‘Low Inventory and Robust Demand’ Characterize Metro North Market
Market dynamics in towns north of New York City reflect strong demand from buyers, historically low inventory levels and relatively high mortgage interest rates.
Forecast: Big Drop in Home Sales, Big Jump in Multifamily Starts
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.
Few CT Homes Falling Out of Contract, Report Says
As Sun Belt metros see demand for homes evaporate in the summer heat, by one measure Connecticut’s three major markets are doing well.
Fed: Sharply Higher Rates May Be Needed to Quell Inflation
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 Spike 22 Percent
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.
NAR’s Yun Predicts Big Home Sales Jump in 2021
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.
Sellers Should Go Easy on the Holiday Decor
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.
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.
How to Create a Video Tour
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 Housing Market Coming Back to Life
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.
Appraisers, Inspectors Face Different Challenges in a COVID-19 World
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.
Lamont OKs Remote Notarization of Documents
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.
Median Single-Family Home Price Reaches 11-Year High in 2019
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.
Signs Point Up for Home Remodelers
Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry.
Half of America Thinks Fourth Quarter A Good Time to Buy Homes
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.
CT Single-Family Home, Condominium Prices Up in October
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.
Limit the Cost of the ‘Nibble’ in Negotiations
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.
There is a Magic Day to List a House
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?
Odd Parcels: Why You Should Stage Your Home and Ditch the Barn Doors
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.
Statewide Condo Sales Reached 11-Year High in April
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.
