According to a recent report, Goldman Sachs is becoming more confident about the US housing market.

The report cites confidence among builders pertaining to new construction, and falling gas prices leaving Americans with more disposable income.  Multi-unit construction has been preferred lately due to the increased rental demand, and analysts hope to see the single family construction market pick up steam.

Time will tell if this is a positive trend, or just a small blip of positive news on the spectrum of a sideways-moving housing market.  To read the entire article from Housingwire.com, CLICK HERE.

For information about Norwalk real estate, visit www.NorwalkRealEstateTodd.com

 

 

22 Ferris, a 1 BR apartment in Norwalk, was just listed for $1,350 per month!

This 1 BR apartment is available for August 1st, and features a dishwasher and washer / dryer within the unit.  These is also a 1 car garage available for rent with this unit for $100 per month.

The last comparable unit in this building rented for $1,350 in just a few days, and we expect this unit to get a lot of interest as well.

For more information about this particular unit, CLICK HERE.

To search every rental in Norwalk, or for more information about Norwalk real estate, visit www.NorwalkRealEstateTodd.com

 

JP Morgan Chase is bullish on the real estate market.  Recently their analysts published a report predicting a 12% gain in home prices by the year 2016.

They basically believe that the housing market has hit bottom, or is close to bottom, and expect gains starting around 2013 or 2014 and continuing forward.

For more information about this article published by Housing Wire, CLICK HERE.

For information about local real esta

16 Donna Drive # 17, a condo for sale in Norwalk, was just reduced to $249,900!

This 2 BR, 1.5 Bath condo is in excellent condition and ready for its future owners to move right in.  It features and updated kitchen, and finished basement with extra storage space.  The complex also offers an in ground pool and play area for the kids.

For more information about this Norwalk condo for sale, CLICK HERE.

The former United Methodist Church in Norwalk, next to the the proposed 95/7 District on West Avenue, is close to being sold.

According to TheHour.com, the church has an accepted offer and is waiting on an updated appraisal before moving to contracts.  The church first hit the market in 2008, with a price tag of $2 million dollars.  The most recent list price is $1.2 million.

The church was deconsecrated in 2008 due to lack of attendance, but has continued to serve as a landmark to residents who drive down West Ave. to access South Norwalk.  If sold, the most likely outcome would be that the church is torn down, and a new building is built.  At the moment, there isn’t any indication what the prospective buyer might do at the site.

One of the difficulties facing a new buyer who would want to keep the church is the extensive restoration work needed.  Another is the lack of parking.  Some of the church parking was sold off years ago in an effort to raise funds and keep the church going.

No matter what the outcome with the sale is, expect the scenery to be different on a future drive to South Norwalk.

To read the entire article, CLICK HERE.

For more information on local Norwalk real estate, visit www.NorwalkRealEstateTodd.com

To comment on this story, visit www.Facebook.com/NorwalkRealEstate

 

 

 

 

 

 

 

 

Three different apartments for rent in Norwalk were just listed on the MLS.  They are:

• 61 Plattsville – 2 BR, 2.5 Bath Townhouse – $1,750 / month – CLICK HERE
• 10 Wall St. # 212 – 1 BR, 1 Bath Loft – $1,295 / month – CLICK HERE
• 36 Wolfpit # D1 – 1 BR, 1 Bath Studio – $895 / month – CLICK HERE

We expect lots of interest on all three of these Norwalk rentals given their listed prices.  For more information about each particular place, click the links to the listings above.

For more information about Norwalk apartments for rent, visit www.NorwalkRealEstateTodd.com or check us out on Facebook at www.Facebook.com/NorwalkRealEstate

 

 

1 Thames St., a single family house in Norwalk, just sold yesterday for $205,000.

This 3 BR, 1 bath home has TONS of potential, and the new owner looks forward to bringing that potential to fruition.  The home features hardwood floors, a large back deck, a 3 season porch, stainless steel appliances in the kitchen, and a detached 1-car garage.

For more information about this particular Norwalk house for sale, CLICK HERE.

For more information on Norwalk real estate, visit www.NorwalkRealEstateTodd.com or check us out on Facebook at www.Facebook.com/NorwalkRealEstate

 

The Yale New Haven Children’s Hospital is opening a pediatric specialty center in Norwalk on Belden Ave, at the site of the former Virgin Atlantic offices.

The center will offer strictly out-patient services.  The new tenant is welcome to a building that has been mostly vacant for a few years.

To read the entire article from the Norwalk Hour, CLICK HERE.

For more info about Norwalk Real Estate, visit www.NorwalkRealEstateTodd.com

 

If you frequent downtown South Norwalk, expect to see some changes starting in about 6 months.

The Norwalk Zoning Commission just approved a new building to be built on Washington St. in SoNo that will house 52 apartments and provide 90 parking spaces.  Where will they be able to fit that?  Directly next to The Gingerman, where a parking lot is presently located at 99 Washington St.

The 52 unit building is another in a line of planned development in Norwalk.  There are multiple approved developments in Norwalk, but many of them have been slow to actually develop.  Waypointe, located on West Ave, could possible be the most active job site at the moment.  After a slowdown due to discovery of asbestos, that project looks to be up and moving again.

Norwalk residents are mostly optimistic about the new developments, but want to see these developers actually deliver on their proposals.  If just half of the proposed developments in Norwalk come to fruition in the next 1-2 years, there will be some very noticeable changes.

For more information on the new 52 unit apartment building, CLICK HERE.

For information on Norwalk real estate, or to ask Todd any questions, visit www.NorwalkRealEstateTodd.com

 

25 Chestnut St. # 3I, a 2 BR apartment for rent in SoNo, was just listed for $1,450 per month!

This 2 BR, 1 Bath condo features hardwood floors, a private porch for grilling, and a 30 second walk to the South Norwalk train station!  All of the attractions of South Norwalk are also just a short walk away.  For more information about this specific SoNo rental, CLICK HERE.

For more information about Norwalk and SoNo rentals, visit www.NorwalkRealEstateTodd.com and send Todd a message!