Residential Real Estate
Could Coastal Mansions Become Eligible for Disaster Aid?
By The Associated Press | July 22, 2019 | Reprints | Unlock Link
On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along Long Island Sound are poised to become eligible for taxpayer-funded disaster aid.
Groundbreaking Held for New Transportation Center at Bradley Airport
By The Associated Press | July 22, 2019 | Reprints | Unlock LinkBradley International Airport in Connecticut has broken ground on a $210 million transportation center, promised to be a “huge customer service improvement.”
Bridgeport Industrial Property Sells for $175K, Homes Planned
July 19, 2019 | Reprints | Unlock LinkA Bridgeport brick warehouse in need of “substantial” renovations has sold for $175,000.
Report: Housing 15 Percent of GDP Growth in Longest Economic Expansion Ever
July 19, 2019 | Reprints | Unlock LinkGrowth in home prices contributed around 15 percent of the growth in America’s GDP during what is now the longest economic expansion in the country’s history, according to a new report from housing data firm CoreLogic.
Hamden Castle With Storied Past Sold to School for $1.75M
July 18, 2019 | Reprints | Unlock LinkA landmark, castle-like mansion in Hamden remodeled by the legendary Eero Saarinen has been sold for $1.75 million.
Hartford Among Top 10 Fastest-Growing Pools of Tech Talent
July 18, 2019 | Reprints | Unlock LinkHartford has the 10th-fastest-growing pools of tech talent in the country, according to a new report from commercial real estate brokerage CBRE.
HELOCs Could Be Huge Advantage for Lenders if They Can Increase Awareness
July 18, 2019 | Reprints | Unlock LinkHome equity lines of credit could be a major opportunity for lenders in coming years because many homeowners simply don’t know what they are.
Lamont Gets Toll Encouragement from Fellow Governors
By The Associated Press | July 18, 2019 | Reprints | Unlock LinkGov. Ned Lamont got a pep-talk on tolls from the leaders of Connecticut’s neighbors at a private lunch yesterday, urging him to not give up on his proposal to enact tolls on the state’s highways.
HUD DACA Policy Change Adds to Housing Woes
By Lew Sichelman | July 18, 2019 | Reprints | Unlock LinkThe Trump administration has decided the country’s 800,000 “Dreamers” – undocumented immigrants brought here as children but who have grown up here – are no longer eligible for federally insured mortgages, causing consternation and confusion among mortgage lenders.
Title Professionals Say Peers’ Due Diligence ‘Could Be Better’
July 15, 2019 | Reprints | Unlock LinkTitle professionals say their top challenge is too many responsibilities with not enough time to perform those responsibilities, according to a new report.
Lamont Vetoes Bill That Would ‘Weaken’ Broker Representation Disclosure
By The Associated Press | July 15, 2019 | Reprints | Unlock LinkGov. Ned Lamont vetoed three bills last week, his first since taking office.
Hartford Rents Decline for Third Straight Month
July 12, 2019 | Reprints | Unlock LinkHartford rents have declined 0.4 percent over the past month and remain more affordable than many other U.S. cities, according to a new report.
Investors Pay $11.7M for Bridgeport Multifamily Properties
By Steve Adams | Commercial Record Staff | July 11, 2019 | Reprints | Unlock LinkShelton-based investment sales broker Northeast Private Client Group has arranged the sale of nine Bridgeport properties for a combined $11.7 million.
Press/Cuozzo’s Scarfo Receives Recognition from NAR
July 11, 2019 | Reprints | Unlock LinkNeil A. Scarfo of Press/Cuozzo Realtors has been awarded Realtor emeritus status by the National Association of Realtors.
Odd Parcels: Why You Should Stage Your Home and Ditch the Barn Doors
By Lew Sichelman | July 11, 2019 | Reprints | Unlock LinkSellers who can’t decide whether to move into their next homes while their current ones remain unsold should consider this: According to a new analysis, empty houses remain on the market longer, and sell for less, than those that are still occupied.
The Warren Group Expands Reach with Addition of National Data
July 9, 2019 | Reprints | Unlock LinkReal estate and mortgage data tracking company The Warren Group, publisher of The Commercial Record is now offering mortgage data nationally, which will give lending professionals an expanded understanding of where they stand and how they are performing in the national mortgage market.
Crumbling Foundations Quarry Owner Agrees Not to Sell Material for Two More Years
By The Associated Press | July 8, 2019 | Reprints | Unlock LinkThe owner of the Connecticut quarry linked to the crumbling foundations problem has agreed to not sell any material for residential concrete foundations for another two years.
US Added Solid 224,000 Jobs in June, Making Fed Rate Cut Less Certain
By The Associated Press | July 8, 2019 | Reprints | Unlock LinkU.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion.
A Landing Path to Connecticut Real Estate Brokerage
By Steve Adams | Commercial Record Staff | July 4, 2019 | Reprints | Unlock LinkAfter a career as an international flight service manager for TWA based in New York, Parker made the move to Essex in 1989 and built herself a career in commercial real estate.
Win a ‘Dream House?’ Take the Money and Run
By Lew Sichelman | July 4, 2019 | Reprints | Unlock LinkCongratulations to Beverly Fulkerson of Osgood, Indiana, who was the winner of a Montana mountain retreat in this year’s HGTV Dream Home Giveaway. Here’s hoping she gets to keep the place.
