Residential Real Estate
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Trump Has Sweeping Plans. Here’s What He’s Proposed for Business
By Bill Barrow | The Associated Press | November 6, 2024 | Reprints | Unlock LinkThe president-elect outlined a wide-ranging agenda on the campaign trail that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.