Residential Real Estate
Borrowers Fake Income, Employment to Buy Homes
Prices are up, interest rates are rising and it’s tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.
East Hartford Mortgage Lender to Terminate Expansion and Begin Layoffs
An East Hartford-based national mortgage lender is terminating a planned expansion of its Connecticut headquarters and laying off up to 35 employees after a dispute with state banking regulators.
Simon Konover Organizes Event to Support Local Camps, Raises over $175K
Simon Konover Co. of New Haven helped organize and fund the 10th Annual Camp Challenge for The Hole in the Wall Gang Camp, a camp providing programming to seriously ill children and their families in the Northeast.
A RE/MAX Hot Air Balloon Will Appear to Raise Awareness for Scholarship Fund
New Haven real estate brokerage RE/MAX Showcase will sponsor a 70-foot-tall hot air balloon to appear at the Denali’s Run the Gauntlet 5K Race at Lighthouse Point Park on Oct. 21.
Should Ethics Violations Be Available to the Public?
In an era when you can find almost anything you want to know online about real estate – the estimated market value of a house, the rankings of neighborhood schools, crime rates, walkability and much more – there’s one important subject that’s difficult for consumers to check out: Ethics infractions by local Realtors, including agents you might want to hire to list your house or help you buy.
Fire Destroys Home in Shelton
Fire officials in Connecticut are investigating a blaze that destroyed a home.
Hope Is on the Horizon for Homebuyers in Gig Economy
Here’s some promising news for self-employed entrepreneurs, “gig” economy workers and small business owners: There’s a bipartisan push underway on Capitol Hill to make the home mortgage process a lot easier
CT Labor Force to Grow at Slower Pace than U.S.
Connecticut’s labor force is expected to grow at a slower pace than the rest of the country in the coming years.
Bridgeport and Waterbury Worst Among Worst Real Estate Markets in the Country
Bridgeport and Waterbury are ranked in the bottom ten of WalletHub’s newest ranking of real estate markets in the country. Out of 300 cities, Waterbury ranked 291, Bridgeport ranked 290 and Hartford ranked 283.
First World Mortgage Opens New Location
West-Hartford based First World Mortgage Corp. opened its eighth location last week in Watertown.
Realtor in Court on Charges of Leaving Girls in Hot Car
A 38-year-old Connecticut real estate agent faces a judge after being charged with leaving his young daughters in a hot car for about 20 minutes as he showed a listing.
Hartford Rents Grow for Third Consecutive Month
Rent in Hartford has increased slightly for the third straight month, increasing by 0.2 percent over August.
Malloy Appeals for Storm Assistance
Gov. Dannel Malloy filed an appeal with the Federal Emergency Management Agency (FEMA) requesting that the denial of individual assistance for homeowners in New Haven and Fairfield counties be reversed.
Real Estate Agent Arrested After Leaving Young Girls in Hot Car
A Connecticut real estate agent has been charged with leaving two young girls in a hot car for about 20 minutes as he showed a listing.
Freddie Mac: Mortgage Rates Tick Up
The 30-year fixed-rate mortgage barely inched up this week, continuing the summer trend of essentially being flat.
Relaxed FHA Requirements Provide Path for Would-Be Buyers
Is it easier today for homebuyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years?
Lighting and Gas Companies Grant $2K to Homes for the Brave
United Illuminating of New Haven and Southern Connecticut Gas of East Hartford have donated $2,500 to Bridgeport nonprofit Homes for the Brave.
Home Sales Spike in July as Sale Price Hovers at Five-Year High
Single-family home sales in Connecticut increased in July on a year-over-year basis while the median sale price hovered at a five-year high, according to the latest report from The Warren Group, publisher of The Commercial Record.
GHAR Raises $3K for Local Homelessness Nonprofit
The Greater Hartford Association of Realtors raised over $3,330 for the Coalition on Housing and Homelessness. The nonprofit will use the funds to streamline the process for homeless individuals and families to access housing in Middlesex County, Meriden and Wallingford.
REPORT: Millennials Use Retirement Funds for Down Payments
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
