Residential Real Estate
Industry Figures React to Week of Upheaval Over Minneapolis Killing
By James Sanna | June 2, 2020 | ReprintsIn the wake of nation-wide protests and, in some cases, clashes with police and looting, local and national figures in the real estate and banking industries have largely condemned the violence alongside the killing of a Black Minneapolis man, George Floyd, while in police custody.
Yale Move Hints at Fall Semester Plans
June 1, 2020 | Reprints | Unlock Link
Yale plans to push the end of its fall semester and final exams into an online-only mode, the university said in an open letter on its website.
Free Mobile Coronavirus Testing Launches in Hartford Area
By The Associated Press | May 29, 2020 | Reprints | Unlock LinkExpanded free mobile testing for COVID-19, with no prescriptions required, has begun in several Connecticut cities. It’s part of the state’s effort to ramp-up testing of people living in densely populated areas to help keep tabs on possible flareups.
Consumer Spending Sinks by Record in Face of Virus
By The Associated Press | May 29, 2020 | Reprints | Unlock LinkU.S. consumer spending plunged by a record-shattering 13.6 percent in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
41M Have Lost Jobs Since Virus Hit, but Layoffs Slow
By The Associated Press | May 28, 2020 | Reprints | Unlock LinkIn Connecticut, 16,584 filed, over 9,300 fewer than filed last week, according to the federal Labor Department, a significant drop continuing a trend of week-over-week declines since the state’s retail and hospitality sectors, among others, largely shuttered due to the coronavirus.
Healthy Homes Take Center Stage
By Lew Sichelman | May 28, 2020 | Reprints | Unlock LinkFor all the personal and financial damage the coronavirus pandemic has caused, it has also given new impetus to what had been a slow-moving trend toward healthier homes. And it’s easy to see why.
Purchase Mortgage Apps Rise Again
May 27, 2020 | Reprints | Unlock LinkIn a sign that the spring market could soon take off, purchase mortgage applications across the country increased for the sixth consecutive week, according to the Mortgage Bankers Association’s latest survey.
Congress Weighs Choice: ‘Go Big’ on Virus Aid or Hit ‘Pause’
By The Associated Press | May 26, 2020 | Reprints | Unlock LinkWith more than 38 million unemployment claims, the Republican response centers on kick-starting the economy to reduce the need for more federal intervention.
CT Unemployment Claims Up 26K
May 21, 2020 | Reprints | Unlock LinkAnother 26,000 Connecticut residents filed first-time jobless claims for the week ending May 16, bringing the total number of first-time jobless claims filed since March 15 up to just shy of 30 percent of the state’s March workforce.
Closings Go High and Low
By Lew Sichelman | May 21, 2020 | Reprints | Unlock LinkTitle companies are pulling out all the stops to get deals closed during the COVID-19 pandemic. But they say the best way to close – not just during the outbreak, but moving forward – is electronically.
Fed Chair: Full Recovery Unlikely Without Vaccine
By The Associated Press | May 18, 2020 | Reprints | Unlock LinkFederal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn’t erupt in a second wave.
Lamont to Go Ahead with May 20 Reopening Despite Concerns
By The Associated Press | May 15, 2020 | Reprints | Unlock LinkDespite a call on Thursday by a group of Democratic state senators to delay plans to begin phasing out Connecticut’s COVID-19 restrictions next week, Gov. Ned Lamont said his administration is still moving ahead carefully toward the planned May 20 partial reopening of certain Connecticut businesses.
CDC Releases Edited Coronavirus Reopening Guidance
By The Associated Press | May 15, 2020 | Reprints | Unlock LinkU.S. health officials on Thursday released some of their long-delayed guidance that schools, businesses and other organizations can use as states reopen from coronavirus shutdowns.
Some Buyers, Sellers Soldier On
By Lew Sichelman | May 14, 2020 | Reprints | Unlock LinkNew and existing houses aren’t selling like they were prior to the pandemic. But people are still transacting.
Greater Hartford Housing Market Coming Back to Life
By James Sanna | May 13, 2020 | Reprints | Unlock LinkGreater Hartford’s residential real estate market is showing initial signs it could be coming back to life, with new listings up significantly on a week-over-week basis on the high and low ends of the market.
Lamont Fires Health Commissioner Amid Pandemic
By The Associated Press | May 13, 2020 | Reprints | Unlock LinkGov. Ned Lamont announced Tuesday – a day after Connecticut surpassed 3,000 coronavirus deaths – that he had replaced the public health commissioner, a change a state official said was made because of missteps dating to last year.
Economists Warn of ‘W-Shaped’ Recovery as States Reopen
By The Associated Press | May 12, 2020 | Reprints | Unlock LinkAs President Donald Trump and many Republicans press to reopen the economy, some experts see an ominous risk: That a too-hasty relaxation of social distancing could ignite a resurgence of COVID-19 cases by fall, sending the economy back into lockdown.
Growth of Loans in Forbearance Slows Further, but Calls Increase to Servicers
May 12, 2020 | Reprints | Unlock LinkThe latest Mortgage Bankers Association survey shows the rate of mortgage loans going into forbearance slowed still further last week.
Casino Virus Closures Sting Eastern Connecticut
By The Associated Press | May 11, 2020 | Reprints | Unlock LinkUnemployment in eastern Connecticut is soaring, despite relatively few cases of COVID-19 in the region, largely because the pandemic forced two giant casinos to suspend operations.
National Polls Offer Different Visions of Housing Market
May 11, 2020 | Reprints | Unlock LinkA pair of national polls, one of Realtors and the other of consumers, offer contrasting views of the housing market under the COVID-19 pandemic.
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