Residential Real Estate
Who’s In the New Wave of Luxury Buyers?
October 29, 2020 | Reprints | Unlock Link
A new report from Coldwell Banker Real Estate says a new set of affluent homebuyer demographics are taking their wealth to new and unexpected markets across the U.S., including Torrington.
Economy Grows at Record Rate, but Recovery Incomplete Experts Say
By The Associated Press | October 29, 2020 | ReprintsThe U.S. economy grew at a record 33.1 percent annual rate in the July-September quarter but has yet to fully rebound from its plunge in the first half of the year – and the recovery is slowing as coronavirus cases surge and government aid dries up.
How Long Can Hot Summer Real Estate Market Last?
By James Sanna | October 29, 2020 | Reprints | Unlock LinkCould Connecticut emerge from the COVID-19 pandemic stronger? That could be one effect of the hyper-busy spring-turned-summer real estate market, senior real estate figures hope.
Zillow Survey: Sellers Waiting for Higher Prices, Uncertain Economy
October 28, 2020 | Reprints | Unlock LinkA new survey from Zillow suggests that the nation-wide shortage of sellers may be caused, in part, by some holding out for higher prices.
As Virus Resurges, So Does Fear of More Economic Pain
October 27, 2020 | Reprints | Unlock LinkEconomists worry that the United States risks repeating a mistake made after the 2008-2009 Great Recession, when limits on federal spending and layoffs by states and localities hindered a recovery.
Former Dulos Mansion Hits Market for $1.75M
By The Associated Press | October 26, 2020 | Reprints | Unlock LinkThe former home of Jennifer Dulos, the Connecticut mother of five who prosecutors say was killed by her estranged husband last year, is going on the market for $1.75 million.
MBA Forecasts Purchase Originations Will Grow, Refis Slow in 2021
October 22, 2020 | Reprints | Unlock LinkThe Mortgage Bankers Association predicts purchase mortgage originations will grow in 2021 while the meteoric increase in refinance activity will taper off.
Mortgage Market Opens Back Up for Iffy Borrowers
By Lew Sichelman | October 22, 2020 | Reprints | Unlock LinkThere’s good news for mortgage applicants who don’t fit into the precise mold demanded by Fannie Mae and Freddie Mac: After pulling back at the start of the pandemic in March, other lenders are returning to the market.
Competition Fierce Among Hartford Entry-Level Homebuyers
October 21, 2020 | Reprints | Unlock LinkAmid potential sellers’ reluctance to enter the housing market and record demand from younger homebuyers, Greater Hartford has seen significant drops in how long individual homes are on the market.
Home Construction Spikes in Northeast
By James Sanna | October 21, 2020 | Reprints | Unlock LinkU.S. home construction rose a solid 1.9 percent in September after having fallen in the previous month, as home building continues as one of the bright spots of the economy.
‘Unenforceable’ Out-of-State Quarantine Rule to Be Adjusted
By The Associated Press | October 20, 2020 | Reprints | Unlock LinkConnecticut is planning to revamp its benchmarks for when people entering the state from locations with large COVID-19 rates will need to quarantine.
Deadline Looms, but COVID Relief Deal May Be Far Off
By The Associated Press | October 20, 2020 | Reprints | Unlock LinkHouse Speaker Nancy Pelosi reported some progress in advance of a Tuesday deadline for reaching a pre-election deal with President Donald Trump on a new coronavirus relief package, but the same core problems bedeviling the effort remain in place despite optimistic talk from the president and his team.
DoNo Housing Breaks Ground Near Dunkin’ Donuts Park
By Steve Adams | Commercial Record Staff | October 19, 2020 | Reprints | Unlock LinkHoped-for economic development near Hartford’s Dunkin’ Donuts Park is starting to materialize as a well-known Stamford developer kicked off the $50-million initial phase of the Downtown North redevelopment project.
State Released Color-Coded COVID Risk Map, Vaccine Distribution Guidelines
October 19, 2020 | Reprints | Unlock LinkConnecticut residents wanting to track the latest wave of COVID-19 infections have a new tool in the form of a color-coded threat map.
Hidden Referral Fees Could Cost You
By Lew Sichelman | October 15, 2020 | Reprints | Unlock LinkMost professions restrict the payment of referral fees. But they run rampant, and are somewhat controversial, in real estate.
Millennials Drive Demand for Bigger Homes, Outdoor Space
October 14, 2020 | Reprints | Unlock LinkA study from the National Association of Realtors appears to back up a trend predicted at the beginning of the COVID-19 pandemic: increased demand for bigger homes with yards among Millennial homebuyers. But walkability remains a key component of good quality of life.
Long-Term Jobless Caught in Squeeze that Imperils Recovery
By The Associated Press | October 14, 2020 | Reprints | Unlock LinkRecent trends have raised the specter of a period of widespread long-term unemployment that could turn the viral recession into a more painful, extended downturn as job skills erode and financial lives get upended by long-term unemployment.
New Agent Joins Glastonbury Brokerage
October 13, 2020 | Reprints | Unlock LinkA new real estate agent has joined the Berkshire Hathaway HomeServices New England Properties office in Glastonbury.
Forbearances Drop as Initial CARES Act Relief Ends
October 13, 2020 | Reprints | Unlock LinkWith the first of two six-month forbearance periods available through the CARES Act ending, some borrowers have been exiting forbearance without contacting their mortgage servicers, one factor contributing to a recent drop in loan forbearances.
Airbnb Requires Hosts to Commit to Enhanced Cleaning
By The Associated Press | October 9, 2020 | Reprints | Unlock LinkAirbnb said Thursday it will require hosts to comply with enhanced cleaning procedures as part of its effort to reassure guests and local officials during the coronavirus pandemic.
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