Existing Home Sales Rise To Eight-Year High
U.S. home resales rose more than expected in July to their highest level since 2007, a sign the U.S. housing market was heating up and could provide more support for the overall economy.
Colonial Properties Acquires Nutmeg Property Realty
Colonial Properties Inc. has acquired Nutmeg Property Realty.
Mary Boudreau
Mary Boudreau can be, and has been, described as an epicenter for her industry and her community. One of her greatest strengths, according to friend and former colleague Debra Alderman, is her ability not only to rally troops toward a common goal, but to find and connect with them.
Paula Feeney
After graduating from college with a degree in sociology, Paula Feeney, a Connecticut native, wasn’t sure what she wanted to do, so she entered a business program at the Katharine Gibbs School in Boston. Barbara Pearce, owner of Pearce Real Estate, was looking for a smart, business-savvy employee, so someone at the school introduced the two. After more than 30 years, Feeney is still working for the firm that snatched her up straight from college.
Cheryl Kebalo
Cheryl Kebalo, broker/owner of RE/MAX Leading Edge real estate, received over 20 nominations for the Women of FIRE award from her colleagues. Each nomination was different, but nearly all of them talked about how helpful, forward-thinking, kind, charitable, successful and family-oriented she is. Kebalo got involved with real estate through her father-in-law, an immigrant from Ukraine and a carpenter. Her husband and his brother inherited those carpentry skills and developed a 55-plus community in South Windsor. Her involvement in that project led her to her career in real estate.
Shelley Kirschenbaum
Shelley Kirschenbaum knew that real estate was the right path for her from the beginning of her career, and since then has spent her days cultivating an office culture that goes above and beyond typical real estate. A mentor to over 80 sales executives, Kirschenbaum leads her Glastonbury team with the blended qualities of a rough-and-tumble business woman and a graceful philanthropist.
Julie Tétreault
At the tender age of 10, Julie Tétreault caught an early glimpse into her life’s direction. A spring break spent going door-to-door in search of an internship landed her a job at the office of Wallace-Tustin Realty. Tétreault sold multiple homes while still a college student, and by age 24, was Wallace-Tustin’s top salesperson.
Regina van der Heyden
Regina “Regi” van der Heyden has been selling real estate in the greater New Canaan area for almost 20 years. In that time, she has sold nearly $500 million worth of property through what she calls “her tireless work ethic and consistent professionalism.”
Fewer Appraisers, Rising Fees
Real estate appraisers say their numbers are dwindling and for a variety of reasons, there are very few newcomers entering the profession.
Julie Tétreault
At the tender age of 10, Julie Tétreault caught an early glimpse into her life\’s direction.
East Lyme Man Pleads Guilty To False Advertisement Charge In Mortgage Modification Scheme
Matthew Goldreich, of East Lyme, pleaded guilty Thursday in New Haven federal court to a false advertising offense, stemming from his production and dissemination of false advertisements for mortgage modification services.
Connecticut Housing Finance Authority Revises Income, Sales Price Limits
Connecticut Housing Finance Authority (CHFA) has revised its income and sales price limits to comply with the U.S Department of Housing and Urban Development income limits and the U.S Treasury Department sales price limits.
Washington Trust Provides $6 Million in Financing For Condominium Construction
Washington Trust’s Commercial Real Estate Group recently provided a $6 million line of credit to Main Street Homes-Storrs LLC for the construction of 42 condominium units in Storrs, Connecticut. The property is adjacent to the main campus of the University of Connecticut.
Scalzo Group Real Estate Joins Real Living Real Estate Brokerage Network
Scalzo Group Real Estate has joined Real Living Real Estate, a real estate franchisor and member of the HSF Affiliates LLC family of real estate brokerage networks. The two companies will now operate as Real Living Scalzo Group Real Estate.
Stamford Apartment Tower Sells For $90M
Boston-based Winthrop Realty Trust has agreed to sell the 92-unit Highgrove luxury apartment tower in Stamford for $90 million as it winds down operations.
Debt Rising Significantly For American Homeowners
Could that shiny new car you just financed with a big dealer loan or lease put a damper on your ability to refinance your mortgage or move up to a different house? Could your growing debt load – for autos, student loans and credit cards – make it tougher to come up with all the monthly payments you owe?
Report: Nationwide Foreclosures Hit Lowest Rate Since 2007
In its National Foreclosure Report released today, CoreLogic reports that foreclosures in the U.S. decreased 14.8 percent year over year.”The foreclosure rate for the U.S. has dropped to its lowest level since 2007, supported by a continuing decline in loans made before 2009, gains in employment and higher housing prices,” said Frank Nothaft, chief economist for CoreLogic. There were 50,000 foreclosures nationwide in June 2014 and 43,000 in June 2015.
Fire Rips Through Hartford Building; 1 Injured
Officials say a fire ripped through a Hartford building, displacing two families and making it uninhabitable.
William Pitt Sotheby\’s International Realty Acquires Nicholas H. Fingelly Real Estate
William Pitt Sotheby’s International Realty announced that the company has acquired the assets of Nicholas H. Fingelly Real Estate in Southport and Westport. Both companies will now operate under the name William Pitt Sotheby’s International Realty.
CoreLogic: Distressed Sales Account For 10 Percent Of National Home Sales In May
Distressed sales – real estate-owned (REO) and short sales – accounted for 9.9 percent of total home sales nationally in May 2015, down 2.8 percent from May 2014 and down 1.7 percent from April 2015.
