National housing inventory rose 3.3 percent year-over-year, driven almost entirely by a 13.3 percent increase in premium homes. However, starter home inventory plummeted, hitting its lowest level in at least six years, and amid a 9.6 percent year-over-year increase in median list price.
The board of directors of the Connecticut Association of Realtors (CTR) voted on March 15 to put the full support of the association behind the recently released report from the state’s Commission on Fiscal Stability and Economic Growth.
U.S. homeowners with mortgages – which account for roughly 63 percent of all properties, according to a 2016 American Community Survey – saw their equity increase 12.2 percent year over year in the fourth quarter of 2017. This represents a gain of $908.4 billion since the fourth quarter of 2016.
The years of historically affordable mortgage rates look to be ending as rates have steadily increased in recent months and show no signs of turning back, according to data released today by Zillow.
Nationally, 5.3 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in December 2017, according to CoreLogic, a global property information provider. This represents no change in the overall delinquency rate compared with December 2016, when it was also 5.3 percent.
Proposed reforms to the government-sponsored enterprises (GSEs) that guarantee the majority of U.S. home loans could drive up monthly housing costs and diminish housing affordability for many Americans, according to Zillow.
After a long career in marketing for companies that included Apple, Hewlett Packard and Xerox, Joe Scozzafava turned his talents to real estate.
Homeowners insurance in Connecticut is cheaper than the national average according to analysis released yesterday by Insurance.com.
Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 23, 2018. This week’s results include an adjustment for the Washington’s Birthday (Presidents’ Day) holiday.
Financial services holding company Ocwen Financial Corp. will acquire mortgage origination and servicing platform PHH Corp. for approximately $360 million in cash in a deal expected to close later this year.
Former film producer Harvey Weinstein, who stands accused of sexual assault and harassment by more than 60 women, sold the last two of his properties in Westport this month for a total of $16 million.
Connecticut ranked No. 24 overall and No. 4 in health care in this year’s U.S. News & World Report’s annual ranking of U.S. states.
The co-founder of RE/MAX violated the company’s ethics code by loaning millions of dollars to the company’s then-COO, according to the results of an internal investigation by a special committee consisting of independent directors.
It may be that 2017 is best remembered as the year the real estate recovery finally got a foothold in Connecticut.
Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 16, 2018.
Joe Amoroso left the mortgage business after 28 years to co-found Indeed Abstract, a title insurance, settlement services and default management company.
The Consumer Financial Protection Bureau yesterday released its five-year strategic plan, marking a change in enforcement strategy and laying out its mission and strategic objectives under the new administration.
Mortgage delinquencies across the country and in Connecticut dropped again in November, to some of the lowest rates in a decade.
The second largest brokerage firm in the ERA network, HUNT Real Estate ERA, has merged with ERA Key Realty Services, which also ranks in the top 10, significantly expanding the reach of the combined companies.
Zillow Group Inc. posted record earnings of nearly $1.1 billion in 2017 and projects revenue in excess of $1.3 billion in 2018.
