Residential Real Estate
Frozen Credit Files Can Slow Mortgage Process
Nearly a year after the catastrophic Equifax hack exposed 147 million Americans’ personal and financial data to cybercriminals, consumers are about to get a break – something especially useful for homebuyers and owners.
U.S. Household Debt Hits New Highs in Q2
Total household debt hit new highs in the second quarter of the year and has now increased for 16 consecutive quarters.
New Real Estate Brokerage Firm Vows to Give Back
Connecticut Real Estate Brokerage LLC, a new firm in Thomaston, is opening with the intent to donate a portion of its revenues back to the community.
‘Score Planner’ Tool Offers Customized Path to Better Credit
If you’re seriously thinking about buying a home in the months ahead, you almost certainly know how important your FICO credit score will be in getting a mortgage.
Consumer Credit Slows in June
The growth of consumer spending slowed in June, coming in under projections of economists, according to recent data from the Federal Reserve.
Escrow-Free Loans Raise Credit-Risk Questions
Do you really need an escrow account attached to your mortgage? Aren’t you capable of remembering when it’s time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess.
Single-Family Home Sales Slow in June, Median Price Climbs to Five-Year High
Single-family home sales in Connecticut decreased in June on a year-over-year basis as the median sale price climbed to a five-year high, according to the latest report from The Warren Group, publisher of The Commercial Record.
U.S. Consumer Spending Increases Solidly in June
U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
Closing Costs Can Bust a Homebuyer’s Budget
In the emotional rush that precedes buying a home – negotiating contract details and price, beating away rival bidders, searching for the best mortgage deal – closing costs often aren’t a pressing concern.
Connecticut House Being Raised onto Pilings Collapses
A Connecticut house that was being raised onto concrete pilings collapsed, injuring one worker.
Could Baby Boomers Spur a Housing Bust?
Will Baby Boomers turn into party poopers when they unload their homes in large numbers starting in the next decade?
U.S. Retail Sales Grow in June
U.S. retail sales for the month of June were $506.8 billion, an increase of 0.5 percent from the prior month and up 6.6 percent year-over-year, according to the Census Bureau.
Five CT Cities Rank in Bottom Half of Best Places for First-Time Homebuyers
The latest analysis from consumer website WalletHub ranks five Connecticut cities in the bottom half of best places for first-time homebuyers across the county.
KeyBank Arranges $59.5M in Financing for Two Hartford Area Properties
KeyBank Real Estate Capital has secured $59.5 million in financing for two separate multifamily properties in South Windsor and Windsor.
Shorten Your ‘Cycle Time’
Whether it’s the time it takes to generate a lead, convert a lead, take a listing, show buyers property or close a sale, every aspect of the real estate business has a different cycle time.
U.S. Home Refinancing Requests Drop to Lowest Since 2000
U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.
State Plans to Assist Hurricane Irma and Maria Evacuees with Housing Allocation Plan
Gov. Dannel Malloy announced an allocation plan utilizing a $600,000 appropriation included in the bipartisan state budget adjustment bill.
Young Adult Homeownership Rate Expected to Rise
It may be hard to believe right now, but many more Millennials are expected to trade in their parents’ basements and run-down apartments for a place of their own.
CFPB Shifts Gears on Policing Zillow’s Co-Marketing Schemes
In a move with potentially significant implications for consumers, realty agents and lenders, the Trump administration has decided not to take legal action against online realty giant Zillow for alleged violations of federal anti-kickback and deceptive-practices rules.
Study: CT Ranked One of Worst States to Start a Business
Connecticut is certainly not the best place in the country to start a business, but it is not alone.
