Interest Rates Could Drive CT Bank M&A Rebound
While bank and credit union merger and acquisition activity has been on the decline, interest rate cuts and pent-up demand could see a surge of activity in the latter half of 2024 and into 2025.
Moderate Uptick in Remodeling Spending Predicted for 2025
After recent pullbacks on home remodeling, the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University is predicting that remodeling spending will increase in 2025.
Hartford Beginning to See Effects of Mortgage Rate Drops
With the Federal Reserve cutting its benchmark interest rate in September, the lower interest rates appear to have driven some increased market activity in Greater Hartford.
Fairfield County Home Flippers See Over $120K in Gross Profits
Local home flippers are out-earning their peers in other parts of the country, but their raw profits represent a much smaller share of their projects’ final sale prices.
New Haven a Top Market for Real Estate Investors
While New Haven earned a top spot in a recent analysis from Realtor.com of the top markets for residential real estate investors, Greater Boston failed to crack the top 20.
C&I Market Demand Remains Low. Interest Rate Cuts Could Change That
The commercial and industrial market has seen a relative lack of demand but with interest rate cuts, CT bankers say more activity could be on the horizon.
Out-of-State Lenders Gain Ground in CT CRE Lending
Commercial real estate lending has proven to be a source of rapid growth for two large out-of-state banks determined to make inroads in Connecticut.
As Rates Decrease, Mortgage Refinancing Surges
With interest rates and mortgage rates on the decline, mortgage refinancing activity has spiked.
Renting Is Suddenly More Expensive than Buying in Hartford
According to a new Zillow analysis, a monthly mortgage payment is now less expensive than rent in 22 of the 50 largest U.S. metros.
CT Lender Settles with Bank Regulators
Fieldpoint Private Bank & Trust has entered a settlement agreement with the Federal Reserve Bank of New York and the Connecticut Department of Banking.
Housing Inventory Issues Persist in Connecticut as Fall Selling Season Opens
With Labor Day in the rearview mirror, the prices of homes and a lack of inventory continue to plague the state’s residential real estate market.
Northeast Region Remains Strong Sellers Market, Homebuyers Still Pessimistic
While the Northeast region remains a strong market for sellers, the overall sentiment of homebuyers remains skeptical even with the potential for lower interest rates.
As Connecticut Deals with Floods, Homeowners’ Costs Also Rising
The recent flooding across large parts of Connecticut highlights how costly natural disasters can be, but banks say adequate measures are in place to protect against risk.
As Fed Telegraphs Rate Cut, Hartford Home Values Growing
While home values continue to tick upward, homes in Hartford are experiencing the highest growth in the country.
With NIL Deal, PeoplesBank Aims to Boost Its CT Brand
PeoplesBank is continuing to invest in growing its Connecticut presence with a new, multifaceted, multiyear partnership with the prominent Storrs Central sports news site for passionate UConn athletics fans.
Mortgage Servicers’ Digital Tools Driving Satisfaction
Homeowners are increasingly satisfied with mortgage servicers according to a recent study from J.D. Power, a positive sign as interest rates begin to fall.
Rate Locks Ticking Up As Mortgage Rates Fall
As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years.
Connecticut Has Nation’s Fastest-Growing Home Values
According to a new report, three Connecticut metros are among the fastest-growing in the country.
Survey Finds Homebuyers Will Compromise on Safety, Natural Disasters
With costs continuing to rise, prospective homebuyers are making sacrifices to achieve home ownership.
As Potential Rate Cuts Loom, Banks’ Waiting Game Begins
An end to successive quarters of profit margin compression at local banks could be near, thanks to an expected interest rate cut that opens the door to reduced deposit expenses.
