Leadership Change at First County Advisors
Dave Metzgar, the founder and leader of Stamford-based First County Bank’s wealth management division, will retire next month, and Charles B. Carroll Jr. will take over as the new leader.
1 in 5 Think Climate Change Hurts Their Home’s Value
A new report from Redfin finds that 21 percent of the of 2,000 Americans the company surveyed believe the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home values in their area.
State Unemployment Rate Drops Again as Many Industries Grow
Seven of 10 industry supersectors that make up the state economy showed growth
Remodeling Upturn Expected to Last into 2022
Growth in improvement and repair expenditures to owner-occupied homes is expected to remain solid throughout the year and into 2022 according to a new study.
Connecticut Home Prices Spike 25 Percent
Connecticut home prices registered double-digit gains in February as median single-family prices hit $300,000 and sales volume rose to a 16-year high.
Will Inventory Rise as COVID Wanes? Experts Are Divided
It’s the biggest question in Connecticut real estate today: Will we ever get enough single-family inventory on the market to slow down massive price increases?
Guaranteed Rate Creates Two DEI Roles
Mortgage lender Guaranteed Rate has created two new roles to advance its diversity, equity and inclusion efforts.
Powell Defends Fed’s Consideration of Climate Change Risk
Federal Reserve Chair Jerome Powell on Wednesday defended the Fed’s increasing scrutiny of the threat that climate change could pose to the health of the nation’s banks.
Bill Barring Birth Dates on Job Applications clears Senate
Connecticut employers could soon be prevented from asking for a job applicant’s date of birth, school graduation or school attendance dates, under a bill that unanimously cleared the state Senate on Wednesday.
Bidding Wars Up as Spring Market Opens
Nearly two-thirds of home offers written by Redfin agents across the country in March faced competition, a new report says.
Report: UPS Signs Lease for Windsor Development
Windsor’s latest distribution center could rise following the signing of a lease.
Shot Providers Try to Swap Out J&J Vaccine Amid Pause
Vaccine providers across Connecticut were busy rescheduling appointments Tuesday for the one-dose Johnson & Johnson vaccine.
16 Projects Split $49M in State Affordable Housing Funding
A new round of state funding will help finance the development of hundreds of new affordable housing units around the state.
Nuveen Buys Darien CRE Lender
Commercial real estate lender Greenworks Lending, which focuses on funding energy efficiency projects for multifamily and other real estate projects, has been bought by an arm of a large pension fund.
Mutual Security Credit Union Completes Acquisition
Bethel-based Consolidated Controls Corp. Federal Credit Union has merged into Shelton-based Mutual Security Credit Union, with the transaction completed on April 1.
Report: State Rent Relief Fund Underused
With three weeks under its belt, Connecticut’s landlord and renter relief fund is seeing fewer applicants than expected, according to a new report.
Big Biz Urge Biden to Make Big Emissions Cut by 2030
More than 300 businesses and investors, including such giants as Apple, Google, Microsoft and Coca-Cola, are calling on the Biden administration to set an ambitious climate change goal
Ion Bank Foundation Awards $70K in Grants
Ion Bank’s charitable foundation has awarded $70,025 in grants to 201 nonprofit organizations as part of its Community Awards Program.
CHFA Relaunches Mobile Home Purchase Loan Program
The Connecticut Housing Finance Authority has relaunched its mobile manufactured home purchase loan program, and added a refinance loan option, as well.
Construction Industry Sounds Alarm as Supply Chain Issues Spike Materials Costs
Calling a spike in construction materials costs “unprecedented,” the Association of General Contractors of America is warning of challenges facing construction firms and likely slowdowns in construction projects.
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