Residential Real Estate
US Existing Home Sales Rise for Second Straight Month
U.S. home sales increased strongly in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season kicks off.
Four Pearce Realtors Named as Five Star Award Winners
Four Pearce Real Estate Realtors were recognized as 2018 Five Star Award winners in a survey conducted by Five Star Professional and published in the March issue of Connecticut Magazine.
Home Renovation Spending Strong in Q1, Expected to Continue
The robust pace of spending on home renovations and repairs is expected to stay strong over the coming quarters, according to the Leading Indicator of Remodeling Activity released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
House Leaders Backing $10 Surcharge on Homeowner Policies
Top Democratic leaders of the House of Representatives are throwing their support to a $10 surcharge on Connecticut homeowner policies to help residents with foundations crumbling because of an iron sulfide.
Freddie Mac Weekly Mortgage Rates
Treasury yields rose ahead of the release of the Fed’s Beige Book and speeches from New York Fed President William Dudley and Fed Governor Randal Quarles.
Are Lower Tax Rates Linked to Higher Home Appreciation?
Nobody likes getting tax bills, especially homeowners who are burdened with ever-escalating local property taxes.
Pearce’s Agents Recognized for Production Achievement
Pearce Real Estate named several agents that have earned the first quarter 2018 Production Achievement Award from the New Haven Middlesex Association of Realtors.
Freddie Mac Weekly Mortgage Rates
Mortgage rates have been holding steady over the past two months.
State Celebrates 50-Year Anniversary of Fair Housing Act, Proposes New Legislation
Members of the state legislature and fair housing advocates from across Connecticut recently celebrated the 50th anniversary of the passage of the federal Fair Housing Act, a key component of the Civil Rights Act of 1968.
Equity-Affluent Americans Have Options for Tapping into Funds
Americans are awash in record amounts of equity in their homes, posing the question for millions: So what do we do with it?
RE Developer Sentenced to Prison for Fraud
A real estate developer was sentenced to 85 months in prison for defrauding investors and lenders out of millions.
Senators Have New Plan to Help with Crumbling Foundations
Two Connecticut senators have plans to amend a bill awaiting Senate action with language to financially assist homeowners with foundations crumbling because of an iron sulfide.
Sales Drop, Prices Rise in February
Single-family home sales in Connecticut fell 3 percent in February compared to February 2017, while the median sale price spiked 7.2 percent, according to the latest report from The Warren Group, publisher of The Commercial Record.
Freddie Mac Weekly Mortgage Rates
After dropping earlier this week on trade-related anxiety in financial markets, the benchmark 10-year Treasury stabilized on Wednesday, but at a level slightly lower than from the start of last week. Mortgage rates followed and fell for the second consecutive week.
‘Tax Transcript’ Program Doesn’t Shield Borrowers’ Data
In an era of unceasing horror stories about breaches of sensitive consumer information, here’s some disquieting news for homebuyers: Federal auditors say the popular “tax transcript” program run by the IRS and used by millions of mortgage applicants a year lacks adequate security protections against disclosures of tax-return details to people who shouldn’t be allowed to obtain them.
Massachusetts Bank Opens Southport Lending Office
An Arlington, Massachusetts-based bank with more than $1 billion in assets has hired three veteran Connecticut lenders to staff its new office in Southport.
Average Home in Connecticut Requires Income of $75K
To afford an average home in Connecticut based on a 30-year mortgage and 10 percent down, one would need to make a salary of $75,280, according to a recent study by HowMuch.net.
Barclays to Pay $2B US Fine Over Mortgage Fraud Claims
Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday.
Freddie Mac Weekly Mortgage Rates
Treasury yields fell from a week ago helping to drive mortgage rates modestly lower.
Why Wannabe Sellers Are Looking but Not Listing Their Homes
Call them the frustrated wannabe sellers – eager to list their homes for sale this spring, but feeling locked out of their markets by severe inventory shortages and rising prices that are occurring in many parts of the country.
Residential Real Estate Bottom Block
