Residential Real Estate
Buy as a Group, Ditch the Guilt Over Vacation Home
By Lew Sichelman | September 19, 2019 | Reprints | Unlock Link
After a run of bad publicity and flagging sales, the business is enjoying renewed vigor. Timeshare sales increased in 2018 – the ninth straight year – rising nearly 7 percent to $10.2 billion.
Crumbling Foundations Fund Reopens After $20M from State
By James Sanna | September 18, 2019 | Reprints | Unlock LinkFollowing the approval of $20 million in new funds from the state Bonding Commission, the captive insurance company charged with funding repairs to the state’s hundreds of crumbling foundations is back in business.
Glastonbury Berkshire Hathaway Office Adds Staff
September 17, 2019 | Reprints | Unlock LinkMaddy Ceruti has joined the Glastonbury office of Berkshire Hathaway HomeServices New England Properties and will be working with The Cozzi Team.
Poll: 80 Percent of Americans Think Housing Affordability Is a Crisis
September 16, 2019 | Reprints | Unlock LinkA new poll by survey firm Morning Consult and the National Association of Home Builders has found tour out of five American households believe the nation is suffering a housing affordability crisis and at least 75 percent report this is a problem at the state and local level as well.
Manufacturers, Retailers Less Optimistic, Survey Says
By The Associated Press | September 16, 2019 | Reprints | Unlock LinkSmall manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects.
Two Join Sotheby’s Northern Fairfield County
September 13, 2019 | Reprints | Unlock LinkTwo new faces will soon be found at William Pitt Sotheby’s International Realty’s Northern Fairfield County Regional brokerage.
Coldwell Banker Revamps Branding
September 13, 2019 | Reprints | Unlock LinkAfter six months of testing, Coldwell Banker Real Estate has finalized its new logo and branding.
Hartford Realtors Raise Almost $4K to Fight Homelessness
September 12, 2019 | Reprints | Unlock LinkThe Greater Hartford Association of Realtors raised nearly $4,000 this summer to help end homelessness in the area.
Who Has the Worst Traffic: Hartford, New Haven or Stamford?
September 12, 2019 | Reprints | Unlock LinkA nationwide study by Texas A&M University shows which of Connecticut’s three major metro areas has the worst traffic, and why.
Robotics, 3D Printing Far from Mainstream in Homebuilding
By Lew Sichelman | September 12, 2019 | Reprints | Unlock LinkNowadays, only a handful of residences are built entirely in a factory. Many more are built with factory-built components, such as floor and roof trusses, that are delivered to the building site. But no GM or Ford Motor Co. has emerged to take the industry by storm.
Mnuchin: Gov’t. Support Still Needed to Keep Mortgage Rates Low
By The Associated Press | September 11, 2019 | Reprints | Unlock LinkTrump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income homeowners.
US Job Openings Fell 0.4 Percent in July
By The Associated Press | September 10, 2019 | Reprints | Unlock LinkThe number of open U.S. jobs slipped 0.4 percent in July, while hires climbed slightly, a sign that some employers may be growing cautious amid rising economic uncertainty.
Study Finds Hartford Housing Market Likely Stable in a Recession
September 9, 2019 | Reprints | Unlock LinkA new study from Redfin has found Hartford’s housing market is not at risk of declining prices or other negative impacts in the event of an economic slowdown.
Navy Seeking to Test Private Wells Near Groton Sub Base for PFAS
By The Associated Press | September 9, 2019 | Reprints | Unlock LinkThe U.S. Navy is seeking to test private drinking wells near the Connecticut submarine base for potentially dangerous industrial compounds known as “forever chemicals.”
US Added Modest 130K Jobs in August Amid Trade War
By The Associated Press | September 6, 2019 | Reprints | Unlock LinkU.S. employers added a modest 130,000 jobs in August, a sign that hiring in the United States has slowed but remains durable in the face of global economic weakness and President Donald Trump’s trade war with China.
Report: Highway Billboards Latest Front in Anti-Toll Push
September 5, 2019 | Reprints | Unlock LinkGov. Ned Lamont may be ripping up his so-far-failed approach to reform Connecticut’s transportation system, but a political lobby group is trying to make sure tolls aren’t a part of the governor’s transportation plan 2.0.
Odd Lots: Homebuyers Should Keep Cash in Reserve
By Lew Sichelman | September 5, 2019 | Reprints | Unlock LinkHomebuyers sometimes pour every dollar they have into the transaction. But it’s important to maintain a reserve, should something unexpected strike. A new study found that buyers with post-closing liquidity of three months or more were five times less likely to default on their mortgages.
July CT Single-Family Home Price Reaches Six-Year High
September 3, 2019 | Reprints | Unlock LinkConnecticut single-family home sales edged lower in July as the median sale price reached a six-year high for the month, according to the latest report from The Warren Group, publisher of The Commercial Record.
National Search Begins for Crumbling Foundations Superintendent
By The Associated Press | September 3, 2019 | Reprints | Unlock LinkA national search is officially underway to replace the veteran insurance consultant who has overseen the rollout of an ongoing assistance program for Connecticut homeowners with crumbling foundations.
High-Speed Ferry from Norwalk to New York Pitched
September 3, 2019 | Reprints | Unlock LinkThe builder of a high-speed freight ferry aimed at supplying perishable local seafood and produce to New York City wants to expand his business to passengers.
