Redfin: Pricier Homes Attracted More Offers Last Month
Redfin’s monthly report on demand for home sales in the country’s biggest metro areas found the prevalence of multiple offers on residential properties stayed steady into December.
Survey Shows Transformation of Business, Consumer Banking
Almost three-quarters of consumers and businesses said the pandemic has permanently changed how they interact with financial institutions, according to a recent survey by Citizens Bank.
Kitchen Supplier Leases Space in Guilford Warehouse
A supplier of commercial kitchen equipment has committed to a three-year lease at a Guilford industrial property.
Survey: Community Banks Increasingly Concerned About Profits
While community bankers in December had a slightly more optimistic outlook about future business conditions and the economic outlook compared to the end of 2020, bankers are expressing more concerns about future profitability, according to the Conference of State Bank...Big Bank Profits Soared in 2021
Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.
Stamford Investor Buys Boston-Area Office Park for $36.5M
A Chilean real estate investor with U.S. offices in Stamford has entered a joint venture to acquire a Boston-area office and medical campus for $36.55 million.
Cromwell Red Lion Hotel Eyed for Apartments
A Hartford apartment developer is in the early stages of proposing to redevelop a defunct hotel near the Interstate 91-Route 9 interchange in Cromwell.
Doctors Believe Latest Surge May be Peaking in CT
Doctors at Connecticut’s two largest health care systems say they believe the latest wave of the COVID-19 pandemic may be peaking in the state.
Raskin Nomination Puts Climate on Fed’s Regulatory Agenda
President Joe Biden announced the nomination of Sarah Bloom Raskin, a former Fed and Treasury official, for the Federal Reserve Board’s top regulatory slot on Friday in a move that could lead to climate concerns being incorporated into bank regulation.
Commercial Building Sells for $513K in Portland
An office building in the Middletown suburb of Portland has traded hands for $513,000.
Lamont Says He May Need Narrow Extension of COVID Powers
Connecticut Gov. Ned Lamont and Senate President Pro Tempore Martin Looney on Wednesday left open the possibility the governor’s emergency powers may be extended.
Powell, Brainard, Biden Feel Pressure from Inflation’s Rise
As Americans ramped up spending, supply chains remained squeezed by shortages of workers and raw materials and this magnified price pressures.
Report Calls for End of Commission ‘Price Setting’
Real estate commission rates are just one step below fixed, according to a new report from the Consumer Federation of America. And rising home prices are handing ammunition to those who say that has to change.
Redfin Moves into CT Mortgage Market with Acquisition
Discount brokerage Redfin has agreed to acquire mortgage lender Bay Equity Home Loans in a move Redfin said would increase its scale and efficiency while giving customers more lending options.
US Inflation Soared Last Year, Most Since 1982
Inflation jumped at its fastest pace in nearly 40 years last month, a 7 percent spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden
NBT Launches Bank On Account
NBT Bank has joined a growing number of institutions offering an account aimed at helping to bring more unbanked and underbanked people into the mainstream financial system.
Fieldpoint Private to Sell Wealth Management Business
Greenwich-based Fieldpoint Private has agreed to sell its wealth management division in a deal that will keep its bank independent.
62 Units Planned for Ex-Factory in Downtown New Britain
Plans to convert a large former factory in downtown New Britain into apartments took a step closer to realization last week when the state awarded the city and the building’s owner a large environmental cleanup grant.
Milford Brokerage Leaves Real Living for Houlihan Lawrence
Milford real estate brokerage Wareck D’Ostilio has dropped its affiliation with the Real Living real estate brand in favor of Westchester County-based Houlihan Lawrence.
BofA Reduces Overdraft Fee, Eliminates NSF Fee
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.
