Residential Real Estate
CT Advocates Still Expect an Eviction Surge
By The Associated Press | August 2, 2021 | Reprints | Unlock Link
The eviction moratorium that expired on Saturday was the only tool keeping millions of tenants in their homes.
State Sees Drop in Tenants at Risk of Eviction
July 30, 2021 | Reprints | Unlock LinkAs nonprofits, landlord and tenants fiercely advocate for an extension or solution, the federal eviction moratorium is set to expire this weekend.
Biden to Allow Eviction Moratorium to Expire Saturday
By The Associated Press | July 29, 2021 | Reprints | Unlock LinkThe Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday.
Change of Work Status Leads to Buyers’ Change of Heart
By Lew Sichelman | July 29, 2021 | Reprints | Unlock Link“Who would have been dumb enough to buy a house based on a temporary situation?” That question was recently posed on a public real estate discussion group on Facebook. The answer, of course, is “lots of people.”
State Lawmakers Work to Strip Old ‘Whites Only’ Covenants
By The Associated Press | July 28, 2021 | Reprints | Unlock LinkFred Ware and his son were researching the history of the home he’s owned in the Hartford suburbs since 1950 when they discovered something far uglier than they expected.
Russo and Hernandez- Jimenez Join BHHS New England in Glastonbury
July 28, 2021 | Reprints | Unlock LinkJames “Jimmy” Russo is the latest addition to the Glastonbury office of Berkshire Hathaway HomeServices New England Properties.
US Home Prices Surged Fastest in 17 Years in May
By The Associated Press | July 27, 2021 | Reprints | Unlock LinkPrices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply.
Report: New COVID Travel Restrictions ‘a Real Possibility’
July 26, 2021 | Reprints | Unlock LinkThe state could bring back some travel restrictions to help curtail the spread of the highly contagious Delta variant of the coronavirus, Gov. Ned Lamont said.
NOAA: Rising Seas to Make ‘Sunny Day’ Flooding More Common
By State House News Service | July 26, 2021 | Reprints | Unlock LinkThis month’s heavy rains follow a year in which coastal communities in the United States experienced record high-tide flooding, a trend that federal ocean researchers say is expected to continue into the future “without improved flood defenses.”
Hartford New Listings Approached Pre-COVID Levels in June
July 22, 2021 | Reprints | Unlock LinkNearly 1,000 new single-family listings hit the market in June in Greater Hartford, on par with pre-pandemic patterns, and slightly exceeded May’s tally, but the region is still seeing a very tight market, according to new data from the Greater Hartford Association of Realtors.
Some Buyers Still Looking for Big Moves, Studies Say
By James Sanna | July 22, 2021 | Reprints | Unlock LinkA pair of studies out this week from researchers at discount brokerage Redfin and their peers at listings portal Zillow suggest some buyers are continuing to trade distance from work for cheaper housing.
Backups Contracts Work for Both Sides – Especially in This Market
By Lew Sichelman | July 22, 2021 | Reprints | Unlock LinkIn real estate, a house isn’t sold until the Fat Lady sings at the closing. Until then, the seller should keep their options open by accepting backup contracts.
Keller Williams Launches ‘Expansion Network’ for High-Flying Teams
July 21, 2021 | Reprints | Unlock LinkKeller Williams has launched a new service aiming to keep its top-performing teams under its umbrella as they expand into new markets.
Remodeling Demand Looks Bright. Thank High Home Prices?
By James Sanna | July 19, 2021 | Reprints | Unlock LinkHomeowners are poised to continue spending more on home improvement and maintenance projects through mid-2022, a new report from Harvard University housing researchers says.
State Launches Hub to Attract Out-of-State Movers
July 19, 2021 | Reprints | Unlock LinkConnecticut is trying to lure younger, talented workers with a new website and Instagram account, both called CTForMe.
Don’t Pass on the Home Inspection
By Lew Sichelman | July 15, 2021 | Reprints | Unlock LinkSellers who jump on offers from buyers waiving the opportunity to hire an independent home inspector may rue the day they did so.
Redfin Reports Bidding War Decline
July 14, 2021 | Reprints | Unlock LinkAt least some element of seasonality appears to have returned to the Boston-area housing market last month: Redfin’s monthly report on competition its agents’ offers faced found a slightly less frenzied atmosphere.
Fannie Mae: Americans More Pessimistic About Buying
July 8, 2021 | Reprints | Unlock LinkFannie Mae’s monthly survey of homebuying sentiments showed Americans’ perceptions of the housing market continued to diverge last month, pointing the way towards a potential easing of demand for homes even as average 30-year mortgage interest rates remain at or near 3 percent.
In Bidding Wars, How High Is Enough?
By Lew Sichelman | July 8, 2021 | Reprints | Unlock LinkOne of the first questions buyers ask these days is: How far over the asking price should I go to get the house I want? Obviously, it all depends.
Is It Time to Stop Writing Buyer Love Letters?
By Bernice Ross | Special To Commercial Record | July 8, 2021 | Reprints | Unlock LinkA number of agents in recent months have become adamant that we should all stop our buyers from writing “love letters” to sellers because these letters often violate fair housing laws. They also advised listing agents to avoid presenting any of these letters to their sellers if they receive any from buyers. I disagree with both positions.
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