Residential Real Estate
CT Metros See Home Ownership Rate Outpace Renter Rate
By Sam Minton | November 5, 2024 | Reprints | Unlock LinkWhile across the country the number of renters is outpacing the number of homeowners two of Connecticut’s biggest housing markets are headed in a different direction.
Sellers, It’s Time to Think About Concessions
By Lew Sichelman | November 1, 2024 | Reprints | Unlock LinkSometimes, homebuyers are hesitant to pull the trigger. They might love the house they found – it’s priced right and mortgage rates are coming down – but they just can’t decide whether to move forward.
CT Fall Housing Market Saw No Inventory Relief
By Sam Minton | November 1, 2024 | Reprints | Unlock LinkEntering its slow season, the housing market in Connecticut continues to struggle with affordability and a lack of inventory.
Average Mortgage Rates Creep Back Towards 7 Percent
By Alex Veiga | The Associated Press | October 31, 2024 | Reprints | Unlock LinkThe average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.
Home-Bidding Platform Final Offer Expands to CT
By James Sanna | October 24, 2024 | Reprints | Unlock LinkFinal Offer, a Boston-launched platform that aims to let real estate agents better manage bidding wars, is now active in Berkshire County after striking a deal with a major Sotheby’s International Realty affiliate.
CT Adds $40M to Down Payment Assistance Program
By James Sanna | October 23, 2024 | Reprints | Unlock LinkAn infusion of millions in state bond dollars means the state’s Time To Own down payment assistance program is reopening to new applicants.
CT Homebuyers Making Increasingly Big Down Payments
By Sam Minton | October 23, 2024 | Reprints | Unlock LinkConnecticut homebuyers are putting more and more down when purchasing a home, at a time when their peers nationwide are putting down less.
Data Shows Hispanic Home Value Gap Decreases in CT
By Sam Minton | October 21, 2024 | Reprints | Unlock LinkOne of the biggest drivers of the white-Hispanic racial wealth gap, the home value gap between homeowners of both ethnicities, still exists but the gap is narrowing.
Mortgage Rates Hit Highest Level in Eight Weeks. What Gives?
By Alex Veiga | The Associated Press | October 18, 2024 | Reprints | Unlock LinkMortgage rates have been climbing in recent weeks following a spate of encouraging reports on the U.S. economy, including a hotter-than-expected September jobs report and a snapshot of consumer prices.
Connecticut’s Top Home Sales: Sept. 28-Oct. 4
By James Sanna | October 18, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Don’t Miss the Chance to Refi
By Lew Sichelman | October 18, 2024 | Reprints | Unlock LinkIf the past is prologue, millions of homeowners with high-rate mortgages won’t refinance their loans, even as mortgage rates tumble.
Huntsman Meade Agent Is CT Realtor of the Year
October 17, 2024 | Reprints | Unlock LinkConnecticut’s statewide Realtor association named a Middletown real estate agent as its top member of the year Wednesday.
Moderate Uptick in Remodeling Spending Predicted for 2025
By Sam Minton | October 17, 2024 | Reprints | Unlock LinkAfter recent pullbacks on home remodeling, the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University is predicting that remodeling spending will increase in 2025.
Lower Mortgage Rates Barely Budge Hartford Sellers
By James Sanna | October 16, 2024 | Reprints | Unlock LinkProspective homebuyers in the Hartford metro area faced no better selection of homes on the market this fall than they did a year ago, according to a new analysis by Zillow economists.
Greenwich Former Trump Mansion Sells for $31M
By James Sanna | October 15, 2024 | Reprints | Unlock LinkA seaside estate once owned by former President Donald Trump and former fashion executive Ivana Trump has traded hands for the first time since 1999.
Average Mortgage Rate Jumps, Reversing Some Affordability Gains
By Matt Ott | The Associated Press | October 10, 2024 | Reprints | Unlock LinkThe average rate on a 30-year mortgage in the U.S. surged to 6.32 percent this week, adding pressure on home buyers facing sky-high prices and a limited supply of houses for sale.
Cash Buyers Can Get Their Money Back
By Lew Sichelman | October 10, 2024 | Reprints | Unlock LinkCash is king when it comes to buying a house. Always has been, and always will be. And these days, individual cash buyers – as opposed to cash-laden investors – have an even better shot of scoring the house of their dreams.
Connecticut’s Top Home Sales: Sept. 21-27
By James Sanna | October 9, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Hartford Beginning to See Effects of Mortgage Rate Drops
By Sam Minton | October 8, 2024 | Reprints | Unlock LinkWith the Federal Reserve cutting its benchmark interest rate in September, the lower interest rates appear to have driven some increased market activity in Greater Hartford.
Connecticut’s Top Home Sales: Sept. 14-20
By James Sanna | October 4, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.