Residential Real Estate
Home Remodeling Activity Expected to Tick Upwards in 2025
By Sam Minton | January 16, 2025 | Reprints | Unlock LinkWith a stronger economy, among other things, boosting consumer confidence, the outlook for home remodeling activity appears to be improving.
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.
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.
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.
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.
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.
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.
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.
Tough Housing Market Forces Container Store Into Bankruptcy
By Anne D’Innocenzio | The Associated Press | December 23, 2024 | Reprints | Unlock LinkThe Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.
Four CT Cities Make List of 2024’s Top Markets
By James Sanna | December 19, 2024 | Reprints | Unlock LinkAccording to a new ranking by listings portal Zillow, Connecticut has four of nation’s 10 most-trafficked local housing markets of 2024.
Older Homebuyers More Likely to Take Climate Risks
By Sam Minton | December 17, 2024 | Reprints | Unlock LinkOlder Americans are more likely than younger Americans to buy homes in places with significant climate risk. according to a new report from Redfin.
One Mortgage Banker’s Plan to Fix the Housing Crisis
By Lew Sichelman | December 13, 2024 | Reprints | Unlock LinkTo Mark Milam, a mortgage banker and loan originator in Atlanta, many current proposals are like “swallowing an aspirin next year for a headache you have now.”
Connecticut Among Highest Foreclosure Rates in Nation
By Sam Minton | December 12, 2024 | Reprints | Unlock LinkConnecticut has some of the highest foreclosure rates in the nation, according to a new report from real estate data firm ATTOM.
Zillow: Empty-Nest Homes Won’t Solve CT Housing Issues
By Sam Minton | December 6, 2024 | Reprints | Unlock LinkAs struggles with a lack of supply and rising prices continue, empty-nest homes won’t solve these issues, a new report argues.
Connecticut’s Top Home Sales: Nov. 16-23
By James Sanna | December 5, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Are People Losing Interest in Second Homes?
By Lew Sichelman | December 5, 2024 | Reprints | Unlock LinkAre people losing interest in second homes? It appears so, according to the National Association of Home Builders, using the latest Census Bureau data.
Connecticut’s Top Home Sales: Nov. 9-15
By James Sanna | November 28, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Early Returns Show Commissions Are Falling
By Lew Sichelman | November 28, 2024 | Reprints | Unlock LinkA recent survey of some 1,300 agents and brokers found that commissions have fallen by 68 basis points, or 0.68 percent.
As NAR Punts on Clear Cooperation, Local Brokers Split Over Policy
By Sam Minton | November 28, 2024 | Reprints | Unlock LinkFractures in the residential real estate industry over a policy that’s supposed to curb so-called “pocket listings” are raising the possibility of another huge shift in how homes are bought and sold.
