax cuts and WASHINGTON (AP) >>
higher spending on roads, bridges and airports will drive up economic growth and inflation. T hat would depress prices of long-term Treasury bonds because inflation would erode their value over time, a prospect that caused investors to demand higher yields. In the latest week, a report from the government on employment in December pushed the price of the 10-year Treasury bond higher, dampening its yield. The Labor Department report issued last Friday showed that U.S. employers added 156,000 jobs last month, capping a year of slower but solid hiring. Though the unemployment rate rose to 4.7 percent from a nine-year low of 4.6 percent, it did so for an encouraging reason: More people began looking for work. Because not all
percent Wednesday from 2.44 percent a week earlier. That compares with 1.87 percent on Election Day Nov. 8. The yield declined further to 2.33 percent Thursday morning. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. The average fee for a 30-year mortgage was unchanged this week at 0.5 point. The fee on 15-year ALAN DIAZ — ASSOCIATED PRESS loans also remained at 0.5 This Tuesday, Dec. 6, 2016, photo, shows a house for sale in Coral Gables, Fla. Freddie point. Mac reported Thursday on the week’s average U.S. mortgage rates. Rates on adjustable fiveyear loans fell to 3.23 perof them found jobs imme- December. long-term mortgage rates. cent from 3.33 percent. The diately, more people were Bond yields move oppo- The yield on the 10-year fee increased to 0.5 point counted as unemployed in site to prices and influence Treasury bond fell to 2.37 from 0.4 point.
DaVID L. SaRTIRaNa BRoKER aND oWNER
98 Main Street, Winsted, CT 06098
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nwctrealty.com
860-379-7245 BARKHAMSTED $269,000 This charming 1820’s Federal brick colonial is listed in the National Registry. Updated mechanicals, 3 fireplaces, wide board floors, original trim. Heart of Riverton location near river and town center. Heated in ground pool, gazebo, detached garage. G10175759 Kim Trumbull 860-309-6542
BURLINGTON $359,900 4BD/2.5b Colonial on over 1.5 acres in sought after neighborhood. Lovely neutral décor, open floor plan, HW floors, spacious rooms. Stone FP in Fam Rm next to eat in kitchen with center island. MBD suite w whirlpool. Fin LL. G10177326 Karen Campagna 860-559-4259
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BURLINGTON $719,000 Custom 3BD/2.5B Colonial on 6 acres in a beautiful neighborhood. Stunning details throughout in a one of a kind gracious home. Gorgeous grounds, pool, large barn/horses permitted, separate office/studio. A true exquisite gentleman’s farm with no detail overlooked. G10164588 Julie Yescott 860-655-0646
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CANTON $229,000 Charming historical house! Updated SS/Granite Kitchen. FR w/wood stove hookup. Fabulous formal LR/DR. 3BD on upper floor. Utilitarian basement with cement floor. Charming brick patio in front of house and second brick patio in back. Located in Canton Center. G10132317 Also available to rent: $1800/mo. Patsy Keene 860-989-1788 ED
NEW HARTFORD $174,900 “HOME SWEET HOME” PERFECT FOR THE HOLIDAYS! A GEM! Lovely Open Plan, Fenced yard, Arbor, Garden & Deck! Country Kit w/Tile, Formal Dining, Front to Back Family RM! LG MBR! Great Built-Ins, Stylish Decor! Lynn Allen 860-309-6425
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NEW HARTFORD $269,900 Location! Tucked away on a quiet landscaped cul de sac, 3BD/3B Contemporary w vaulted ceilings and expansive glass views the lush surroundings. Woodburning FP, stained glass windows, open floor plan, HW floors. 2 car attchd, 1 car detchd garages. Mins from 202. G10152676 Kim Trumbull 860-309-6542
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TORRINGTON $175,900 Well-kept ranch home with 3 or 4 bedrooms/2 full baths with an updated kitchen with stainless appliances. Large deck and finished basement. First floor laundry and full bath in LL, great for guests. 2 car garage under. G10170492 Christina Niziolek 860-673-5907
Winsted- Solid 3 bedroom colonial located on 1 acre lot in semi rural neighborhood. You get the feeling of being totally secluded. This is a one owner home and will require some cosmetic updating but well worth the effort. $164,900 David 860-806-0225
Torrington- Unique 3 family home. Spacious 1st flr w/ 2 full baths, huge living rm w/vaulted ceiling & loft area, baseboard gas heat. 2nd unit has 5 rms, 2 beds, electric heat, gas stove & HW. 3rd unit is 1 bed, electric heat, gas stove & HW. Laundry hook-ups in basement and huge yard! $139,900 Cathy Macias 860-307-6236
Sharon- 3 bedroom 1.5 bath custom built home on .63 acre. This home features an open living room with large windows overlooking Indian Lake and neighboring farm land. Full walk out basement with 2 car garage. $219,000 Tami Reid 860-248-0195
Torrington- Updated 3 family with 3 bedrooms on 1st and 2nd floor, new roof and newer boilers. Replacement windows and vinyl siding. New LR flooring and kitchen cabinets and counters in 2nd floor. $134,900 Cathy Macias 860-307-6236 Hablo Espanol
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LITCHFIELD $159,000 Spectacular views across Bantam Lake Valley in this affordable 3BD/1B Ranch. Historic district, walk to town green and library. Walkout Basement, partially finished. Barn, outbuildings. G10180253 Alison Shipley 860-916-3734
NEW HARTFORD $425,000 Town Center, landmark building w commercial/office spaces. Great opportunity to develop professional office, retail, or business. Possible conversion back to grand residential. Convenient to outdoor activities, river, and tourism on commuter RT 44. G10169203 Kathy Samul 860-305-8430
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WINCHESTER $299,000 Renovated 1776 salt box Colonial in Historic area on 2.7 acres. Formerly the parsonage for neighboring church. Original charm and character w 2 PF, original HW floors. Fully updated kit w/ granite and SS appliances. Barn/garage. G10178923 Matthew Schoenhardt 860-543-4005
WINCHESTER $389,000 One of the nicest log homes ever! Everything is done: kitchen with cherry cabinets, granite, stainless. New bathrooms, hardwood floors on main level, a first floor BD could be a master for one floor living plus 2 master suites on second level. Barn with elec, and shed on 4.5 acres. Private yet close to all. G10149596 Owner Agent Tom Fowler 860-424-6948
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Torrington- Come feast your eyes on this modern cape with vaulted ceilings, large master suite, half bath upstairs has plenty of room to add shower. Huge bedroom with sitting area or space for more storage. LL has rec room, w/set up for pellet stove. Fenced yard for children or pets. $129,900 Cathy Macias 860-307-6236
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New Hartford- Reproduction Cape on a 3.3 acre, lots of sun to raise crops, combo 2-3 stall barn/two car gar & hay loft make this the perfect gentleman’s farm. The home features large EIK with a bay window facing east, formal dining rm, lrg family rm w/ FP. Large master w/ cathedral ceilings in bed & bath. $289,900 David 860-806-0225
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HARWINTON $389,000 Private 4BD/2.5B Ranch on over 4 acres. Gourmet kitchen w granite and SS. Beautiful great room with fireplace, cathedral ceiling. 9ft ceilings, HW floors. 1st floor master with dressing room and walk in closet. Full basement, 2 car attached. G10164597 Julie Yescott 860-655-9967
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CANTON $297,500 Great Colonial on west side of Canton convenient to all amenities yet private w views on 1.6 acres. 3 or 4 BD/2.5B, Large MBD suite. FP LR w vaulted ceiling and HW floors, DR opens to deck. Energy smart with thermopane windows, extra insulation, vinyl siding. G10125869 Kathy Samul 860-305-8430
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CANTON $339,900 Gorgeous Sussex model on premium Oxbow Ridge lot. One floor living in open floor plan . 1st floor MBR with a custom walk in closet and deluxe bath. Upstairs with 2 more BR w bath. Walkout LL finished with potential guest suite. Active adult community. G10149441 Dan Babich 860-212-8680
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CANTON $289,500 Lovely Colonial in quiet neighborhood. 3BD/2.5B with a fully updated kitchen, lovely large sunroom with delightful windowed view. In Collinsville, with river, community center, shopping, cafes and outdoor activities minutes away. G10187078 David Sinish 860-922-6170 UC
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Norfolk- Very Charming cape with accessory apartment on the outskirts of town. The original house was built in 1972 has 1 bedroom and the addition built in 2001 has 3. This home boast a HUGE 40X40 work shop with Radiant heat 14’ ceiling. $375,000 Mary Reeve 860-480-8137
Torrington- Pristine eastside brick ranch with inground pool. Hardwood floors thru -out, new propane furnace & HWH, new roof, updated baths, finished family rm in LL w/FP. New 55x43 wrap around patio. $199,900 Ellie Peterson 860-309-1547 Winsted - Multiple possibilities on this high visibility, Main St. property. First floor is currently retail, second and third floor have open floor plan. Newer roof, windows and mechanicals. $149,900 Keith Meyer 860-309-9933
LAND LAND LAND: Call office at 860-677-4661 for information on many gorgeous building and commercial lots. Price reductions on many… great opportunities this winter!
Winsted- Newer, vinyl sided ranch with additional 400 square feet of heated space in lower level. Freshly painted with all new carpeting and flooring throughout. Lower level also has a half bath in utility room. Home is located on private road in a quite neighborhood near Highland Lake. $149,900 Keith Meyer 860-309-9933
182 Birge Park Rd, Unit 1, Harwinton, CT 06791 www.thewashingtonagency.com
“Because you deserve the best”
TERRYVILLE
NEW PRICE! Double your investment! Shovel ready, 60 unit Condo site waiting for completion. Land is cleared, roads roughed in, sewer lines and partial storm drains installed, water and electricity at entrance, public gas lines are within 600 ft. of property. $1,100,000 Call Michael Grella x416
TORRINGTON
New construction inArbor Ridge, still time to choose your colors! Three BR’s, 2 and a half BA Raised Ranch with 2 car garage under. Granite kitchen, finished family room in lower level, master BR on main floor with full BA, allowance for appliances. $189,900 Call Tony Gioia 860-459-8911
Great eastside neighborhood for this 3 BR, 2 and a half BA Colonial with an open floor plan, beautiful hardwood floors and gas fireplace in living room. Spacious eat-in-kitchen, central air, inlaw potential in lower level, 2 car garage. $179,900 Call Tony Gioia 860-459-8911
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Great 4 BR Cape just waiting for a new owner! Two oversized BR’s upstairs, two BR’s down, FR with French doors to patio and garden, LR with FP and wood floors, EIK with built-in hutch, two car garage with extra wide driveway for additional parking. $139,900 Call Joanne Donne 860-986-6683
WEBSITE Check Our Website
www.thewashingtonagency.com
Newer house built in 1998, cozy, well-kept and in move-in condition! Three BR’s, 2 full BA’s, formal dining room and living room, CAIR, 2 car garage. Close to shopping, restaurants and easy access to Route 8. $129,900 Call Marco Monroy 860-309-7294
Great starter home! Well maintained, solidly built 3 BR brick Cape, newer windows, enclosed heated sun porch, artesian well, city sewer, fire/alarm system needs to be connected. Just needs your personal touch to bring to life. $113,500 Call Darlene Aeschlimann 860-601-1829
Immaculate 7 room Colonial with numerous updates including new roof, storm doors, hot water heater and newer furnace. Living room with fireplace, spacious and bright family room, beautiful back deck. Move right in! $209,900 Call Joanne Donne 860-986-6683
For Open House Dates And All Our Current Listings
Cape on a corner lot with 3 BR’s, 1 and a half BA’s, dining room with built-in hutch, original doors with glass door knobs, spacious living room with fireplace, enclosed sun room, hardwood floors, attic with lots of storage space. Great value! $139,500 Call Joanne Donne 860-986-6683
RENTALS/LEASES 1 - 3 Bedroom Rentals $600 - $1,400 Apartments & Houses in Torrington & Winsted
