Hartford Is Nation’s Only Market with Inventory Decline
Unlike every other major housing market in America, only Greater Hartford saw a year-over-year drop in homes for sale last month. It suggests homes aren’t piling up unsold.
Hartford, Fairfield County See Uptick in New-Home Sales
Two of Connecticut’s major housing markets saw an uptick in new construction’s share of units sold in the third quarter, according to new data released by Redfin.
Zillow: Neighborhoods Close to Downtown Hartford Still Offer Deals
Buyers looking to live closer to downtown Hartford are going to keep finding deals this spring, a new report from Zillow says.
Rents on the Rise in Greater Hartford
A new survey of rents in the nation’s biggest cities by Realtor.com shows Greater Hartford’s rents are on the rise.
Webster Bank Expands Roles of CT Regional Presidents
Waterbury-based Webster Bank has expanded the roles of three regional presidents in Connecticut.
For-Sale Inventory Down 52 Percent in Hartford Area
The Greater Hartford’s inventory of single-family homes for sale was down 52 percent year-over-year in February, the Greater Hartford Association of Realtors announced Wednesday.
Industrial Market Had ‘Remarkable’ Q4 in Hartford
A new report from commercial real estate services firm CBRE said Greater Hartford’s industrial real estate market experienced a “remarkable” fourth quarter.
300-Acre Logistics Parcel Hits Market in East Hartford
The last remains of a former private corporate airport and military base could become a massive distribution center complex as Raytheon Technologies seeks to shed 300 acres of land in East Hartford.
Dime Bank Opens First Hartford-Area Branches
Norwich-based Dime Bank has begun its expansion into Greater Hartford with branches in Glastonbury and Manchester.
Rental Concessions Up Significantly in Hartford
Hartford-area landlords are ramping up concessions in an effort to lure more renters into their units as the pandemic puts a hold on many moves and low mortgage interest rates draw large numbers of homebuyers away from their apartments.
Lawsuit: HUD Perpetuated Racial Segregation in Hartford Area
The U.S. Department of Housing and Urban Development has perpetuated racial segregation in Connecticut’s capital by failing to help poor Black and Hispanic families living in dilapidated, federally subsidized housing move to better neighborhoods in the city and suburbs, residents allege in a lawsuit filed Wednesday.
Competition Fierce Among Hartford Entry-Level Homebuyers
Amid potential sellers’ reluctance to enter the housing market and record demand from younger homebuyers, Greater Hartford has seen significant drops in how long individual homes are on the market.
Zillow: Greater Hartford Listings Still Plummeting
New listings increased slightly in the Hartford Area, but total inventory of for-sale homes and condominiums is still far below what it was last year, Zillow reports.
Construction Employment Recovering from Pandemic Lows
Construction employment in Connecticut’s three largest metro areas is on the rise again after the coronavirus pandemic disrupted the typical flow of projects.
Report Tracks ‘Catastrophic’ Increase in Delinquent Hotel, Retail Loans
CMBS delinquencies have seen big spikes in the Hartford area but largely spared the Fairfield County and New Haven-Milford commercial real estate market so far.
Amazon Plans 400K SF Cromwell Distribution Center
Amazon will fill a speculative 403,000-square-foot distribution center built by Indiana developer Scannell Properties at 120 County Line Drive in Cromwell last year, company and city officials said Wednesday.
Free Mobile Coronavirus Testing Launches in Hartford Area
Expanded free mobile testing for COVID-19, with no prescriptions required, has begun in several Connecticut cities. It’s part of the state’s effort to ramp-up testing of people living in densely populated areas to help keep tabs on possible flareups.
Zillow: Hartford Rent Growth Increased in April, Despite Virus
The coronavirus crisis appears to not have caused a slowdown in rent growth in Greater Hartford according to new data from the Zillow Group
FedEx to Shutter Windsor Distribution Center
While distribution centers appear to be sprouting up like mushrooms after the rain in Greater Hartford, one facility will instead be closing.
Upgrades for Rocky Hill, Wallingford Hotels Following Sale
A trio of Hartford-area hotels is in line for upgrades following their sale to a Chicago-based hotel investment and management company.
