Zillow: Empty-Nest Homes Won’t Solve CT Housing Issues
As struggles with a lack of supply and rising prices continue, empty-nest homes won’t solve these issues, a new report argues.
Key Bank Promotes Wealth Advisor to Key Family Wealth Division
Key Bank has promoted John M. Jezowski to the expanded role of senior family wealth strategist for the New England region.
Guilford Savings and Eastern Connecticut Savings Announce Merger
The merger was approved unanimously by both boards and will create a bank with $1.4 billion in combined assets and 25,000 clients.
As NAR Punts on Clear Cooperation, Local Brokers Split Over Policy
Fractures in the residential real estate industry over a policy that’s supposed to curb so-called “pocket listings” are raising the possibility of another huge shift in how homes are bought and sold.
Citizens Bank Building Out Consumer Banking Team
Citizens recently added to its consumer banking team with one hire and two promotions from within.
Mortgage Customer Satisfaction Declines
J.D. Power credits lenders trimming their staff in the reduction of quality customer service.
Winter Best Time For New England Homebuyers to Purchase Home
Homebuyers in New England looking to get the best deal on their new home should do so during the chilliest time of the year.
Stamford, Hartford Have Most Office Distress in Nation
Two Connecticut markets have some of the highest shares of distressed commercial loans in the nation according to a new report.
Buyers Want More Sustainable Homes, Zillow Report Says
Is it just the run of bad hurricanes in the news? Either way, interest in climate resiliency features is jumping.
Savings Bank of Danbury Completes Rebranding to Ives Bank
After 175 years, Savings Bank of Danbury has completed its rebranding and is officially now Ives Bank.
Harvard Researchers Say Immigrants Not to Blame for Home Price Spikes
While immigration has been used as a talking point by some politicians when discussing the United States housing market, research from the Joint Center for Housing Studies at Harvard University shows that price growth predates a recent surge in immigration.
NAR Profile of Home Buyers and Sellers Illustrates Affordability Issues
The number of first-time homebuyers dropped to the lowest historical share since NAR data collection began in 1981.
CT Metros See Home Ownership Rate Outpace Renter Rate
While across the country the number of renters is outpacing the number of homeowners two of Connecticut’s biggest housing markets are headed in a different direction.
CT Fall Housing Market Saw No Inventory Relief
Entering its slow season, the housing market in Connecticut continues to struggle with affordability and a lack of inventory.
Small Biz Customers Increasingly Satisfied with Bank Service
Small business banking customers are increasingly satisfied with the service they are receiving from banks and are confident that banks can meet their future needs.
NBT Bank Sees Income and Deposit Growth in Third Quarter
NBT Bank made both deposit and income gains in the third quarter of 2024, partially a result of the acquisition of Western Massachusetts’ Salisbury Bank.
FHLB Boston Earnings Show Asset Increase as Bank Launches New Rate Product
While interest rate shifts saw income decrease, the Federal Home Loan Bank of Boston saw its assets increase in the third quarter of 2024.
Berkshire Bank Sees Gains in Third Quarter
The third quarter of 2024 was a successful one for Berkshire Bank as its net income increased $18 million year-over-year.
CT Homebuyers Making Increasingly Big Down Payments
Connecticut homebuyers are putting more and more down when purchasing a home, at a time when their peers nationwide are putting down less.
Data Shows Hispanic Home Value Gap Decreases in CT
One of the biggest drivers of the white-Hispanic racial wealth gap, the home value gap between homeowners of both ethnicities, still exists but the gap is narrowing.
