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It’s Not All Bad for Buyers

by Lew Sichelman | Jul 3, 2025 | CR Daily, Industry News, Opinion, Residential Real Estate

Now might not be the best time to buy a house. But if you are a member of the must-buy group, fear not: the inventory of houses for sale hasn’t been this large since 2019.

Balancing Physical and Digital

Balancing Physical and Digital

by Sam Minton | Jul 3, 2025 | Commercial & Industrial, CR Daily, Industry News

At Stamford-based First Country Bank, it’s Karen Kelly’s job to help the community bank stay abreast of consumers’ changing digital demands.

As Trump Ramps Up Attacks, Fed Chair Refuses to Change Course

As Trump Ramps Up Attacks, Fed Chair Refuses to Change Course

by The Associated Press | Jul 2, 2025 | Banking & Lending, CR Daily, Industry News

Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs.

Two Small CT CUs OK’d to Merge

Two Small CT CUs OK’d to Merge

by The Commercial Record | Jul 2, 2025 | Banking & Lending, CR Daily, Industry News

Skyline Financial Federal Credit Union and Curtis Federal Credit Union announced the successful completion of their merger, effective June 30.

Hartford Buyers Need $16K Raise to Afford Down Payment

Hartford Buyers Need $16K Raise to Afford Down Payment

by James Sanna | Jul 1, 2025 | CR Daily, Industry News, Residential Real Estate

Greater Hartford homebuyers will likely need a raise if they want to buy a home – even if they’re so-called “move-up” buyers putting 20 percent down.

Webster Bank Names New Chief Risk Officer

Webster Bank Names New Chief Risk Officer

by James Sanna | Jul 1, 2025 | Banking & Lending, CR Daily, Industry News

Stamford-based Webster Bank announced a new chief risk officer to replace retiring CRO Daniel Bley.

Gloomy Americans Cut Back on Spending as Inflation Ticks Higher

Gloomy Americans Cut Back on Spending as Inflation Ticks Higher

by The Associated Press | Jun 30, 2025 | Banking & Lending, CR Daily, Industry News

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month.

Developer Plans Norwalk Waterfront Transformation

Developer Plans Norwalk Waterfront Transformation

by James Sanna | Jun 30, 2025 | Commercial & Industrial, CR Daily, Industry News

Norwalk-based Spinnaker Real Estate Partners has filed plans with officials in its home city for a waterfront project befitting its nautical name.

Big CT Apartment Portfolio Fetches $121M

Big CT Apartment Portfolio Fetches $121M

by James Sanna | Jun 27, 2025 | Commercial & Industrial, CR Daily, Industry News

Four Connecticut apartment complexes totaling almost 700 units have traded hands.

Fannie, Freddie Ordered to Consider Crypto as Asset When Underwriting Mortgages

Fannie, Freddie Ordered to Consider Crypto as Asset When Underwriting Mortgages

by The Associated Press | Jun 27, 2025 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.

Americans Sour on U.S. Economy – and Tariff Anxiety Remains Top Culprit

Americans Sour on U.S. Economy – and Tariff Anxiety Remains Top Culprit

by The Associated Press | Jun 26, 2025 | Banking & Lending, CR Daily, Industry News

Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.

Lamont Picks 470-Unit, Two-Tower Proposal for New Haven Site

Lamont Picks 470-Unit, Two-Tower Proposal for New Haven Site

by James Sanna | Jun 26, 2025 | Commercial & Industrial, CR Daily, Industry News

The development arm of a Providence, Rhode Island-based construction giant emerged Tuesday as the winning bidder to develop a large site next to a busy New Haven train station.

Developer Wants to Turn Trumbull Offices into Senior Housing

Developer Wants to Turn Trumbull Offices into Senior Housing

by James Sanna | Jun 24, 2025 | Commercial & Industrial, CR Daily, Industry News

A 43,870-square foot building at the back of a Trumbull office park could get a new neighbor in the form of senior housing.

New Haven OK Plan to Swap Hotel Plan for Apartments

New Haven OK Plan to Swap Hotel Plan for Apartments

by James Sanna | Jun 23, 2025 | Commercial & Industrial, CR Daily, Industry News

A long-gestating proposal to turn a New Haven hotel near Interstate 95 into housing has finally received city approval.

First County Bank Names Two New Corporators

by The Commercial Record | Jun 20, 2025 | Banking & Lending, CR Daily, Industry News, People

Stamford-based First County Bank welcomed two new corporators to its board earlier this week.

Hyper-Local Approach Drives Brokerage Strategy

Hyper-Local Approach Drives Brokerage Strategy

by Steve Adams | Jun 19, 2025 | Commercial & Industrial, Industry News

Will Suarez spent the bulk of his career in advertising and sales before making the move into commercial real estate in 2012. Now a principal at Avison Young’s Fairfield County office, Suarez puts his powers of persuasion to work expanding the brokerage’s local investment sales volume.

Hartford Architects Name New President

Hartford Architects Name New President

by Steve Adams | Jun 18, 2025 | Commercial & Industrial, CR Daily, Executive Briefing

A Hartford architecture firm that specializes in hospitality, civic and education projects announced a leadership transition including the appointment of a new president.

CT Bucks Trend of Flipped Home Profit Decline

by The Commercial Record | Jun 18, 2025 | CR Daily, Industry News, Residential Real Estate

Data analytics firm Attom released its first quarter home flipping report, finding that profits from flipped sales are down compared to last year.

Consumer Sentiment Rises for 1st Time This Year as Inflation Remains Tame

by The Commercial Record | Jun 17, 2025 | CR Daily, Industry News

Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China.

Inventory Growth Leads to Increased Price Cuts

by Sam Minton | Jun 16, 2025 | CR Daily, Industry News, Residential Real Estate

While the residential real estate market has largely been tipped in the favor of home sellers, increased inventory is leading to more price cuts.

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