A new 203-unit apartment complex in New London’s Fort Trumbull neighborhood is set to begin pre-leasing this winter as construction crews marked a milestone in construction at a recent topping-off ceremony.
Westerly, Rhode Island-based The Washington Trust Co. has expanded its Connecticut presence with a new commercial lending office in New Haven. The new location is at 265 Church St. in an office adjacent to Washington Trust’s wealth management office. “With the opening...
The number of homeowners in forbearance increased last month for the first time in more than two years, partly thanks to Hurricane Ian’s hit to Florida homebuyers.
Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
Bankers from M&T Bank, TD Bank and Wells Fargo have been named to the board of directors for the Connecticut Business & Industry Association, the state’s largest business organization.
Most homebuyers spend about as much time researching their next television purchase as they do their mortgage lender, compounding mortgage lenders’ struggles standing out from their competitors.
Railroad engineers accepted their deal with the railroads that will deliver 24 percent raises but conductors rejected theirs, threatening the health of the economy just before the holidays.
With his top economic development official planning to step down in January, Gov. Ned Lamont has named a new person to lead the state Department of Economic and Community Development for his second term in office.
Springfield, Massachusetts-based Freedom Credit Union has opened its first location in Connecticut. The office at 115 Elm St. in Enfield is only for mortgage and business lending “for the time being,” Freedom Credit Union said in a statement. “We are excited to expand...
The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months.
A New Jersey-based multifamily developer active nationwide got the crucial support of a committee of city and regional leaders in its effort to redevelop one of the first parcels in a partly-vacant Hartford neighborhood just south of downtown.
A new study from brokerage and listings portal Redfin suggests the income needed to afford monthly mortgage payments on the median-priced home in Connecticut’s three biggest real estate markets doubled in the last year.
Lakeville-based Salisbury Bank is one of five banks to recently sign on with technology company KlariVis, which offers enterprise dashboard and analytics services for the financial services industry.
While lenders might have started the year expecting some rate hikes, the size and speed of rising mortgage rates had significant effects on the spring and summer mortgage markets.
“The check is in the mail” is one of the great lies of all time. Real estate has its own set of lies, especially among agents who want to list your house for sale.
One of the first LEED Platinum multifamily buildings in the nation fetched a nine-digit sale price when a New York City investment firm bought it earlier this month.
East Hartford-based American Eagle Financial Credit Union has promoted 10 employees across several business units to the role of assistant vice president.
Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales...
The opening of Sun Life’s new office in Hartford’s iconic “Gold Building” was greeted with fanfare and joyful proclamations from Gov. Ned Lamont and city Mayor Luke Bronin even as commercial brokerages recorded a big uptick in downtown office vacancies.
A new apprenticeship program that will build a pipeline of diverse talent in accounting and finance has signed Middletown-based Liberty Bank as one of its first employers.