Valley Officials OK Land Sale for Amazon Warehouse
Officials in neighboring Naugatuck Valley cities formally approved the sale of municipally-owned land needed for a large, planned Amazon warehouse.
James Sanna
Despite Rate Hikes, U.S. Homebuyers Show ‘Resiliency’
Even as mortgage interest rates hit levels not seen since the fall of 2009, early indications show America’s prospective homebuyers appear to be adapting, not quitting the market.
What Does the Fed’s Rate Hike Mean for the Housing Market?
In the wake of the Federal Reserve’s decision to move forward with its long-hinted-at half-percent interest rate hike, two leading real estate industry economists said they don’t expect the rocket-like rise in mortgage rates to continue much longer.
As Mortgage Rates Rise, Housing Affordability the Worst in Years
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.
Wealth Firm Relocates to Stamford, Adds Square Footage
State grants are helping a Darien wealth management firm relocate to Stamford and expand its physical footprint, Gov. Ned Lamont’s office said in an announcement.
Struggling Waterbury Mall Sells for $44.9M
Waterbury’s struggling Brass Mill Center and the neighboring Brass Mill Commons retail center fetched a combined total of nearly $45 million last week after the former owners decided to sell.
New Haven Historic Apartment Conversion Sells for $52M
A prominent piece of New Haven’s skyline attracted a cross-border investor earlier this month.
Hartford’s Bronin Reveals Details of Big Mil Rate Cut
Hartford’s mayor formally proposed a major cut to the city’s highest-in-Connecticut property tax rate, part of a plan intended to lure more development.
Trumbull Mall Owner Could Look to Sell
International mall operator Unibail-Rodamco-Westfield has announced it plans to exit the United States market and focus on its holdings elsewhere around the globe.
Dallas Fed Researchers Warn of Housing ‘Bubble’
A team of researchers at the Federal Reserve Bank of Dallas issued a stark warning last week that American home prices “are again becoming unhinged from fundamentals.”
Simsbury Apartments Fetch $48M
A large Simsbury apartment complex has traded hands for $48 million, according to town property records.
Loan Applications Show Home Demand Has Held Steady
Demand for purchase mortgages appears to be holding steady even as interest rates rapidly rose to nearly 4.5 percent over the last month.
Conn. on Track for More Homebuilding in 2022
Monthly housing permit figures released by state officials last week suggest Connecticut’s housing production is off to a strong start in 2022.
Compass Now Largest Brokerage, KW Retains Top Franchise Brand Spot
Compass has dethroned the competition to become the top residential real estate company by sales volume, according to real estate consulting firm T3 Sixty’s annual Real Estate Almanac report.
Hampden Industrial Building Sells for $2.17M
An industrial property in Hampden has traded hands for $2.17 million.
Second-Home Demand Retreats as Mortgage Rates Rise
Demand for second-home mortgages took a nosedive in February, a new report says.
Manchester Officials Call for New Parkade Proposals
Manchester officials hope to attract a new developer to turn the troubled Parkade site into a “high-quality” mixed-use neighborhood.
Mortgage Rates Jump Past 4 Percent
The era of low mortgage rates appears to be over.
Hartford Mayor Plans Property Tax Cut
Hartford Mayor Luke Bronin wants to shed his city’s crown as the place with the highest property tax rate in the state.
Private Island in Thimbles Sells for $3M
A private island in Branford has sold for $3 million.
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