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Connecticut’s Top Home Sales: April 19-April 26

by The Commercial Record | May 9, 2024 | Industry News, Residential Real Estate

The five most expensive recent single-family and condominium sales in Connecticut.

NAR’s Yun Predicts Falling Rates, Rising Sales

by Cassidy Norton | May 8, 2024 | Banking & Lending, CR Daily, Industry News, Residential Real Estate, Westchester News

NAR Chief Economist Lawrence Yun said he expects interest rates to fall in the long term, and that home sales will rise this year and continue to increase next year.

ICE Reports Record Home Equity; 3 CT Cities in Top 7 Markets

by The Commercial Record | May 7, 2024 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

Existing homeowners continue to reap the benefits of historically strong price gains.

Redfin Agrees to Pay $9.25M to Settle Real Estate Broker Commission Lawsuits

Redfin Agrees to Pay $9.25M to Settle Real Estate Broker Commission Lawsuits

by The Associated Press | May 7, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices.

Survey: RE Agents Open to Changing Affiliations

by The Commercial Record | May 3, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

The latest report from Coldwell Banker found that 67 percent of real estate agents plan on staying with their current company this year, a significant drop from the 75 percent who said the same last year.

Federal Reserve Declines to Cut Interest Rates, Cites Continued Inflation

Federal Reserve Declines to Cut Interest Rates, Cites Continued Inflation

by Cassidy Norton | May 2, 2024 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate, Westchester News

As expected, the Federal Reserve did not reduce the benchmark lending rate at its meeting yesterday, maintaining the rate at a 23-year high.

Rejected for a Home Loan? Don’t Give Up Yet

Rejected for a Home Loan? Don’t Give Up Yet

by Lew Sichelman | May 2, 2024 | Banking & Lending, Industry News, Residential Real Estate, Westchester News

Nothing is more devastating to homebuyers than to search for months and finally find the place they want, only to be rejected by their chosen lender. But it happens to 1 in 10 applicants.

Connecticut’s Top Home Sales: April 12-April 19

by The Commercial Record | May 2, 2024 | Industry News, Residential Real Estate

The five most expensive recent single-family and condominium sales in Connecticut.

These Up-to-the-Minute Strategies Are Getting Results for Realtors

These Up-to-the-Minute Strategies Are Getting Results for Realtors

by Bernice Ross | May 2, 2024 | Industry News, Residential Real Estate, Westchester News

Agents are going from burnt-out to broke. How can you dodge this – and successfully drum up new business now that it seems clear high interest rates will be with us for a while?

Lamont in Hot Water Over Permit-less Wetlands Tree-Cutting

Lamont in Hot Water Over Permit-less Wetlands Tree-Cutting

by The Associated Press | Apr 30, 2024 | CR Daily, Industry News, Residential Real Estate

The wealthy governor, along with one of his neighbors and a neighborhood organization, have been accused of removing 186 trees in protected wetlands – property they do not own – to get a better view of a pond.

Douglas Elliman Settles Commission Lawsuits

Douglas Elliman Settles Commission Lawsuits

by James Sanna | Apr 29, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

Luxury brokerage Douglas Elliman has become the latest brokerage to join in the National Association of Realtors’ commission lawsuit settlement.

Connecticut’s Top Home Sales: April 4-April 11

by The Commercial Record | Apr 26, 2024 | Industry News, Residential Real Estate

The five most expensive recent single-family and condominium sales in Connecticut.

How to Get a One-of-a-Kind Home, The Easy Way

by Lew Sichelman | Apr 26, 2024 | CR Daily, Industry News, Opinion, Residential Real Estate, Westchester News

Even though I live in a custom-designed house, I don’t recommend designing your own place from scratch. It’s not for everyone.

Report: HomeServices to Settle Commission Lawsuits

Report: HomeServices to Settle Commission Lawsuits

by James Sanna | Apr 26, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

The last major brokerage still locked in a court battle over real estate agent commissions appears to be waving a white flag.

Douglas Elliman Settles Commission Lawsuits

NAR Settlement Gets Preliminary OK

by James Sanna | Apr 24, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

The judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.

Company Behind Big New Listings Portal Buys Matterport

Company Behind Big New Listings Portal Buys Matterport

by James Sanna | Apr 23, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

CoStar Group, the real estate information company behind Homes.com, has inked a deal to buy the 3D camera company many real estate agents rely on to promote their listings.

Remodeling Forecast Says Spending Will Decline This Year

Remodeling Forecast Says Spending Will Decline This Year

by James Sanna | Apr 19, 2024 | CR Daily, Industry News, Residential Real Estate, Westchester News

The latest forecast from Harvard University’s Joint Center for Housing predicts that a slump in Americans’ remodeling spending may be in store this year.

CT’s Most Expensive Home Sales: March 26-April 3

by The Commercial Record | Apr 19, 2024 | CR Daily, Industry News, Residential Real Estate

The five most expensive recent single-family and condominium sales in Connecticut.

Door Opens to Flip a House for Yourself, Not Profit

by Lew Sichelman | Apr 19, 2024 | Industry News, Opinion, Residential Real Estate, Westchester News

High mortgage rates, soaring house prices and rising construction costs have driven many flippers out of the market. And with their exit comes a great opportunity for people eager to buy a fixer-upper of their own.

Worried About Your Commission? Learn to Show Your Value

Worried About Your Commission? Learn to Show Your Value

by Bernice Ross | Apr 19, 2024 | CR Daily, Industry News, Opinion, Residential Real Estate, Westchester News

Buyer’s agent compensation offers seem set to disappear from your local multiple listings service by this summer. And the effects will be wide-ranging.

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