Residential Real Estate
CFPB Investigating Quicken’s Real Estate Affiliate
By Lew Sichelman | January 14, 2021 | Reprints | Unlock Link
In a little-known civil action, the Consumer Financial Protection Bureau is investigating the real estate affiliate of Quicken Loans for allegedly illegal kickbacks.
MBA Reports Drop in Loans in Forbearance
January 12, 2021 | Reprints | Unlock LinkThe Mortgage Bankers Association estimates 2.7 million homeowners nationwide are in forbearance plans.
Westville Apartments Sold for $50M
January 11, 2021 | Reprints | Unlock LinkA Westville apartment complex has been sold to a New Jersey investment firm for $50 million.
Susan Santoro Group Joins William Pitt Sotheby’s International Realty
January 11, 2021 | Reprints | Unlock LinkTop producing agent team the Susan Santoro Group has joined William Pitt Sotheby’s International Realty and will be based out of the Guilford office.
Real Estate, Banking Industries Respond to Capitol Siege
By James Sanna | January 7, 2021 | Reprints | Unlock LinkMajor figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
Coldwell Banker Donates $50K to St. Jude Children’s
January 7, 2021 | Reprints | Unlock LinkColdwell Banker Realty in Connecticut and Westchester, New York donated $50,000 to St. Jude Children’s Research Hospital following the brokerage’s annual fundraiser.
CT Lawmakers Greeted by Protests at Start of Unusual Session
By The Associated Press | January 7, 2021 | Reprints | Unlock LinkGreeted by hundreds of protesters waving signs, some chanting “you work for us,” Connecticut lawmakers on Wednesday officially convened what will be a highly unusual and possibly contentious legislative session
We’re Getting More Neighborly
By Lew Sichelman | January 7, 2021 | Reprints | Unlock LinkMore than two-thirds of those surveyed have gotten to know their neighbors better during the pandemic. Almost that many have made an effort to be more friendly than usual.
Connecticut Lost, Not Gained Residents Thanks to Pandemic, Study Says
January 5, 2021 | Reprints | Unlock LinkConnecticut politicians and real estate agents spend much of last year hailing news of well-heeled New York City denizens decamping for Fairfield County as a result of the pandemic as a sign the state was headed for a renaissance.
Milford Real Estate Agents Collect 200 Coats in Charity Drive
January 5, 2021 | Reprints | Unlock LinkAgents with Milford-based Pearce Real Estate say they collected over 200 coats and 80 pairs of gloves or mittens, along with ski pants, scarves and hats in their holiday coat drive.
Jobless Claims Down 19,000, Still Four Times Pre-Pandemic Level
By The Associated Press | December 31, 2020 | Reprints | Unlock LinkThe number of Americans seeking unemployment benefits fell by 19,000 last week to still historically high 787,000 as a resurgent coronavirus grips the U.S. economy.
US Home Values Rise at Fastest Pace in 6 Years
By The Associated Press | December 30, 2020 | Reprints | Unlock LinkU.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows.
Lamont Pleased So Far with State’s Vaccine Rollout
By The Associated Press | December 30, 2020 | Reprints | Unlock LinkGov. Ned Lamont and a top advisor said Monday they’re pleased so far with the pace of vaccinations in Connecticut despite concerns the nation is behind where it should be in the race to deliver the shots.
Housing Affordability Slips in Hartford
December 29, 2020 | Reprints | Unlock LinkThe super-sellers market in Greater Hartford is putting homes out of reach for an increasing number of potential buyers, a new study has found.
Connecticut Lost Out on Population Growth from ’19 to ’20
December 29, 2020 | Reprints | Unlock LinkWhile most New England states are losing population, New Hampshire has continued its trend of modest gains, according to the latest U.S. Census Bureau estimates.
Holiday Sales Tick Up as Shoppers Invest in Their Homes
By The Associated Press | December 29, 2020 | Reprints | Unlock LinkRetail sales increased a modest 3 percent during a longer holiday season this year, as homebound shoppers spent more on furnishing and food but less on clothing and jewelry, according to figures released Saturday by a firm that tracks all forms of payments.
Trump Relents, Signs COVID Relief
By The Associated Press | December 28, 2020 | Reprints | Unlock LinkPresident Donald Trump has signed a $900 billion pandemic relief package, ending days of drama over his refusal to accept the bipartisan deal.
Benchmark U.S. 30-year Mortgage Drops to Record Low 2.66 Percent
By The Associated Press | December 24, 2020 | Reprints | Unlock LinkU.S. long-term mortgage rates dropped this week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic.
Townhomes Have Evolved into an Effective Alternative
By Lew Sichelman | December 24, 2020 | Reprints | Unlock LinkPeople shopping for new, more spacious single-family houses in this heated market may be overlooking places that meet most, if not all, of their needs: townhouses and condominiums.
Developers Restructure 554-Unit Apartment Portfolio in Downtown Hartford
By Steve Adams | Commercial Record Staff | December 23, 2020 | Reprints | Unlock LinkDeveloper LAZ Investments LLC is expanding its multifamily portfolio with a 50-percent acquisition of 554 apartments in downtown Hartford.
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