Industry News
Lender Seeks Receiver Appointed for Troubled Hartford Tower
By James Sanna | January 15, 2025 | Reprints | Unlock LinkAfter losing its anchor tenant in 2023, the troubled CityPlace I tower in downtown Hartford could be headed for another storm.
Earnings Show Megabanks Thrived in Final Quarter of 2024
By Matt Ott | The Associated Press | January 15, 2025 | Reprints | Unlock LinkJPMorgan’s net income soared 50 percent, and other major banks reported banner earnings for the year.
Typical CT Starter Home Cost Surges 48 Percent
By Sam Minton | January 13, 2025 | Reprints | Unlock LinkThe income required to afford a starter home across the nation has risen significantly since 2019.
State Pitches in to Jumpstart Major Developments
By Steve Adams | Commercial Record Staff | January 13, 2025 | Reprints | Unlock LinkBlighted and underutilized properties are being targeted for adaptive reuse and redevelopment in Connecticut’s largest cities, setting the stage for some of the state’s notable projects moving forward in 2025.
Homebuyers’ Student Debt Issues Can Be Solved. Here’s Where to Start
By Lew Sichelman | January 10, 2025 | Reprints | Unlock LinkMassive, often insurmountable amounts of student debt have prevented millions of otherwise qualified borrowers from obtaining financing to buy a house.
Manchester Shopping Center Trades for $67.5M
By James Sanna | January 9, 2025 | Reprints | Unlock LinkNew York City investor Brixmor Property Group says it bought Manchester’s Plaza at Buckland Hills for over twice its appraised value.
Fed Officials Now Expect Slower Pace of Rate Cuts Ahead
By Christopher Rugaber | The Associated Press | January 9, 2025 | Reprints | Unlock LinkFederal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
Ex-BHHS CRE Team Joins Century 21 in Wethersfield
By James Sanna | January 8, 2025 | Reprints | Unlock LinkA 10-agent team has jumped from one brokerage brand to another in central Connecticut.
Tong Joins Feds in Suing RealPage, Six Major Landlords
By Jesse Bedayn | The Associated Press | January 8, 2025 | Reprints | Unlock LinkThe U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high by using both an algorithm to help set rents and privately sharing sensitive information with their competitors to boost profits.
New CT Realtors President Takes the Reins
January 7, 2025 | Reprints | Unlock LinkSteven Miller, a Realtor in Coldwell Banker’s North Haven office, has begun his one-year term as the 2025 president of CT Realtors.
Southern New England Metros Outpace Boston in Zillow’s Hottest Markets of 2025
By Sam Minton | January 7, 2025 | Reprints | Unlock LinkWhile Greater Boston jumped 10 spots in Zillow’s hottest markets rankings compared to 2024, the market was still outpaced by the likes of Hartford and Providence, Rhode Island.
North Haven Offices Could Become Apartments After Sale
By James Sanna | January 6, 2025 | Reprints | Unlock LinkThe new owners of an office building near North Haven’s town green are eyeing a residential conversion, according to the brokerage in the sale.
Top Fed Bank Regulator Barr, Under Fire from GOP, to Resign
By Christopher Rugaber | The Associated Press | January 6, 2025 | Reprints | Unlock LinkThe Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate.
Guggenheim Partners Relocates from Darien to Stamford
By James Sanna | January 3, 2025 | Reprints | Unlock LinkGuggenheim Partners is moving to a prominent downtown Stamford office building.
Michigan Mortgage Lender Hit with $50K Fine by CT Regulator
By James Sanna | January 3, 2025 | Reprints | Unlock LinkA Michigan mortgage lender paid a $50,000 fine to the Connecticut Department of Banking and has agreed to stop doing business in the state after breaking state lending laws.
Renters Staying Put at Increased Rate – But Not in Hartford
By Sam Minton | January 2, 2025 | Reprints | Unlock LinkWhile nationwide renters are staying in their homes at an increasing rate, Hartford is bucking the trend.
Average Mortgage Rate Now Highest Since July
By Paul Wiseman | The Associated Press | January 2, 2025 | Reprints | Unlock LinkThe uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages.
Value-Seekers Drove 2024’s Retail Trends and Dead Ends
By Anne D'Innocenzio and Dee-Ann Durbin | The Associated Press | December 31, 2024 | Reprints | Unlock LinkValue was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Here are some of the trends – and dead ends – that The Associated Press tracked in 2024.
Report: New Haven Borrowers Paying More for Insurance and Taxes than Home’s Cost
December 24, 2024 | Reprints | Unlock LinkA new analysis of data found that New Haven homeowners are among the most burdened by tax and insurance payments in the country.
Survey: Small Biz More Optimistic About Economy After Election
By Mae Anderson | The Associated Press | December 24, 2024 | Reprints | Unlock LinkA recent survey shows small business owners are feeling more optimistic about the economy following the election.
