Residential Real Estate
A Homeowner’s Playbook for the Day After Disaster
By Lew Sichelman | October 4, 2024 | Reprints | Unlock LinkThese days, disasters like wildfires, tornadoes, floods and hurricanes are more powerful – and more frequent – than ever. It’s increasingly likely that wherever you live, your home will be hit one way or another.
Agent Survey Shows Buyers Still Expect Sellers to Pay Commission
October 3, 2024 | Reprints | Unlock LinkA nationwide survey by The Real Brokerage suggests that, heading into the fall homebuying season, consumers’ expectations of how their agents would get paid might not have been changed by the flurry of media coverage around the National Association of Realtors’ commission lawsuit settlements this summer.
Connecticut’s Top Home Sales: Sept. 7-13
By James Sanna | September 27, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
For Home Shoppers, Fed’s Big Cut Likely Just Small Step Towards Affordability
By Alex Veiga and Sally Ho | The Associated Press | September 23, 2024 | Reprints | Unlock LinkThe Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come.
How the Federal Reserve’s Half-Point Rate Cut Will Impact CT Real Estate
By James Sanna | September 19, 2024 | Reprints | Unlock LinkThe Federal Reserve Wednesday made its first interest rate cut in over two years a large one – 50 basis points – and senior central bankers signal more cuts are coming.
Connecticut’s Top Home Sales: Aug. 31-Sept. 6
By James Sanna | September 19, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
How Homeowners Can Save on Rising Insurance Premiums
By Lew Sichelman | September 19, 2024 | Reprints | Unlock LinkHomeowners may be able to find some relief from rising property taxes and insurance premiums – without doing much work in the process.
Renting Is Suddenly More Expensive than Buying in Hartford
By Sam Minton | September 16, 2024 | Reprints | Unlock LinkAccording to a new Zillow analysis, a monthly mortgage payment is now less expensive than rent in 22 of the 50 largest U.S. metros.
Basic Customer Service Creates Big Opening for Agents
By Lew Sichelman | September 13, 2024 | Reprints | Unlock LinkNearly half of online property inquiries are simply ignored, according to new research from real estate analyst and consultant Mike DelPrete.
Connecticut’s Top Home Sales: Aug. 24-30
By James Sanna | September 13, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Housing Inventory Issues Persist in Connecticut as Fall Selling Season Opens
By Sam Minton | September 12, 2024 | Reprints | Unlock LinkWith Labor Day in the rearview mirror, the prices of homes and a lack of inventory continue to plague the state’s residential real estate market.
Trade Groups Welcome Fed’s Lower Big-Bank Capital Rules
By James Sanna | September 11, 2024 | Reprints | Unlock LinkThe trade group for the nation’s largest banks and the nation’s main real estate agent trade group say the Federal Reserve’s revised “Basel III” proposal for large-bank capitalization rates is a step in the right direction.
New Money Laundering Rules Make Agents Report Cash Home Sales
By Fatima Hussein | The Associated Press | September 10, 2024 | Reprints | Unlock LinkThe Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate.
Northeast Region Remains Strong Sellers Market, Homebuyers Still Pessimistic
By Sam Minton | September 9, 2024 | Reprints | Unlock LinkWhile the Northeast region remains a strong market for sellers, the overall sentiment of homebuyers remains skeptical even with the potential for lower interest rates.
Mortgage Rates Now Nearly 150 Bps Off 2023 High
By Matt Ott | The Associated Press | September 5, 2024 | Reprints | Unlock LinkThe average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month.
Connecticut’s Top Home Sales: Aug. 16-23
By James Sanna | September 5, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Thinking Solar? Beware of Crooked Lenders
By Lew Sichelman | September 5, 2024 | Reprints | Unlock LinkHomeowners considering adding solar panels to their rooftops should beware of crooked lenders who mislead customers about the terms and conditions of their financing.
As Connecticut Deals with Floods, Homeowners’ Costs Also Rising
By Sam Minton | August 29, 2024 | Reprints | Unlock LinkThe recent flooding across large parts of Connecticut highlights how costly natural disasters can be, but banks say adequate measures are in place to protect against risk.
As Fed Telegraphs Rate Cut, Hartford Home Values Growing
By Sam Minton | August 27, 2024 | Reprints | Unlock LinkWhile home values continue to tick upward, homes in Hartford are experiencing the highest growth in the country.
Agent Commissions Now a Serious Concern for Homebuyers
By Alex Veiga | The Associated Press | August 19, 2024 | Reprints | Unlock LinkChanges following NAR’s lawsuit settlement are likely to have the biggest impact on home shoppers — especially first-time buyers already facing elevated mortgage rates, a shortage of properties on the market and record-high home prices