July 27th, 2010
Are homeowners who are in foreclosure or at risk of losing their homes increasingly filing for bankruptcy as a last ditch effort to save their homes?
The Warren Group recently reported that bankruptcy filings in Connecticut jumped 20 percent in the first half of the year compared to the same period in 2009. The increase [...]
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July 22nd, 2010
Has Connecticut’s luxury home market made a permanent comeback, or is the recent uptick just a temporary blip?
Sales of $1 million-plus single-family homes statewide have more than doubled in the first six months of this year compared to the same period in 2009, according to a new report by Commercial Record Staff Writer Colleen Sullivan. [...]
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July 6th, 2010
If I built a new house for myself, I know what would automatically be on my wish list: a large, functional kitchen that’s easy to clean and fits my large family during holiday gatherings.
Not surprisingly, that’s what a lot of homebuyers seek. Large kitchens featuring islands tops the list of 10 must-have features in [...]
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June 22nd, 2010
What’s happening to homeowners who’ve sought a home loan modification through the federal Home Affordable Modification, or HAMP?
More than a third of the 1.24 million trial loan modifications made through May under the program have been canceled, according to federal authorities.
But the federal government claims that borrowers who end up with a canceled loan [...]
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May 25th, 2010
The good news: fewer Connecticut homeowners fell behind on their mortgages in the first quarter compared to the prior quarter.
The bad news: the delinquency rate actually climbed from the same period in 2009. That’s according to the Mortgage Banker Association’s most recent delinquency report.
The MBA reported that the delinquency rate for residential mortgage loans [...]
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May 18th, 2010
The foreclosure problem won’t be going away anytime soon. Federal officials said this week that more trial home loan modifications offered to struggling homeowners are being canceled.
The U.S. Treasury said 277,640 trial loan modifications were cancelled in April compared to 155,173 in March. Why?
Mortgage servicers are disqualifying borrowers who have not met the [...]
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May 4th, 2010
Connecticut’s housing market got a boost in the first quarter, according to new statistics from The Warren Group.
No where was this more evident than in the upscale communities of Darien, Greenwich and Westport – home to affluent businessmen and all sorts of influential VIPs.
In Greenwich, single-family home sales more than tripled in the first three months [...]
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April 6th, 2010
A new poll shows that Americans think now is the time to buy a house.
More than 60 percent of respondents to a Fannie Mae survey said it was a good time to buy.
And judging from the latest housing report from The Warren Group, so do Connecticut residents.
The Warren Group reported that sales of [...]
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March 15th, 2010
If the last two to three months are any indication, Connecticut’s high-end housing market could be in for some significant gains this year.
A total of 300 single-family homes with prices tags of $800,000 and higher traded from December through mid-February, according to The Warren Group. That’s more than double the 141 homes that sold in [...]
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January 26th, 2010
New Canaan apparently has a “hot” housing market.
Brokerage firm ZipRealty reported this week that homes in the upscale town sold for an average of 105.5 percent of list price in last year’s fourth quarter.
There were no other Connecticut towns in ZipRealty’s analysis where homes were selling above the list price.
The median home price in New [...]
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