Industry News
Bleak Forecast Given At NEEP Conference
By Jeff Haynes | Reporter | May 31, 2007 | Reprints | Unlock LinkWhat a tease.
Connecticut Lawmakers Make Mortgage Industry a Priority
By Jeff Haynes | Reporter | May 31, 2007 | Reprints | Unlock LinkAs the regular session winds down, legislators are making some changes to the mortgage industry.
Buonfiglio Receives Weichert Sales Award
May 24, 2007 | Reprints | Unlock LinkLouis Buonfiglio Jr. of Weichert Realtors Regional Properties in Orange has received the Excellence in Sales Award from the New England Broker’s Council of Weichert Realtors.
He achieved the honors of “Top Listing Sales Associate” and “Top Overall Sales Associate” for the second consecutive year.
Open Solutions’ Waggoner Dies of Cancer
May 24, 2007 | Reprints | Unlock LinkCliff Waggoner, co-founder and chief architect of Glastonbury-based Open Solutions Inc., died Friday, May 11, after a battle with cancer at the age of 66.
Chozick Brokers Two Multifamily Sales
May 24, 2007 | Reprints | Unlock LinkRick Chozick of Chozick Realty recently completed two multifamily sales. The Regency Ridge Apartments in Waterbury sold for $2.3 million and 26-30 Sherman St. in Hartford sold for $880,000.
Regency Ridge is a 36-unit apartment complex constructed in 1969. The three-building complex has 12 two-bedroom units and 24 one-bedroom apartments situated on a 1.79-acre site.
State Lagging in Eminent Domain Reform
By Jeff Haynes | Reporter | May 24, 2007 | Reprints | Unlock LinkAs the clock winds down on the current legislative session, Connecticut has yet to join the 40 other states enacting eminent domain reform in the two years since the U.S. Supreme Court’s Kelo v. City of New London ruling.
Mortgage Fraud Hurts Beleaguered Industry
May 24, 2007 | Reprints | Unlock LinkA growing count of mortgage fraud cases is adding to the woes of a lending industry already mired in subprime problems and increasing foreclosures.
Better Amenities A Must-Have For Homebuyers
By Jeff Haynes | Reporter | May 24, 2007 | Reprints | Unlock LinkGood things may indeed come in small packages.
Recent survey data indicates typical homebuyers are looking for smaller lots and smaller homes, but with better amenities all around.
Raveis Representing Stamford Properties
May 17, 2007 | Reprints | Unlock LinkWilliam Raveis Real Estate & Home Services’ New Homes division is representing both the Metropolitan and the Townhomes at the Metropolitan in Stamford.
TD Banknorth Staffers Reach Out to Students
May 17, 2007 | Reprints | Unlock LinkNearly 50 TD Banknorth Connecticut employees recently went to Driggs Elementary School in Waterbury to teach students about economics, urban development and how to perform in a job interview.
For the fourth consecutive year, TD Banknorth volunteers spent the morning with the entire school as part of the bank’s education and financial literacy outreach to the community.
CBRE Hires Santiago, Promotes Riccio
May 17, 2007 | Reprints | Unlock LinkMarilyn Santiago, a specialist in marketing and business development, has joined the CB Richard Ellis Westchester/Fairfield Private Client Group as an associate.
State’s Market Offers Plenty of Options
By Jeff Haynes | Reporter | May 17, 2007 | Reprints | Unlock LinkOptions abound in the Connecticut multifamily market for a broad spectrum of budgets.
From studio apartment rentals of $650 a month to luxury penthouse condominiums topping $3 million, the multifamily shopper has some choices.
Fine Print May Pose Challenge to Brokers
By Jeff Haynes | Reporter | May 17, 2007 | Reprints | Unlock LinkMortgage brokers cautioning clients to read the fine print would be wise to heed their own advice.
As legislators ponder new rules for brokers, other means to rein in brokers – buried within the pages of contracts with lenders – could begin surfacing as the number of foreclosures rises.
Agents, Buyers Feel Pinch of Overcrowded Profession
By Jeff Haynes | Reporter | May 17, 2007 | Reprints | Unlock LinkA spike in the number of Realtors is hitting members of their national organization – and possibly consumers, too – in their wallets.
Burt Honored as H. Pearce’s Top Producer
May 10, 2007 | Reprints | Unlock LinkH. Pearce Real Estate Co.’s Mary Jane Burt, who works out of the firm’s New Haven office, was the company’s top producer for the first quarter of 2007.
Burt topped the company’s 150-plus residential and commercial sales associates based on commission earnings. Finishing second among all active associates was Julie Gaughran Etes of the Guilford office.
NewAlliance Releases Quarterly Earnings
May 10, 2007 | Reprints | Unlock LinkNew Haven-based NewAlliance Bancshares Inc. has reported net income of $9.3 million for this year’s first quarter ended March 31, versus $11 million for the same period a year ago.
Lyman Brokers Sale of ‘Kage’ Building
May 10, 2007 | Reprints | Unlock LinkRon Lyman, broker-owner of Lyman Real Estate in eastern Connecticut, has brokered the sale of 96 Elm St. in Manchester to Roseman Properties.
Staged Homes Selling Faster Than Others
By Jeff Haynes | Reporter | May 10, 2007 | Reprints | Unlock LinkA cooling housing market has sellers searching for ways to set their homes apart from the others. One option is to stage the home.
“We look at staging a house as marketing,” said Dina Spaidal, co-owner of Fairfield County-based LaBella Spaidal Staging & Design. “We set up the product for agents.”
Foreclosure Victims To Get Additional Aid
By Jeff Haynes | Reporter | May 10, 2007 | Reprints | Unlock LinkAs more homeowners appear headed for foreclosure, more sources of aid are looking to get involved.
Connecticut’s Office Rents Seeing Peaks and Valleys
By Jeff Haynes | Reporter | May 10, 2007 | Reprints | Unlock LinkAn 80-mile swing from Hartford through New Haven to Stamford features a diverse topography of the valleys, flatlands and peaks of office-lease rates.
