Real estate in brief

Aug.August 28, 2009 03:19 PM

Connecticut home sales rise for first time in two years

Single-family home sales in Connecticut rose 4 percent in July, marking the first time monthly sales year-over-year have increased since 2007, according to a report the Warren Group released yesterday. While the median price of a home dropped 11.7 percent since last July, Warren Group CEO Timothy Warren said the uptick in the number of homes sold is a marked improvement. “This is a significant pick-up for the housing market in Connecticut, where sales have slumped for months. The last time there was even a slight increase in monthly sales year-over-year was July 2007,” Warren said.

DOB inspectors to be tracked with GPS

The New York City Department of Buildings will begin tracking its
inspectors using global-positioning system software, according to a
press release the department sent out today. In the release, DOB
commissioner Robert LiMandri said that the GPS will keep
tabs on inspectors’ day-to-day progress. “This new GPS-tracking system
is a simple, innovative way to ensure inspectors reach their assigned
locations and are held accountable for their important work,” LiMandri
said in the release. The DOB estimates that it will be able to
completely install the software by the end of September. The program
will track all 379 inspectors in the department, including
construction, elevator and electrical monitors.

Franzese Group relocates office, launches commercial division

Residential real estate agency the Franzese Group, a branch of Weichert Realtors, is relocating its Brooklyn office to 1524 86th Street in Brooklyn’s Dyker Heights neighborhood, from its current location down the street at 1707 86th Street. In a press release sent today, the Franzese Group said that it’s relocating in response to its rapidly burgeoning clientele. According to the release, broker ranks have quadrupled since the firm became a Weichert franchise. The office also plans to expand its services, launching a commercial division headed by Vincent Blandino.

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