Residential Real Estate

CT Capital Gains Tax Hike Floated

CT Capital Gains Tax Hike Floated

By Susan Haigh | The Associated Press | January 23, 2023 | Reprints | Unlock Link

Progressive Connecticut lawmakers are proposing a higher tax rate on capital gains earnings for wealthy taxpayers and higher personal income tax rates for millionaires.

Q&A: Redfin CEO Sees Buyer-Seller ‘Standoff’ in 2023

Q&A: Redfin CEO Sees Buyer-Seller ‘Standoff’ in 2023

By Alex Veiga | The Associated Press | January 17, 2023 | Reprints | Unlock Link

Soaring mortgage rates knocked the housing market into a deep slump in 2022, and the prospects of a swift turnaround in 2023 look dim, especially with the average rate on the benchmark 30-year mortgage still hovering above 6 percent, or double what it was this time last year.

Lamont to Seek Tax Cut in Second Term

Lamont to Seek Tax Cut in Second Term

By Susan Haigh | Commercial Record Staff | January 5, 2023 | Reprints | Unlock Link

Sworn into office for a second four-year term, Connecticut Gov. Ned Lamont on Wednesday called on state legislators to pass a “meaningful middle class tax cut,” saying it’s time for the state to refocus on economic growth and opportunity

Gov. Ned Lamont Sworn in for Second Term

Gov. Ned Lamont Sworn in for Second Term

By Susan Haigh | The Associated Press | January 4, 2023 | Reprints | Unlock Link

As Connecticut Gov. Ned Lamont embarks on a second term in office Wednesday, he faces a larger majority of fellow Democrats in the General Assembly and a rosier state budget picture compared to when he first took office in 2019, given the state’s record cash reserves and a projected $1 billion operating surplus.