Fed Likely to Preach Patience on Rate Cuts
Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Housing developers looking to get shovels in the ground.
Why Are So Many Voters Frustrated by the Economy? It’s Home Prices
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.
NAR Settles Commission Lawsuits
The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.
Report: Hartford Landlord Fights Landmark Tower’s Foreclosure
Add another Hartford office tower to the list of those in trouble.
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.