It takes some doing to find good news in the Connecticut real estate market. While the year isn’t over, it looks like the number of sales will end down for the year, though the statewide median sale price will likely be up slightly – and there are reasons to think next year will see continued improvement.
The 2017 economic growth forecast increased one-tenth from the prior forecast to 2.5 percent due to the government’s upgraded third quarter GDP growth estimate and an expected solid fourth quarter finish, according to the Fannie Mae Economic & Strategic Research Group’s December 2017 Economic and Housing Outlook.
The median down payment for single-family homes and condos purchased with financing in the third quarter rose to a record high, according to a new report.
After working for several years in the grocery business with an eye toward eventually owning his own store, Dan Keune decided to give his parents’ business a try three decades ago and never left.
Next year’s housing market is will largely be defined by continued demand for homeownership, tax reform’s effect on affordability and low inventory, according to Redfin’s predictions for 2018.
The number of first-time home buyers has declined in 2017 and so has the percentage of their down payments, according to the December 2017 Down Payment Report. More buyers reported carrying more Student Loan debt as well.
In its annual diversity report, Redfin reports having made a slight gain in gender diversity and modest gains in racial diversity in 2017. The company said successful pilot programs designed to increase diversity will be rolled out company-wide next year and are expected to hasten the pace of increasing diversity.
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.6 points in November to 87.8, once again nearing its all-time high from September, according to Fannie Mae.
Housing experts are increasing their expectations for home price appreciation as rising prices show no signs of slowing, according to Zillow.
The Commercial Mortgage delinquency rate declined 26 basis points to 2.68 percent in October for the fourth consecutive month of declined, according to a new report from Morningstar Credit Ratings LLC. The unpaid balance of commercial mortgages fell 4.5 percent and securitized mortgages rose above $800 million for the first time since 2009.
Location counts for a lot in real estate and while the statewide market continues to improve incrementally, some counties are doing much better than others. The counties in the corners of the Nutmeg State show the range of diversity it contains.
The median down payment this year represented 10 percent of all buyers, and fell from 6 percent to 5 percent for first-time buyers.
Edite Calabrese was coaxed out of interior design school by a career in real estate, first at a conventional, international company before becoming a broker and franchise owner and eventually broker-owner of her own, independent shop.
Home prices are up strongly both year-over-year and month-over-month according to the September 2017 Home Price Index released today by CoreLogic.
The National Association of Realtors (NAR) came out strongly against the House of Representatives proposal to overhaul the tax code yesterday.
The CEO of the Mortgage Bankers Association joined the chorus of government and industry leaders calling for comprehensive GSE reform in testimony before the House Financial Services Committee Subcommittee on Housing and Insurance yesterday.
All 230 of Greenwich’s Town Meeting seats are up for election on Tuesday, Nov. 7, and local real estate agent/blogger Christopher Fountain is urging his readers not to vote for any female candidates.
NRT New England has acquired the assets of Goodfellow Real Estate, a full-service commercial real estate brokerage company based in Danbury.
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2017.
The average mortgage interest rate moved up 6 basis points to 3.94 percent, the highest it has been since July of this year, according to the Federal Home Loan Mortgage Corporation (Freddie Mac).
