Industry News

CoreLogic Reports Big Increases In Homeowner Equity Nationwide

U.S. homeowners with mortgages – roughly 63 percent of all homeowners – have collectively seen their equity increase 11.8 percent year over year a gain of $870.6 billion since the third quarter of 2016, according to a new home equity analysis from CoreLogic.

LendingClub Stock Price Plunges

Shares of LendingClub continued to perform poorly yesterday, falling more than 22 percent and reaching $3.29 at one point, an all time low for the online lender, according to Reuters.

Video: CCEA’s Peter Gunther Details CT Economic Outlook

Connecticut currently has the highest unemployment rate in New England at 4.5 percent, with that number expected to increase to 5.7 percent by 2021, according to projections given at the New England Economic Partnership’s economic outlook conference in November.

Redfin Diversity Report Shows Some Progress

In its annual diversity report, Redfin reports having made a slight gain in gender diversity and modest gains in racial diversity in 2017. The company said successful pilot programs designed to increase diversity will be rolled out company-wide next year and are expected to hasten the pace of increasing diversity.

Rates Rise Across The Board

Rates Rise Across The Board

This week’s survey reflects last week’s uptick in long-term interest rates, with the 30-year fixed mortgage rate up 4 basis points to 3.94 percent. The 30-year mortgage rate has been bouncing around in a 10 basis point range since September.

Rebuilding The Guts Of A Downtown

Rebuilding The Guts Of A Downtown

Gerry Amodio is a self-described “New Britain lifer,” but it wasn’t until 2010 that his passion for supporting the community became a fulltime job. He sold his family moving and storage business to take on the leadership of the New Britain Downtown District, which collects a property tax surcharge from 85 owners of 112 properties for police patrols, community events and placemaking. The city has seen a rebound in private investment in recent years, as developers focus on building multifamily housing in the downtown core with such projects as the $58 million Columbus Commons complex.

Tax Proposal Could Carry High Costs For Many Homeowners

Tax Proposal Could Carry High Costs For Many Homeowners

Whether you already own a home or are thinking of purchasing, the new tax legislation pending before Congress poses serious questions: Am I going to get smacked with punitive new taxes? Will the value of my home decrease because previous real estate tax benefits have been stripped away? Or am I one of the lucky ones, well insulated against big losses?

Single-Family Home Sales Up In October

Single-family home sales in Connecticut jumped 3.8 percent in October compared to October 2016, according to the latest report from The Warren Group, publisher of The Commercial Record.

Glastonbury Payments Company Raises $6M In Funding

Payrailz, a Glastonbury-based digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions, has raked in $6.1 million from a group of investors including Webster Bank, the company announced earlier this week.