Residential Real Estate
1 in 5 Think Climate Change Hurts Their Home’s Value
April 16, 2021 | Reprints | Unlock Link
A new report from Redfin finds that 21 percent of the of 2,000 Americans the company surveyed believe the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home values in their area.
Remodeling Upturn Expected to Last into 2022
April 16, 2021 | Reprints | Unlock LinkGrowth in improvement and repair expenditures to owner-occupied homes is expected to remain solid throughout the year and into 2022 according to a new study.
Connecticut Home Prices Spike 25 Percent
April 15, 2021 | Reprints | Unlock LinkConnecticut home prices registered double-digit gains in February as median single-family prices hit $300,000 and sales volume rose to a 16-year high.
Will Inventory Rise as COVID Wanes? Experts Are Divided
By James Sanna | April 15, 2021 | Reprints | Unlock LinkIt’s the biggest question in Connecticut real estate today: Will we ever get enough single-family inventory on the market to slow down massive price increases?
Bill Barring Birth Dates on Job Applications clears Senate
By The Associated Press | April 15, 2021 | Reprints | Unlock LinkConnecticut employers could soon be prevented from asking for a job applicant’s date of birth, school graduation or school attendance dates, under a bill that unanimously cleared the state Senate on Wednesday.
As Resort Towns Flourish, Lending Tightens
By Lew Sichelman | April 15, 2021 | Reprints | Unlock LinkAs the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
Bidding Wars Up as Spring Market Opens
April 14, 2021 | Reprints | Unlock LinkNearly two-thirds of home offers written by Redfin agents across the country in March faced competition, a new report says.
Construction Industry Sounds Alarm as Supply Chain Issues Spike Materials Costs
April 12, 2021 | Reprints | Unlock LinkCalling a spike in construction materials costs “unprecedented,” the Association of General Contractors of America is warning of challenges facing construction firms and likely slowdowns in construction projects.
Another Brokerage Launches iBuyer-Like Service Amid Tight Market
By James Sanna | April 9, 2021 | Reprints | Unlock LinkWilliam Raveis Real Estate has become the latest brokerage to launch an iBuyer-like service in Connecticut amid the tightest single-family housing market in living memory.
Ditching the Full Home Inspection? Consider a Walk-Through
By Lew Sichelman | April 8, 2021 | Reprints | Unlock LinkNothing is more important in the sale of a house than an examination of the structure by an independent home inspector. But in today’s overheated selling frenzy, many buyers facing competition are crossing out the inspection clauses in their contracts.
State Urges Homeowners to Test Wells for Arsenic, Uranium
By The Associated Press | April 7, 2021 | Reprints | Unlock LinkConnecticut health officials are urging homeowners who rely on well water to have their systems checked for arsenic and uranium contamination.
William Raveis Becomes Red Sox’s Official Real Estate Company
By James Sanna | April 2, 2021 | Reprints | Unlock LinkWilliam Raveis Real Estate luxury agents have a new pool of potential clients: Boston Red Sox players.
Panel Advances Lamont’s Bill to Join Regional Climate Pact
By The Associated Press | April 1, 2021 | Reprints | Unlock LinkA key legislative committee on Wednesday advanced Democratic Gov. Ned Lamont’s effort to have Connecticut formally adopt the regional Transportation and Climate Initiative Program.
Hope Builds for Hiring Boom
By The Associated Press | April 1, 2021 | Reprints | Unlock LinkWith hopes rising for a powerful rebound in hiring this year, Friday’s jobs report for March will provide crucial insight into whether those rosy expectations may prove true.
Women Pay More for Homes, Sell for Less
By Lew Sichelman | April 1, 2021 | Reprints | Unlock LinkAccording to a recent study, single women pay 2 percent more than single men for the very same house. And when the time comes to move, they sell for 2 percent less. Why?
New NAR Survey Reveals Big Racial Income Gaps in Real Estate
March 31, 2021 | Reprints | Unlock LinkA new survey from the National Association of Realtors finds that the median white residential Realtor makes about three times what the median Black residential Realtor does.
Lawmakers agree Lamont’s emergency powers should continue
By The Associated Press | March 31, 2021 | Reprints | Unlock LinkConnecticut lawmakers Tuesday granted final legislative approval to extending Gov. Ned Lamont’s emergency powers during the COVID-19 pandemic to May 20
Case-Shiller: Home Values Soared in January by Most in Seven Years
By The Associated Press | March 31, 2021 | Reprints | Unlock LinkU.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks.
Beyond Bridges: Biden Redefines Infrastructure to Add People
By The Associated Press | March 31, 2021 | Reprints | Unlock LinkPresident Joe Biden hopes to would unleash $2 trillion in new spending on four main hard infrastructure categories – transportation; public water, health and broadband systems; community care for seniors; and innovation research and development.
CT Unemployment Rate Rises to 8.5 Percent
March 29, 2021 | Reprints | Unlock LinkEven as federal data-keepers announced the state had one of the best economic growth rates at the end of 2020, state unemployment officials say the number of local jobless is increasing.
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