Multifamily Construction Up in CT’s Biggest Metros
Fairfield County and the Hartford area are both seeing more housing construction than before the pandemic.
Connecticut Has Nation’s Fastest-Growing Home Values
According to a new report, three Connecticut metros are among the fastest-growing in the country.
Overpriced Listings Become Stale
Right now, according to Redfin, more houses have been on the market for 30 days or more than any other time in recent memory
Survey Finds Homebuyers Will Compromise on Safety, Natural Disasters
With costs continuing to rise, prospective homebuyers are making sacrifices to achieve home ownership.
Hartford Has Nation’s Fastest-Growing Apartment Rents
The fastest growing rents are in unexpected places, according to a Zillow press release. Rents are most expensive in large coastal markets such as New York, San Jose and Boston, but are growing fastest in more affordable markets in the Northeast and Midwest.
Home Sales Shrank Last Month as Listings Fall 14 Percent
The number of single-family sales shrank slightly last month as the Connecticut housing market saw double-digit declines in numbers of both new and active listings.
Redfin: Demand for Vacation Homes Falls 40 Percent
A new analysis of mortgage data from combined brokerage and listings portal Redfin says that demand for vacation homes has fallen precipitously from 2022 to 2023.
Poll: 3 in 4 Boomers Don’t Want to Sell as They Age
A new survey of Baby Boomers and members of the Silent Generation commissioned by brokerage and listings portal Redfin has dismaying news for anyone hoping for a “silver tsunami” of downsizers bringing their houses to market.
CT Housing Markets Missing Out on Inventory Bump
Nation-wide, a bump in new listings is giving hope to homebuyers and sellers alike. But not in Connecticut’s three biggest housing markets.
Older CT Residents Drive Increase in Homeowners Staying Put
The average tenure of a homeowner in Greater Hartford ticked up again last year unlike the nation at large, according to new research by brokerage and listings portal Redfin.
Here’s What Top Economists Think 2024’s Housing Market Will Look Like
Sellers giving in to a “new normal” for mortgage rates. Home prices staying roughly flat. Demand for apartments and rental houses staying strong. And life not getting any better for the workaday homebuyer.
Share of Homes Bought with Cash Hits Highest Level in Nearly a Decade
Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.
Freddie Mac Launches Down Payment Aid Navigator for Lenders
Just as the salary needed to afford the median-priced home in Connecticut’s two biggiest markets jumped over 30 percent, mortgage-buyer Freddie Mac announced a new tool Monday that can help lenders match borrowers to down payment assistance programs.
Anywhere, RE/MAX to Let Agents Leave NAR
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.
Report: Vacation Home Demand Nears Seven-Year Low
An analysis of mortgage rate-lock data by economists at brokerage and listings portal Redfin says that demand for vacation homes ticked down again in August, and are lower than they’ve been since mid-2017.
Survey: 1 in 5 Millennials Don’t Think They Can Be Homeowners
A new poll suggests a huge swath of the biggest generation in America right now see huge barriers to achieving homeownership for themselves.
Mortgage Rates Hit New 22-Year High
The average long-term U.S. mortgage rate climbed further above 7 percent this week to its highest level since 2001, another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market.
1 in 10 Houses for Sale in Major CT Markets Are New
With most homeowners who might have sold in other years sitting tight, the share of newly-built homes in many Connecticut housing markets has jumped dramatically in a single year.
Study Says ‘Nearly Everyone’ Has a Mortgage Rate Below 6 Percent
A nationwide analysis by researchers at brokerage and listings portal Redfin has found that 4 in 5 residential mortgage borrowers have an interest rate below 5 percent, and even more have a rate below 6 percent.
Hartford Investor Homebuyers’ Market Share Jumps
A new analysis suggest that even as investors are pulling back from homebuying in large numbers as the prices of homes and loans stay elevated, their market share in Connecticut’s capitol region is exploding.
