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Why Are So Many Voters Frustrated by the Economy? It’s Home Prices

Why Are So Many Voters Frustrated by the Economy? It’s Home Prices

by The Associated Press | Mar 15, 2024 | CR Daily, Industry News, Residential Real Estate

At the root of this problem: America failed to build enough homes for its growing population. The shortage strikes at the heart of the American dream of homeownership – dampening President Joe Biden’s assurances that the U.S. economy is strong.

As Mortgage Rates Rise, Housing Affordability the Worst in Years

As Mortgage Rates Rise, Housing Affordability the Worst in Years

by James Sanna | May 3, 2022 | CR Daily, Industry News, Residential Real Estate

By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.

Loan Applications Show Home Demand Has Held Steady

Loan Applications Show Home Demand Has Held Steady

by James Sanna | Mar 30, 2022 | CR Daily, Industry News, Residential Real Estate

Demand for purchase mortgages appears to be holding steady even as interest rates rapidly rose to nearly 4.5 percent over the last month.

How Far Has Housing Affordability Fallen in CT?

How Far Has Housing Affordability Fallen in CT?

by James Sanna | May 27, 2021 | CR Daily, Industry News, Residential Real Estate

A new report from First American Financial Corp. suggests that housing affordability in Connecticut fell sharply in March.

First American: Hartford Saw Affordability Increase in February

First American: Hartford Saw Affordability Increase in February

by The Commercial Record | Apr 28, 2021 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

Even as mortgage interest rates began to climb back from historic lows in February and the state’s single-family home prices jumped 22 percent, Greater Hartford area homebuyers saw their ability to buy homes improve.

Will Inventory Rise as COVID Wanes? Experts Are Divided

Will Inventory Rise as COVID Wanes? Experts Are Divided

by James Sanna | Apr 15, 2021 | CR Daily, Industry News, Residential Real Estate

It’s the biggest question in Connecticut real estate today: Will we ever get enough single-family inventory on the market to slow down massive price increases?

Housing Affordability Slips in Hartford

Housing Affordability Slips in Hartford

by The Commercial Record | Dec 29, 2020 | CR Daily, Industry News, Residential Real Estate

The super-sellers market in Greater Hartford is putting homes out of reach for an increasing number of potential buyers, a new study has found. 

Pandemic, Segregation Show Need for National Housing Agenda, Harvard Researchers Say

Pandemic, Segregation Show Need for National Housing Agenda, Harvard Researchers Say

by The Commercial Record | Nov 19, 2020 | Coronavirus, CR Daily, Industry News, Residential Real Estate

The economic problems caused by the COVID-19 pandemic and social unrest sparked by racial injustice shows the need for national politicians to take housing issues seriously, a new report by prominent Harvard University housing scholars says.

Hartford Named Top Market for First-Time Buyers

Hartford Named Top Market for First-Time Buyers

by The Commercial Record | Mar 19, 2019 | CR Daily, Industry News, Residential Real Estate

Looking to buy a home for the first time? The Hartford market is a great place to start looking: the area was named the fourth-best market for first-time buyers in a new study.

Should Seniors Take the Rap for the Gap in Millennial Homeownership?

by Kenneth R. Harney | Feb 14, 2019 | CR Daily, Industry News, Residential Real Estate

Are senior homeowners preventing Millennials from buying houses? Could the decisions of millions of older owners to “age in place” rather than sell their homes explain why Millennials are lagging behind in homeownership?

Survey Ranks CT Cities with Most Affordable Homes

Survey Ranks CT Cities with Most Affordable Homes

by The Associated Press | Jan 25, 2019 | CR Daily, Industry News, Residential Real Estate

Waterbury, New Britain, Bridgeport and New Haven are the top four cities for affordable homes in Connecticut, according to a new survey.

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