Residential Real Estate
Redfin: Pricier Homes Attracted More Offers Last Month
January 18, 2022 | ReprintsRedfin’s monthly report on demand for home sales in the country’s biggest metro areas found the prevalence of multiple offers on residential properties stayed steady into December.
Report Calls for End of Commission ‘Price Setting’
By Lew Sichelman | January 13, 2022 | Reprints | Unlock Link
Real estate commission rates are just one step below fixed, according to a new report from the Consumer Federation of America. And rising home prices are handing ammunition to those who say that has to change.
Milford Brokerage Leaves Real Living for Houlihan Lawrence
January 11, 2022 | Reprints | Unlock LinkMilford real estate brokerage Wareck D’Ostilio has dropped its affiliation with the Real Living real estate brand in favor of Westchester County-based Houlihan Lawrence.
Demand for Second Homes Stays Strong Heading Into 2022
By James Sanna | January 10, 2022 | ReprintsA new analysis of mortgage rate-locks by online brokerage Redfin has found that, nation-wide, demand for second homes was up 77 percent in December over 2019 levels.
Expect New Homes to Keep Getting Bigger
By Lew Sichelman | January 6, 2022 | Reprints | Unlock LinkSquare footage always increases in slow markets when the only people buying new houses are middle- and upper-income earners. But when the market speeds up, builders try to go smaller in an attempt to capture a larger share of sales.
Statewide Home Sales Up Year-Over-Year in November
By James Sanna | January 5, 2022 | Reprints | Unlock LinkConnecticut was on rack to register one of the largest numbers of single-family homes sold in a year as of Nov. 30, according to a new report from The Warren Group, publisher of The Commercial Record.
CT Among Top ‘Move Out’ States
By James Sanna | January 4, 2022 | Reprints | Unlock LinkUnited Van Lines’ 45th annual study of who is using its services suggests Connecticut continues to lose out to Sunbelt states, particularly as its residents retire.
A Record 4.5M Americans Quit their Jobs in November
By The Associated Press | January 4, 2022 | Reprints | Unlock LinkExperts say it’s a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.
Will Inflation Hurt Spring Demand for Homes? One Survey Says Yes
By James Sanna | December 29, 2021 | Reprints | Unlock LinkA new survey from Redfin suggests more than a quarter of prospective homebuyers nationwide are putting off their search due to rising prices.
Milford Brokerage Adds New Agents
December 27, 2021 | Reprints | Unlock LinkMilford’s Wareck D’Ostilio Real Estate has added four new agents to its roster, the company announced.
If It Smells, It Won’t Sell
By Lew Sichelman | December 16, 2021 | Reprints | Unlock LinkThere’s an old adage in real estate: “If it smells, it won’t sell.” And thanks to the pandemic, there are growing numbers of pets – and their smells – in houses hitting the market.
Realtor.com, Redfin Say ‘No’ to Crime Stats on Listings Sites
By James Sanna | December 15, 2021 | Reprints | Unlock LinkBoth companies said they were concerned crime statistics on listings pages promoted racial bias and may not be reliable.
It Pays to Heed Performance Dates
By Lew Sichelman | December 9, 2021 | Reprints | Unlock LinkIf you think the slog of going out week after week to find a house, and then beat competitors, is a marathon, get ready for the sprint.
October Home Sales Up 14 Percent Over Pre-COVID Level
By James Sanna | December 8, 2021 | Reprints | Unlock LinkConnecticut home prices may be higher than ever before, but that did not drag down the total number of home sales statewide compared to pre-pandemic levels.
Are Home Prices Headed for a Correction?
By Lew Sichelman | December 2, 2021 | Reprints | Unlock LinkThe housing market is not likely to implode like it did in 2008, when it ushered in what’s now known as the Great Recession. But could a price correction be coming?
Hilton Named Realtor of the Year
November 30, 2021 | Reprints | Unlock LinkGreater Hartford’s Realtors have honored one of their own as the best member of the real estate profession of 2021.
Redfin: Multiple Offers Flat in October
By James Sanna | November 29, 2021 | Reprints | Unlock LinkNationally, the rate of multiple-offer situations reported by Redfin agents stayed nearly constant from September to October, according to a new report from the low-fee brokerage.
Is Cold-Calling to Find a Willing Seller an Option?
By Lew Sichelman | November 25, 2021 | Reprints | Unlock LinkThe latest evidence indicates the market is tightening again – not loosening, as had been expected. At this writing, the number of new listings has declined for the seventh straight week. So, it’s time for serious buyers to start knocking on doors.
North Haven Brokerage Donates Thanksgiving Gift Baskets
November 24, 2021 | Reprints | Unlock LinkA North Haven-based real estate brokerage has donated over two dozen gift “baskets” to local families in need a part of its annual Thanksgiving traditions.
Redfin Top Economist Predicts Calmer 2022 Housing Market
By James Sanna | November 18, 2021 | Reprints | Unlock LinkAdd Redfin’s top economist to the ranks of high-profile residential real estate observers who think 2022 is going to be a lot closer to a “normal” housing market.
