Industry News
Darien Office Building Sells for $21M
By James Sanna | September 30, 2022 | Reprints | Unlock Link
Fairfield County real estate investment firm the V20 Group is the new owner of a late-1970s office building in Darien.
Survey: Net Interest Margin, Cybersecurity Among Community Bank Concerns
By Diane McLaughlin | September 30, 2022 | ReprintsEconomic conditions, net interest margins and cybersecurity rank among community bankers’ top concerns this year, according to the Conference of State Bank Supervisors annual national survey.
M&T Bank to Compensate Customers Hurt by Conversion Snafus
By James Sanna | September 30, 2022 | Reprints | Unlock LinkUnder pressure from state and federal elected officials, Buffalo-based M&T Bank said it will compensate customers hurt by problems when it converted the systems of the former People’s United Bank over to its own.
Survey: Margins, Cybersecurity Among Bankers’ Top Concerns
By Diane McLaughlin | September 30, 2022 | Reprints | Unlock LinkThe newest Conference of State Banking Supervisors’ survey shows the stagnating economy is weighing on community bankers’ minds.
Torrington Savings Foundation Awards $67K in Grants
September 29, 2022 | Reprints | Unlock LinkTorrington Savings Bank’s charitable foundation has awarded more than $67,000 in grants during its most recent grant cycle.
Mortgage Rates Hit Highs Not Seen Since Summer ’07
By The Associated Press | September 29, 2022 | Reprints | Unlock LinkAverage long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.
Cons and How to Spot Them
By Lew Sichelman | September 29, 2022 | Reprints | Unlock LinkConfidence games come and go. But some seem to go on forever. And some real estate cons are worth remembering, if only because how successful they were.
Ranked: How CRE Is Helping CT Lenders
By Diane McLaughlin | September 29, 2022 | ReprintsFor many of the state’s lenders, commercial real estate is providing a significant source for income, especially as residential loan demand has softened. We’ve ranked how it helped them grow.
CT Housing Permits Are on a Roll
By James Sanna | September 28, 2022 | Reprints | Unlock LinkConnecticut’s cities and towns OK’d another 396 homes last month, more units than have been permitted through August in any year since 2016.
CT’s Major Housing Markets Among Nation’s Best-Performing
By James Sanna | September 28, 2022 | Reprints | Unlock LinkIf you are looking to sell a home in the New Haven area, congratulations: You’re in the nation’s fourth-best-performing housing market right now.
Report: More Retail Banks Focus on Sustainability
September 28, 2022 | ReprintsMore retail banks have responded to concerns about climate change by building sustainability into their digital transformation programs, according to a new report from Boston Consulting Group.
Patriot Bank Adds Chief Payments Officer to Leadership Team
September 27, 2022 | ReprintsStamford-based Patriot Bank has added to its executive leadership team with a position focused on payments.
Willington Nixes Big Warehouse Proposal
By James Sanna | September 27, 2022 | Reprints | Unlock LinkA large warehouse just off Interstate 84 in Willington won’t go forward after town officials voted down the 1.5 million-square-foot proposal
Greenwich Brokerage Partners with Coldwell Banker
September 27, 2022 | Reprints | Unlock LinkGreenwich’s oldest continuously-operating real estate company is partnering with a Coldwell Banker Realty team to help clients buy and sell luxury real estate.
Boston Fed President Expects Unemployment Rate to Rise
By Diane McLaughlin | September 26, 2022 | ReprintsBoston Federal Reserve President Susan M. Collins expects a “somewhat higher unemployment rate” as the Federal Reserve continues its steps to bring down inflation. In her first public speech since becoming the Boston Fed president on July 1, Collins said the Fed’s...
CT Credit Unions Continue to See Membership Decline
By Diane McLaughlin | September 26, 2022 | ReprintsWhile most Connecticut credit unions had positive net income in the first half of 2022, the state’s credit unions continued to lose members at a higher rate than most other states, according to data released last week by the National Credit Union Administration.
Zillow Rebrands 12 Agent Tools as ‘ShowingTime+’
September 26, 2022 | Reprints | Unlock LinkZillow has combined a dozen of its agent-oriented software tools under a single flag named after its popular home-tour-management app: “ShowingTime+”
Senators Quiz Megabank CEOs on Consumer Protections, Social Issues
By Ken Sweet | The Associated Press | September 23, 2022 | ReprintsThe CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.
Guaranteed Rate Launches Spanish Language Mortgage Process
September 23, 2022 | ReprintsMortgage lender Guaranteed Rate has launched a program to deliver each step of the mortgage process in Spanish.
These CT Cities Worked Remotely the Most Last Year
By The Associated Press | September 23, 2022 | Reprints | Unlock LinkDuring the first two years of the pandemic, the number of people working from home in the United States tripled, home values grew and the percentage of people who spent more than a third of their income on rent went up, the Census Bureau data shows.
