Economists at Fannie Mae expect a significant drop in sales of existing single-family homes this year, along with a significant jump in the start of construction on multifamily buildings.
As Sun Belt metros see demand for homes evaporate in the summer heat, by one measure Connecticut’s three major markets are doing well.
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.
Connecticut home prices registered double-digit gains in February as median single-family prices hit $300,000 and sales volume rose to a 16-year high.
The chief economist at the National Association of Realtors is predicting the number of existing homes sold in America 2020 will be higher than last year. But, he said, an even busier housing market is ahead for 2021.
There’s nothing wrong with trying to sell a house during the holidays. It’s as good a time as any – maybe even better. Just remember that less is always more when it comes to decorations.
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.
Buyers these days go online to discover what’s available. And with the pandemic still very much a concern, they tend to visit the houses they find appealing by taking a virtual tour rather than an in-person look-see.
Greater Hartford’s residential real estate market is showing initial signs it could be coming back to life, with new listings up significantly on a week-over-week basis on the high and low ends of the market.
If you are intent on buying a home during the pandemic, obtaining an appraisal shouldn’t stand in your way. But procuring a home inspection may be another question.
The Connecticut real estate industry may be able to keep operating in the midst of the coronavirus pandemic, but getting documents notarized as part of sales has emerged as a challenging issue.
The median sale price for both single-family homes and condominiums increased across Connecticut in December pushing year-end numbers even higher, according to the latest report from The Warren Group, publisher of The Commercial Record.
Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry.
More than half of Americans recently polled believe that now is a good time to make a home purchase, according to the latest findings from the National Association of Realtors.
The median sale price for both single-family homes and condominiums increased on a year-over-year basis across Connecticut in October, according to the latest report from The Warren Group, publisher of The Commercial Record.
One of the costliest strategies during a negotiation is what is known as the “nibble.” Everyone knows that “nibbling” on a regular basis can result in a significant weight gain. Many buyers and sellers engage in the “nibble” as a negotiation strategy that can be extremely costly to the other party’s bottom line.
Houses listed for sale on a Thursday tend to sell more quickly, and at higher prices, than those listed on any other day of the week, research shows. But what’s the best time of day to show a house?
Sellers who can’t decide whether to move into their next homes while their current ones remain unsold should consider this: According to a new analysis, empty houses remain on the market longer, and sell for less, than those that are still occupied.
Connecticut single-family home sales declined in April, as the median sale price remained unchanged on a year-over-year basis, according to the latest report from The Warren Group, publisher of The Commercial Record, while condominium sales increased.
Single-family home sales continued to decline across Connecticut in March as the median sale price also trended lower, according to the latest report from The Warren Group, publisher of The Commercial Record.
