Median home prices in the second quarter eclipsed a record high set in 2016, jumping 6.2 percent year over year as the inventory crunch continues to push property values higher, according to the National Association of Realtors.
Innovation in the Constitution State’s 21st century real estate market isn’t just about technology; it’s about technology that improves service to clients.
Patti White joined Norcom in 2008, after 20 years in the legal industry. She now serves as president of Military Direct Mortgage, a division of Norcom Mortgage. She is a licensed MLO in 23 states.
Mortgage applications increased 3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Aug. 4, 2017.
The National Association of Realtors announced in a video yesterday that former senior vice president and 30-year industry veteran Bob Goldberg has been selected as the organization’s new CEO.
The name on her real estate sales license says “Marie,” but only complete strangers call her that.
Mortgage applications increased 6.3 percent from one week earlier, according to data released this week from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2017. The results included an adjustment for the Fourth of July holiday.
Healthy and stable growth in home improvement and repair spending is anticipated for the remainder of the year and into the first half of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
The skilled labor shortage is beginning to impact construction costs in Connecticut. Builders who used to handle most of the jobs on a construction site have pared down their staffs and rely more on subcontractors. Now those subs are having trouble finding workers – and it’s driving up the cost of construction.
Expectations for 2017 economic growth remain at 2.0 percent in light of a projected second half slowdown, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s July 2017 Economic and Housing Outlook.
Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average mortgage rates rising across the board for the second consecutive week.
Tech-driven real estate brokerage Redfin took its first step towards going public last week.
The Greater Hartford Association of Realtors held a ribbon-cutting ceremony at its new headquarters at 430 New Park Ave. in Hartford on June 22.
Sixty years after Jack Kerouac’s legendary novel “On the Road” was published, his distant cousin –real estate agent AJ Kerouac – is also on the road, knocking on doors and trying to get elected as selectman in his hometown of Brooklyn.
Wilton police arrested Ridgefield Realtor Barbara Morris on June 15 for attempting to commit first degree larceny, a felony, according to court records.
Federal Housing Finance Administration (FHFA) Director Melvin L. Watts told the U.S. Senate Committee on Banking, Housing and Urban Affairs last month that “Congress urgently needs to act on housing finance reform” and bring Fannie Mae and Freddie Mac out of conservatorship after almost nine years.
U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion in the year since the first quarter of 2016, an increase of 11.2 percent. Additionally, the average American homeowner gained about $13,400 in equity between Q1 2016 and Q1 2017.
The share of Americans who think now is a good time to buy fell 8 percent to a record low 27 percent last month, according to the Fannie Mae Home Purchase Sentiment Index for May. The percentage of those who say now is a good time to sell increased 6 percent to 32 percent, a record high.
The 30-year fixed-rate mortgage rate inched lower for the third consecutive week and setting a new low for 2017, according to Freddie Mac.
Jeffrey Phillips and his partner, Mark Madonna, started out working in finance together in New York City.