Residential Real Estate
Mortgage Rates Hit Highs Not Seen Since Summer ’07
By The Associated Press | September 29, 2022 | Reprints | Unlock Link
Average 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.
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.
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.
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+”
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.
Housing Heading for a Tough 2023, Fannie Mae Says
By James Sanna | September 22, 2022 | ReprintsFannie Mae’s top economic minds issued a depressing prognosis for the nation’s housing sector as mortgage rates took another big jump and Fed Chair Jerome Powell said housing needs “a correction.”
How to Exit a Sales Contract
By Lew Sichelman | September 22, 2022 | Reprints | Unlock LinkThere are a bunch of ways to get out of your contract if you get cold feet. But failing to show up at the scheduled closing is not one of them. It’s wrong, and you could open yourself up to lawsuits.
Homebuilder Confidence Keeps Slipping Despite Housing Starts Bounce
By James Sanna | September 21, 2022 | ReprintsA bump in construction of new single-family homes last month didn’t help homebuilders feel any better about their business prospects.
Hartford Stays Competitive Even as Listings Dry Up
By James Sanna | September 19, 2022 | ReprintsNew data from brokerage and online listings portal Redfin suggests Hartford’s housing market is staying competitive, even as for-sale listings are shrinking.
State’s Realtors Endorse Lamont
By James Sanna | September 16, 2022 | ReprintsThe state’s real estate professionals have picked their man in this fall’s election.
Mortgage Rates Pass 6 Percent, First Time Since 2008 Crash
By Matt Ott | The Associated Press | September 15, 2022 | ReprintsAverage long-term U.S. mortgage rates climbed even higher this week, threatening to sideline even more homebuyers from a rapidly cooling housing market.
Will FHFA Let Lenders Take Bite Out of Jumbo Market?
By Lew Sichelman | September 15, 2022 | Reprints | Unlock LinkThe mortgage market is in for another big shift in a few months. That’s when a sizable increase – roughly 12 percent or 13 percent – in the conforming loan limit appears likely to be announced.
Study: CT Buyers Among Most Concerned by Flood Risk
By James Sanna | September 12, 2022 | ReprintsA study of 17.5 million users on the home listings portal Redfin paints a concerning picture for home sellers in flood-prone areas.
Mortgage Rates Continue Their Upward Climb
By Matt Ott | The Associated Press | September 8, 2022 | ReprintsAverage long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market.
A $127K Student Loan Balance Makes Homebuying Hard
By Lew Sichelman | September 8, 2022 | ReprintsYes, the combination of rising mortgage rates and house prices are probably insurmountable for many young homebuyers. But new research has found that what’s really holding many of them back is the truckload of debt they’re carrying.
Calm Before Storms? Hurricane Season Oddly Quiet So Far
By Seth Borenstein and Rebecca Santana | The Associated Press | September 6, 2022 | ReprintsIn a state where valuable coastal real estate is increasingly at risk from storms and memories of Superstorm Sandy remain fresh, the prognosis for each year’s hurricane season is a subject of concern.
For Homebuilders, Something Has to Give
By Lew Sichelman | September 1, 2022 | ReprintsHomebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.
Hartford’s Million-Dollar Houses Offer Biggest ‘Bang for the Buck’
By James Sanna | August 30, 2022 | ReprintsA new analysis by listings portal site Zillow says Greater Hartford offers some of the nation’s best bargains for those looking to buy a luxury home.
ARM Application Rate the Highest Since 2007
August 26, 2022 | ReprintsThe share of borrowers applying for an adjustable-rate mortgage is the highest it’s been in 15 years, a new analysis by Zillow has found, but unlike the lead-up to the subprime mortgage crisis, these borrowers remain well-qualified.
