Wellstone Estates

Open House this Sunday, 12-3pm

2009-07-25T14:00:00.000-04:00

Open House this Sunday 12-3pm

2009-07-09T15:19:00.000-04:00

Come and see the Kitchen updates!

ABC News Article: The New Normal - Smaller Homes

2009-06-25T22:51:00.000-04:00

The homes at Wellstone Estates are being built with the budget-conscious family in mind. And as Viking Development has been doing for years, developers around the country are now responding to buyers’ changing needs by building smaller, more affordable and more energy efficient homes

http://abclocal.go.com/wtvg/story?section=news/consumer&id=6880391

Open House this Sunday 12-3pm

2009-06-23T11:02:00.001-04:00

There will be an Open House this Sunday from 12-3pm at Lot 2 Barn Hill Lane.

Open House this Sunday 1-3pm

2009-06-17T11:35:00.002-04:00

There will be an open house this Sunday (Father's Day) from 1-3pm.

Come see all of the new updates!

Lot 2 - Updates

2009-06-10T12:19:00.003-04:00

An update on Lot 2, Barn Hill Lane:

Completed
1. Hardwood installation
2. Trim installation
3. Front landscaping
4. Kitchen cabinet installation
5. Interior painting

Projects underway
1. The front walkway is being installed
2. The tile for the bathrooms, laundry room, and mudroom have been ordered

REUTERS: U.S. Jobless Claims Fall

2009-06-04T11:25:00.002-04:00

The latest news suggests that the recession is losing force. A good sign for the hosuing market.
The full article can be found at: http://www.reuters.com/article/ousiv/idUSTRE5523K920090604

BUSINESS WEEK Article: Northeast home sales are poised for a big spring bounce

2009-06-02T14:44:00.001-04:00

An interesting article from BUSINESS WEEK regarding the direction of home sales:

http://www.businessweek.com/the_thread/hotproperty/archives/2009/06/northeast_home.html

Shopping in Seymour

2009-05-30T23:25:00.002-04:00

Here is a site I came across today that features the shops in downtown Seymour: http://shopsatseymour.com/

Open House this Sunday 1-4pm

2009-05-27T00:33:00.001-04:00

Open house this Sunday from 1-4pm at Lot 2, Barn Hill Lane.

Lot 2 - Updates

2009-05-05T12:53:00.002-04:00

The trim and fireplace have been installed.

The hardwood flooring and interior painting are currently underway.

Drop in new U.S home inventories offers hope

2009-04-24T12:57:00.001-04:00

New housing data: http://uk.reuters.com/article/economyNews/idUKN2441697520090424

Drop in new U.S. home inventories offers hope
Fri Apr 24, 2009 5:48pm BST
By Lisa Lambert

WASHINGTON (Reuters) - The inventory of new U.S. homes for sale at the end of the March plummeted at a record pace, government data showed on Friday, bringing a glimmer of hope of improvement in the housing market even as data on durable goods sales showed weakness in the economy as a whole.
"Housing is probably forming a bottom, because even the supply of homes, the inventories, declined," said Asha Bangalore, an economist with Northern Trust in Chicago. "I think the housing market is stabilizing."
The stock of new homes shrank to 311,000 from 328,000 in February. That left the supply of homes available for sale at 10.7 months' worth, compared to February's 11.2 months.
The Commerce Department said the monthly change in inventories, of 5.2 percent, was the largest drop in more than 45 years and the year-on-year plunge of 33.7 percent was the largest on record.
Builders appear to be burning through their supply and holding off on adding to their stocks. A separate Commerce Department report on Friday showed that applications for permits to build new homes dropped 8.5 percent in March from February and were off 44.6 percent from March 2008.
Sales of new homes dropped 0.6 percent in March, according to the Commerce Department, but February sales were much stronger than originally thought, with the report showing they rose 8.2 percent, compared to the 4.7 percent gain previously registered.
"What we are seeing on a moving average basis is a gradual improvement from very low numbers in new home sales," said Kurt Karl, chief U.S. economist for Swiss Re in New York. "It's not taking off like a rocket, but it's not looking to be heading south either."
U.S. equity indexes extended their gains after the report was released, while U.S. Treasury debt prices fell.
The March drop brought home sales to a 356,000 annual pace. Analysts polled by Reuters had forecast sales at 340,000.
The median sales price for a new home fell to $201,400 from $208,700 in February. The average price, however, rose slightly to $258,000 from $255,100.
Still, a separate report on new orders for long-lasting manufactured goods in March showed the recession that has ground on for more than a year in the United States may not yet be abating.
"It confirms that conditions in the economy remain weak, the economy is still contracting, but it suggests it's doing so at a slower pace, which is something that we have seen from a number of indicators," said Anna Piretti, senior economist at BNP Paribas in New York.
According to the Commerce Department, U.S. durables goods orders fell 0.8 percent, which was much slimmer than the 1.5 percent drop analysts polled by Reuters were expecting.
Orders have now fallen for seven months out of the last eight, the Commerce Department said. The sole rise in that period, in February, was revised to 2.1 percent from the 3.5 percent previously reported.
Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, gained 1.5 percent in March after rising 4.3 percent in February.
Transportation equipment orders experienced the largest drop in March, the Commerce Department said, falling 1.4 percent to $37.9 billion. That category has now dropped for five of the last six months.
Jack Bauer, a senior economist at Manning & Napier in Rochester, New York, said the key to economic recovery would not be found in orders for manufactured goods.
"You want to see the financial sector stabilize," he said. "That is the first thing you would need to see the economy improve."
(additional reporting by John Parry and Herb Lash in New York)

Open House this Sunday - April 26

2009-04-21T13:44:00.001-04:00

Lot 2 - New Photos

2009-04-21T13:42:00.002-04:00

New photos have been taken of Lot 2: http://www.vizzochoate.com/wellstone/images/portfolio/lot2/april/index.htm

Lot 2 - Updates

2009-04-21T13:41:00.002-04:00

Shutters have been added
Sheetrock is complete
Garage door has been installed
This week the interior trim is being installed

Lot 2 - Sheetrock, Cabinets, and Garage Door

2009-03-31T13:13:00.002-04:00

Sheetrock will be started this week and the cabinets are being ordered as well.

The garage door has been ordered and will be installed next week.

FAQ Link - $8,000 Tax Credit

2009-03-27T14:06:00.003-04:00

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Here is a FAQ link with regard to the credit: http://www.federalhousingtaxcredit.com/2009/faq.php

Lot 2 - Electrical Installed

2009-03-18T15:52:00.000-04:00

The rough electrical and the rough plumbing is complete on Lot 2.

The insulation will go in shortly.

Chatfield School

2009-03-16T10:59:00.002-04:00

Panel Picks Architect for Renovations of Chatfield Elementary School

http://www.connpost.com/ci_11882788?IADID=Search-www.connpost.com-www.connpost.com

Lot 2 Sided

2009-02-26T14:52:00.004-05:00

Lot has been sided and we've posted new photos.

http://www.vizzochoate.com/wellstone/images/subdivision/lot2/22409/index.htm

Lot 2 Framed

2009-02-09T11:20:00.000-05:00

The house on Lot 2 has been framed and the roof is currently being installed. The siding is expected to be added on Thursday.

Reduction on Lots 1, 29,30

2009-01-23T10:57:00.000-05:00

Lots 1, 29, and 30 have been reduced to $149,900.

Lot2 Update

2009-01-16T18:21:00.000-05:00

The foundation for Lot 2 has been poured and framing started last week.

Panoramics

2008-12-23T11:25:00.000-05:00

View the new panoramics at the following link: http://www.vizzochoate.com/wellstone/images/pan/index.htm

Lot 4 - SOLD

2008-11-22T01:18:00.000-05:00

Lot 4 has sold and closed last week. :)