William Pitt Sotheby’s Names New Brokerage Manager
William Pitt Sotheby’s International Realty announced Thursday that it was naming a leader from rival brokerages to head its New Haven-area offices.
Inflation, Wage Anxiety Jumps as Spring Market Begins
Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.
Presidential Plans Raise Anxiety in Housing Sector
In the market for a newly constructed house? You might want to hurry. Soon, new homes are likely to cost more and take longer to build.
Diverse Workforces Drive Design Changes
After studying psychology in college, Katherine Berger pursued architecture as a career but never lost her fascination with human behavior and its implications, which she now deploys as director of interior design at New Haven-based architects Svigals + Partners.
Hartford Home-Flippers See Second-Biggest ROI Decrease in 2024
Anyone who’s in the business of renovating and selling homes in the area around Connecticut’s capital city didn’t have a great year in 2024, at least compared to their peers.
CEO Out at Struggling Stamford-Based Bank After $50M Capital Raise
Patriot Bank, the Stamford-based lender that was labeled as “troubled” by financial regulators late last year, is now losing its CEO.
Convenience Store Chain Eyes Expansion in Connecticut
A chain of gas station-sited convenience stores will open its 10th Connecticut location in Rocky Hill after inking a lease at 944 Cromwell Ave.
NAR Keeps Pocket Listing Policy, Adds New Wrinkle
The National Association of Realtors’ anti-pocket listing policy is here to stay, the trade group announced Tuesday morning. But it’s got new options.
Prepping Hartford Ex-Power Plant for Housing Could Cost Up to $450M
A preliminary study of how Hartford could repurpose its old waste-to-energy plant along the Connecticut River says costs vary widely, depending on how and when it’s done, and what the goal is.
Greater Hartford Adding New Housing Far Faster than Nation
Nationally there’s a noteworthy downturn in multifamily construction. In the Hartford area, new data suggests just the opposite.
Fed Sees Tariffs Raising Inflation, But Keeps Key Rate Unchanged
Central bankers also took steps that could drive down mortgage rates as the spring housing market opens.
CT Banks Winning Bigger Slice of CRE Pie
In a year that saw banks take up a larger chunk of the commercial real estate lending pool, local and regional banks were among the top CRE lenders in Connecticut.
Northeast Homebuilder Confidence an Outlier Amid National Dip
Nationwide homebuilder confidence hit the lowest level in seven months, according to the industry’s biggest trade group. But builders in the Northeast are notably more optimistic.
‘Stagflation’ Risk Puts Fed in Tricky Spot as It Meets This Week
When Federal Reserve officials last met, hiring was solid. The economy had just grown at a solid pace in last year’s final quarter. And inflation had fallen sharply. What a difference seven weeks makes.
New England Continues to See Inventory Drop
Heading into the spring home-sales market, inventory in New England’s biggest metro areas had fallen even further behind last year.
Storrs Development Site Acquired for Big Student Housing Project
A 1.56-acre site near the main University of Connecticut campus in Storrs could soon become home to over 700 students under plans announced by a Georgia housing developer.
Cheshire Orchard Sells for $3.2M
A popular Cheshire orchard is on track to re-open following its sale to a new operator.
Developer Wants to Replace Much of Simsbury Mall with Apartments
Real estate firm Northpath Investments has filed an application with Simsbury officials to replace much of the town’s Simsbury Commons shopping center with a multifamily development.
Trump Admin Halts $1B in Funding for Affordable Housing Upgrades
The Green and Resilient Retrofit Program pays for for energy-efficiency improvements, but those are often the centerpiece of larger renovations at decaying affordable housing complexes.
Stamford-Based Mortgage Company Relocating to NYC
Tomo Mortgage, located in Stamford’s Harbor Point neighborhood, is moving just a few years after Gov. Ned Lamont touted the company’s arrival in Stamford as a sign of better times for its office sector.
