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Over Half of Local Millennials Now Homeowners, But What About the Other Half?

Over Half of Local Millennials Now Homeowners, But What About the Other Half?

by James Sanna | Apr 24, 2023 | CR Daily, Industry News, Residential Real Estate

An analysis of Census Bureau data shows that 53 percent of Millennials in Greater Hartford now own homes, but separate studies released in recent days suggest that the remaining 47 percent of area Millennials face a steeper path to ownership than their peers.

Report Shows Wide Divergence Between Hartford, Suburbs’ Housing Production

Report Shows Wide Divergence Between Hartford, Suburbs’ Housing Production

by James Sanna | Mar 15, 2023 | Commercial & Industrial, CR Daily, Industry News

Despite the growing number of apartments in downtown Hartford, the region’s multifamily development scene remains firmly a suburban phenomenon.

Redfin: August Rents Rose Faster than Mortgage Payments

Redfin: August Rents Rose Faster than Mortgage Payments

by James Sanna | Sep 10, 2021 | CR Daily, Industry News, Residential Real Estate

Rents may be rebounding nation-wide, but the effective cost of housing is also rising quickly, according to a new report.

Hartford Home Construction Among Slowest in Nation

Hartford Home Construction Among Slowest in Nation

by The Commercial Record | Jun 9, 2021 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

Greater Hartford grew its housing stock at one of the slowest rates anywhere in the country over the last 10 years, according to new Census Bureau data analyzed by apartment rentals site ApartmentList.com.

Report: Hartford Rents Continue to Soften

Report: Hartford Rents Continue to Soften

by The Commercial Record | Aug 28, 2020 | Commercial & Industrial, CR Daily, Industry News

Rents in Hartford continue to decrease slightly on a year-over-year basis, according to a new report from Apartment List. 

Share of Mortgages in Forbearance Keeps Rising As Credit Access Shrinks

Share of Mortgages in Forbearance Keeps Rising As Credit Access Shrinks

by The Commercial Record | Jun 9, 2020 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

The Mortgage Bankers Association’s latest survey showed that the total number of loans now in forbearance increased from 8.46 percent of servicers’ portfolio volume as of May 24 to 8.53 percent as of May 31. According to MBA’s estimate, almost 4.3 million homeowners are now in forbearance plans.

Most Lenders Have Tightened Mortgage Rules

by Lew Sichelman | Jun 4, 2020 | Banking & Lending, CR Daily, Industry News, Opinion, Residential Real Estate

Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess. 

‘Super Commuters’ Concentrated in Fairfield County

‘Super Commuters’ Concentrated in Fairfield County

by The Commercial Record | Aug 15, 2019 | CR Daily, Industry News, Residential Real Estate

Fairfield County has the largest number of commuters with more than a 90-minute journey to work, according to a new survey of Census Bureau data by Apartment List.

Report: Hartford Rents Continue to Soften

Hartford Rents Decline for Third Straight Month

by The Commercial Record | Jul 12, 2019 | Commercial & Industrial, CR Daily, Executive Briefing, Residential Real Estate

Hartford rents have declined 0.4 percent over the past month and remain more affordable than many other U.S. cities, according to a new report.

Hartford’s Rent Growth Remains Unchanged from Last Year

by The Commercial Record | Jun 12, 2018 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

Of the 250 largest cities in the country, Hartford currently ranks 207 for year-over-year rent growth at 0.0 percent, according to a new report on rent growth from Apartment List.

September Rents Dip Following Eight Months Of Increases

by Jim Morrison | Oct 2, 2017 | CR Daily, Executive Briefing, Industry News, Residential Real Estate

A report released yesterday by Apartment List Rentonomics said the national rent index has fallen by 0.1 percent between August and September of this year. That is the first month-over-month decrease in 2017.

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