by The Commercial Record | Apr 5, 2024 | CR Daily, Industry News, Residential Real Estate
Millennials have surged ahead to become the largest group of homebuyers, marking a significant shift in the housing market’s demographic landscape, according to the latest report from the National Association of Realtors.
by James Sanna | Apr 4, 2024 | Commercial & Industrial, CR Daily, Industry News
New Haven city leaders want to allow housing next to the city’s Metro-North depot – but only after it passes a lengthy, expensive special permit process.
by James Sanna | Apr 3, 2024 | CR Daily, Industry News, Residential Real Estate
A new survey of Baby Boomers and members of the Silent Generation commissioned by brokerage and listings portal Redfin has dismaying news for anyone hoping for a “silver tsunami” of downsizers bringing their houses to market.
by James Sanna | Apr 3, 2024 | Commercial & Industrial, CR Daily, Industry News
Multifamily operators are seeing their properties’ running costs continuing to grow, albeit at a slower rate than in years past according to a new report from real estate data firm Yardi Matrix.
by The Commercial Record | Apr 2, 2024 | Commercial & Industrial, CR Daily, Industry News
Two prominent multifamily developers in New Haven are teaming up to build another big apartment complex just outside of the city’s downtown.
by James Sanna | Apr 2, 2024 | CR Daily, Industry News, Residential Real Estate
A new analysis predicts that the average annual cost of home insurance in America will hit a record high this year, and that Connecticut homeowners will likely see a 9 percent increase in their rates.
by The Commercial Record | Apr 1, 2024 | Banking & Lending, CR Daily, Industry News
Thomaston Savings Bank promoted three new executives, including a new executive vice president, on Friday.
by The Associated Press | Apr 1, 2024 | Banking & Lending, CR Daily, Industry News
Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2 percent target.
by The Commercial Record | Mar 29, 2024 | CR Daily, Industry News, Residential Real Estate
As Shelton real estate firm William Raveis Real Estate, Mortgage, and Insurance celebrated its golden anniversary this week, its real estate agents, loan originators and other workers got a surprise from Connecticut’s governor.
by James Sanna | Mar 29, 2024 | Banking & Lending, CR Daily, Industry News
Cooke led Chase through a huge expansion in its New England branch footprint as it sought to convert many credit card customers to deposit and loan clients.
by The Commercial Record | Mar 28, 2024 | Commercial & Industrial, CR Daily, Industry News
Life science real estate may be struggling nation-wide thanks to a slowdown in new funding for biotech startups tied to high interest rates, but that’s not stopping one New Haven developer.
by Lew Sichelman | Mar 28, 2024 | CR Daily, Industry News, Opinion, Residential Real Estate
Nothing turns up buyers’ noses faster than a smelly house. They walk in, stop, take a whiff and are ready to turn around and leave. Some won’t even go beyond the front door.
by James Sanna | Mar 27, 2024 | Banking & Lending, CR Daily, Industry News
2023 was a tough year for many kinds of real estate lending last year, but banks, credit unions and mortgage companies active in Connecticut put in a strong showing, with some even managing to increase their loan totals year-over-year.
by The Commercial Record | Mar 27, 2024 | Banking & Lending, CR Daily, Industry News
Stamford-based Webster Bank announced this week that longtime chief financial officer Glenn MacInnes is planning to retire.
by James Sanna | Mar 26, 2024 | Commercial & Industrial, CR Daily, Industry News
A new analysis by researchers at commercial brokerage JLL has concluded that a high level of amenities is the key difference between buildings that kept or gained tenants over the last four years, and those that lost tenants.
by James Sanna | Mar 25, 2024 | Commercial & Industrial, CR Daily, Industry News
A building housing an M&T Bank branch in West Hartford traded hands last month for nearly $7 million.
by The Associated Press | Mar 21, 2024 | Banking & Lending, CR Daily, Industry News
In new quarterly projections they issued, Fed officials forecast that stronger growth and stubborn inflation would persist, meaning the central bank’s benchmark interest rate will stay higher for longer.
by The Commercial Record | Mar 21, 2024 | Commercial & Industrial, CR Daily, Industry News
A pair of nearby commercial properties in Orange have sold in separate transactions for a combined $2.5 million.
by James Sanna | Mar 20, 2024 | Banking & Lending, CR Daily, Industry News
Liberty Community Services of New Haven has been awarded a two-year, $120,000 grant from KeyBank, through its foundation, that will pay for new vehicles so the nonprofit can reach the 2,400 people it serves every year.
by The Commercial Record | Mar 19, 2024 | Banking & Lending, CR Daily, Industry News
Guilford Savings Bank announced its annual charitable contributions last year totaled over $300,000.