Market Employment Focus: Fairfield County in Connecticut

Fairfield County, CT

Fairfield County, CT

Located in the southwestern corner of the state, Fairfield County is the most populated in the state at 916,829 people according to the 2010 Census.  In fact, four of the State’s largest cities (Bridgeport, Stamford, Norwalk, and Danbury) are located in Fairfield County; and combined are home to almost half the county’s population.  The county is also one of the most affluent in the U.S., with the bulk of the wealth located on the “Gold Coast” from Greenwich to Fairfield.  Contrarily, the county also includes lower-middle and working class cities, such as Bridgeport, Danbury, and Norwalk.

There are no county governments throughout the state of Connecticut.  Instead, the individual cities/towns (or combined neighboring towns) are responsible for all local government functions, such as fire/safety, schools, and city services. Read More »

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EuRA International Relocation Congress 2011

Palma de Mallorca, from April 13-15, was the site of the 2011 EuRA International Relocation Congress. EuRA, the European Relocation Association, was founded in 1998 to bring together relocation professionals from all over Europe. Over the years, EuRA has grown in membership to more than 550 members from all over the globe, not just Europe. To quote from their Aims and Objectives, EuRA strives to “promote the concept of relocation, and to promote the highest levels of professionalism and service.” For a company that offers destination services, like Dwellworks, those objectives ring true. EuRA is able to achieve its objectives by offering accreditation and certification opportunities to its members. The EuRA Quality Seal is the world’s first accreditation program strictly for relocation providers. Individual accreditation, CERP (Certified European Relocation Professional) is also part of EuRA’s commitment to excellence in service provision. Dwellworks is proud to have been awarded the EuRA Quality Seal, and several Dwellworks associates hold the CERP certification.

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Dwell On It: Rent vs. Own in 2011

This report compares data comparing Trulia’s Rent vs. Buy Index and Zillow’s market data for 2011. While Trulia favors home purchasing, Zillow cautions against the falling housing market. 

You can read the data here: Rent vs. Own

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Atlanta-Sandy Springs-Marietta, GA metropolitan statistical area

Sandy Springs is a part of the Atlanta-Sandy Springs-Marietta, GA metropolitan statistical area. The city is home
to roughly 95,000 and is located directly north of downtown Atlanta. Sandy Springs houses more Fortune 500
companies than downtown Atlanta; large employers include UPS, Newell Rubbermaid, AT&T Mobility, Spectrum
Brands, IBM Internet Security Systems and Porsche Cars North America.

The population grew by roughly 10% over the past decade and median family income levels are now average
over $130,000 per household. The Bureau of Labor Statistics reports an unemployment rate of 9.8% as of March
2011; this is down 0.3 percentage points from the level experienced the year prior. The 9.8% unemployment rate
in the area is above the national average of 9.2%.

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Renters finding landlords have upper hand in this market (The Seattle Times)

As vacancy rates dip below 5 percent, landlords are not only raising rents, but they are offering fewer concessions, such as short-term and long-term leases.

By Elizabeth M. Economou

Special to The Seattle Times

Angi Ramos and her former college roommate Laura Waltner have been looking for months for a place to call “home.”

They’ve been trawling websites and have inspected a half-dozen units.

They’d prefer a newer building in Capitol Hill or Queen Anne — vibrant neighborhoods with lots of young people, restaurants and nightlife. Their search so far for a two-bedroom apartment under $1,500 a month has yielded only slim pickings.

“One unit had a great common area,” says Ramos, “but the washing machine was in the kitchen and the dryer was in one of the bedrooms.”

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Dwellworks Launches PreservTrac: a National Maintenance and Repair Competitive Bidding System for Inventoried Properties

Dwellworks, LLC announces the addition of PreservTrac, a new real-time bidding system for Inventory Maintenance and Property Management.  The system obtains the best value solution for maintenance and repairs of homes in property and inventory management via real-time bidding by insured and licensed contractors.

The new web-based system offers custom reporting, real-time status updates and work order placement with instant messaging to not only contractors and field crews, but also the client.  “We are excited to provide this complete solution for our clients,” stated Bob Rosing, CEO of Dwellworks.  “This system brings true repair and maintenance continuity to property and inventory management on a national basis.”

James Conigliaro, Senior VP of Operations for Dwellworks noted: “The development of this system allows us to bring our metrics-driven approach to this under-served segment of the relocation supply chain.   Dwellworks brings process controls and discipline to repair and maintenance services.  This enables relocation professionals and listing agents to focus on these critical aspects of the home sale process.”

An experienced contractor is on staff to qualify service providers and act as a resource to ensure a smooth and effective repair process.  Dwellworks plans to offer the service solution to its clients by late May.

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What to Do if Damage Occurs to the Home You are Renting?

Due to the recent severe weather in several parts of the United States, here is a reminder of what to do if your property has been damaged.

• Call your landlord to inform him/her of the damage
• If any of your personal items are damaged, call your insurance company or agent with your policy number and other relevant information as soon as possible. Cooperate fully with the insurance company.
• Take photographs/video of the damage.
• Take the necessary actions to prevent further damage to the property (i.e., cover broken windows, leaking roofs and damaged walls). Do not have permanent repairs made.  The landlord will work with his/her insurance company to inspect the property and reach an agreement on the cost of repairs.

Read More »

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Dwellworks Launches PreservTrac: a National Maintenance and Repair Competitive Bidding System for Inventoried Properties

Dwellworks, LLC announces the addition of PreservTrac, a new real-time bidding system for Inventory Maintenance and Property Management. The system obtains the best value solution for maintenance and repairs of homes in property and inventory management via real-time bidding by insured and licensed contractors.

The new web-based system offers custom reporting, real-time status updates and work order placement with instant messaging to not only contractors and field crews, but also the client. “We are excited to provide this complete solution for our clients,” stated Bob Rosing, CEO of Dwellworks. “This system brings true repair and maintenance continuity to property and inventory management on a national basis.”

James Conigliaro, Senior VP of Operations for Dwellworks noted: “The development of this system allows us to bring our metrics-driven approach to this under-served segment of the relocation supply chain. Dwellworks brings process controls and discipline to repair and maintenance services. This enables relocation professionals and listing agents to focus on these critical aspects of the home sale process.”

An experienced contractor is on staff to qualify service providers and act as a resource to ensure a smooth and effective repair process. Dwellworks plans to offer the service solution to its clients by late May.

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Vacant Relocation Properties? Local Registration May Be Required

The real estate headlines over the past few years have been marked with the downturn in the American real estate market and the increasing rate of foreclosure activity.  RealtyTrac’s Foreclosure Market Report from February 2011 (http://www.realtytrac.com) noted that 1 in every 577 housing units received a foreclosure filing that month.  The magnitude of foreclosure activity is truly hard to grasp as communities across the United States are witnessing this phenomenon firsthand in the form of vacant properties as homeowners are evicted or simply walk away from their properties.  

With the growing inventory of vacant homes, communities are struggling with safety concerns, financial ramifications, social stigma and the negative impact on property values in the neighborhoods where vacant properties prevail.  The fact that many communities are unable to contact or even identify the responsible parties to maintain vacant properties just adds to the struggle.  The end result is a continuous drain on community resources.

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April Appraisers of the Week

As part of our ongoing recognition of mortgage and relocation appraisers who deliver exceptional services to Dwellworks and our clients, we issued Dwellworks Team Awards in April to the following appraisers:

Relocation:

4.4 – Nanci Peaks of Peaks & Associates, LLC in Gulfport, MS

4.11 – Hugh Kelley of Wellesley, MA

4.18 – Pinnacle Appraisal Services of Naperville, IL

4.25 – Steve Bulson of Appraisal Associates in Kalamazoo, MI and John Rue of Acura Valuation in St. Joseph, MI

Mortgage:

4.4 – Florida Appraisal Services in Miami, FL

4.11 – Marjorie Menard of HomeSmart Appraisers in Charlotte, NC

4.18 – North Country Appraisers of Rochester, NH

4.25 – Lynsley Roberts of Roberts Appraisal Company in Franklin, TN

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