Residential Real Estate
Despite Rate Hikes, U.S. Homebuyers Show ‘Resiliency’
By James Sanna | May 12, 2022 | Reprints | Unlock Link
Even as mortgage interest rates hit levels not seen since the fall of 2009, early indications show America’s prospective homebuyers appear to be adapting, not quitting the market.
Agent Fees Are Negotiable? Yeah, Right
By Lew Sichelman | May 12, 2022 | Reprints | Unlock LinkAs far as the listing agent goes, commissions are negotiable – at least in theory. In practice, though, they hardly ever are, according to a hard-hitting report from the Consumer Federation of America.
Old Saybrook Realtor Elected to Senior NAR Post
May 11, 2022 | Reprints | Unlock LinkJoanne Breen, the former president of the CT Realtors statewide trade group, has been elected to a senior post with the National Association of Realtors.
CT Launches Mortgage Relief Program
May 9, 2022 | Reprints | Unlock LinkAs concerns about a recession caused by interest rate hikes rise, Gov. Ned Lamont’s office announced a new relief program for homeowners struggling with their mortgages.
What Does the Fed’s Rate Hike Mean for the Housing Market?
By James Sanna | May 6, 2022 | Reprints | Unlock LinkIn the wake of the Federal Reserve’s decision to move forward with its long-hinted-at half-percent interest rate hike, two leading real estate industry economists said they don’t expect the rocket-like rise in mortgage rates to continue much longer.
Connecticut Sees Urban Migration to Affordability
By Cameron Sperance | Special to The Commercial Record | May 5, 2022 | Reprints | Unlock LinkSupply might be limited, but the places where home prices significantly soared in the last year concentrated at the most expensive as well as the most affordable segments of the market, like Bridgeport.
Stopping ‘Legal’ Tax Lien Thievery
By Lew Sichelman | May 5, 2022 | Reprints | Unlock LinkDeborah Foss is a 67-year-old grandmother who survives on a small fixed income from Social Security. She has several medical conditions, including chronic lymphocytic leukemia, COPD and neuropathy. Why did state officials take her house away?
As Mortgage Rates Rise, Housing Affordability the Worst in Years
By James Sanna | May 3, 2022 | Reprints | Unlock LinkBy three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
Homebuilder Incentives on the Horizon
By Lew Sichelman | April 28, 2022 | Reprints | Unlock LinkShort-term interest rate buy-downs and free or discounted upgrades may soon be coming to a housing market near you.
Older People Fret Less About Aging in Place: AP-NORC Poll
By Ricardo Alonso-Zaldivar | The Associated Press | April 27, 2022 | Reprints | Unlock LinkAssociated Press-NORC Center for Public Affairs Research poll found that U.S. adults ages 65 or older feel much better prepared to age in their own homes than those 50-64, who are mostly still in the final stretches of their working years.
Homebuilder Incentives on the Horizon
By Lew Sichelman | April 21, 2022 | Reprints | Unlock LinkShort-term interest rate buy-downs and free or discounted upgrades may soon be coming to a housing market near you.
Homebuying Frenzy Continues Despite Obstacles
By Lew Sichelman | April 14, 2022 | Reprints | Unlock LinkWits’ End would make an appropriate name for a new subdivision in today’s wild housing market. While there’s not yet such a place on the map, many would-be buyers are quickly running out of patience.
Mortgage Applications Drop Slightly in Latest MBA Survey
April 13, 2022 | Reprints | Unlock LinkMortgage applications decreased 1.3 percent from one week earlier; however, both conventional and government purchase applications increased.
Study Finds Single Buyers Increasingly Priced Out of Starter Homes
April 12, 2022 | Reprints | Unlock LinkA new study from PropertyShark finds home prices continue to outpace wage growth in many urban centers, preventing single-income buyers from entering the market.
Redfin: Second-Home Boom Is Coming to an End
April 11, 2022 | Reprints | Unlock LinkDemand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest level since May 2020, according to a new report from Redfin.
Darien Selectmen Seek $100M Estate
April 5, 2022 | Reprints | Unlock LinkDarien town officials hope to buy a $100 million seaside estate built by a baking soda tycoon 100 years ago.
Earth ‘Firmly on Track Toward an Unlivable World,’ Top Scientists Warn
By Frank Jordans and Seth Borenstein | The Associated Press | April 5, 2022 | ReprintsTemperatures on Earth will shoot past a key danger point unless greenhouse gas emissions fall faster than countries have committed, the world’s top body of climate scientists said Monday
Dallas Fed Researchers Warn of Housing ‘Bubble’
By James Sanna | April 4, 2022 | Reprints | Unlock LinkA team of researchers at the Federal Reserve Bank of Dallas issued a stark warning last week that American home prices “are again becoming unhinged from fundamentals.”
The Quest for More Square Footage Continues
By Lew Sichelman | March 31, 2022 | Reprints | Unlock LinkIn the hunt for more space, houses are being built larger, with more amenities packed both inside and outside their walls. Last year, the average new house was 2,561 square feet.
Loan Applications Show Home Demand Has Held Steady
By James Sanna | March 30, 2022 | Reprints | Unlock LinkDemand for purchase mortgages appears to be holding steady even as interest rates rapidly rose to nearly 4.5 percent over the last month.
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