Residential Real Estate
Ten Local PCR Agents Take Home Top Listing/Selling Awards In August
By Commercial Record Staff
 | September 16, 2011 | Reprints | Unlock LinkA handful of local Prudential Connecticut Realty offices have singled out ten agents as top listing and/or sales agents for the month of August.
One Obstacle to Obama\’s New Plan to Help Homeowners: A Gov\’t Regulator
By Paul Kiel | ProPublica.org | September 16, 2011 | Reprints | Unlock LinkIf you weren’t listening closely to President Obama’s speech recently, you might have missed his new plan to help millions of homeowners.
How To Find Gold In Expired Listings
By Bernice Ross | Inman News Service | September 16, 2011 | Reprints | Unlock LinkWhy do listings expire? Normally it’s because they are overpriced. Learning to prospect this important part of the market can keep your business running strong for years to come.
Conn. Foreclosure Filing Rate Ranks 28th Nationally
September 15, 2011 | Reprints | Unlock LinkWith a rate of one filing for every 1,010 households in the state in August, Connecticut ranked 28th nationwide for the month in terms of foreclosure filing rate, according to a recent report from California-based tracking firm RealtyTrac.
New Haven’s Imperial Apartments Scooped Up By Pike
By James Cronin | Special To Commercial Record | September 14, 2011 | Reprints | Unlock LinkPike International has purchased the Imperial Apartments, a 72-unit complex in New Haven, for $4.25 million, according to industry sources.
Keller Williams’ Doyle Earns CDPE Designation
September 14, 2011 | Reprints | Unlock LinkTerri Doyle of Keller Williams Realty in West Hartford has earned the Certified Distressed Property Expert (CDPE) designation, after completing extensive training in foreclosure avoidance, with a particular emphasis on short sales.
Late-Stage Mortgage Rejections On The Rise
By Jack Guttentag | Inman News | September 9, 2011 | Reprints | Unlock LinkSome lenders today are rejecting 50 percent or more of their mortgage loan applicants after the applicants have paid for an appraisal, and in some cases after they have paid a nonrefundable upfront fee to the lender. While the rejection rate varies widely from lender to lender, the overall rate is far higher than it was before the financial crisis, when rejections late in the approval process were a rare occurrence.
Make Contingent-Sale Offer More Enticing
By Dian Hymer | Inman News | September 9, 2011 | Reprints | Unlock LinkAny offer to purchase a home will contain an element of risk. Even an all-cash offer can be problematic. For example, buyers who haven’t converted their equities to cash could come up short if the stock market drops between contract acceptance and closing.
Coldwell Banker Acquires Farmington Real Estate Firm
By Colleen M. Sullivan | Commercial Record Staff Writer | September 8, 2011 | Reprints | Unlock LinkColdwell Banker Residential Brokerage has acquired Farmington-based Prestige Properties in a move intended to shore up the company’s real estate-owned sales capabilities.
HUD Extends Loan Program For Troubled Homeowners
By Colleen M. Sullivan | Commercial Record Staff Writer | September 8, 2011 | Reprints | Unlock LinkThe federal Emergency Home Loans Program (ELHP) extended its application deadline last week and revised its qualification guidelines after having difficulties finding borrowers who met its criteria.
Lombardi/Rispoli Team, Grange August’s Top Listing, Selling Agents At PCR Windsor
September 8, 2011 | Reprints | Unlock LinkIn August, the Lombardi/Rispoli team were named the top listing agents, and Alton Grange the top seller, at Prudential Connecticut Realty’s Windsor office.
GHAR To Hold Foreclosure Prevention Workshop Sept. 10
September 7, 2011 | Reprints | Unlock LinkThe Greater Hartford Association of Realtors (GHAR) has received a grant to hold two free, public foreclosure prevention forums in the Greater Hartford area, the first of which is scheduled for 11a.m. on Sept. 10 at GHAR headquarters at 433 S. Main St. in West Hartford.
Babbitt Joins South Windsor PCR Office
September 7, 2011 | Reprints | Unlock LinkEric Babbitt, formerly of Sentry Real Estate in Manchester, has joined the South Windsor office of Prudential Connecticut Realty.
Richardson Brings ‘Diverse’ Background To PCR’s Southington Office
September 7, 2011 | Reprints | Unlock LinkSherry Richardson recently joined Prudential Connecticut Realty’s Southington office as a sales executive.
O’Connor August’s Top Listing, Selling Agent At PCR So. Windsor Office
September 6, 2011 | Reprints | Unlock LinkKaren O’Connor has been named the top listing and top selling agent for the month of August for the South Windsor office of Prudential Connecticut Realty.
Five Reasons Real Estate Hasn’t Recovered
By Dian Hymer | Inman News | September 1, 2011 | Reprints | Unlock LinkThe housing bubble of 2006 burst in large part due to lax lending practices that led up to the housing recession. The collateral damage from these practices hammered personal fortunes through foreclosures and investment losses.
Reduce Friction Between Real Estate Agents, Managers
By David Fletcher | Inman News | September 1, 2011 | Reprints | Unlock LinkWhich is more important: recruiting new agents, or keeping the ones you already have? If you said “agent retention,” which is the obvious answer, I have a couple of questions for you: What are you doing about it? And how is it working for you?
CoreLogic: Conn. Home Prices Drop In July
August 31, 2011 | Reprints | Unlock LinkHome prices in Connecticut declined 1.6 percent in July compared to the same period last year; but the Nutmeg State is faring better than most of its New England counterparts.
New Britain\’s Candlewood Apartments Sell For $1.9M
August 31, 2011 | Reprints | Unlock LinkCandlewood Apartments, a 40-unit apartment complex in New Britain, has sold for $1.9 million.
National Home Prices Dip In June
August 30, 2011 | Reprints | Unlock LinkSingle-family home prices nationwide fell 4.5 percent from a year ago, better than expectations for a decline of 4.6 percent, according to the S&P/Case-Shiller composite index.