Residential Real Estate

CoreLogic Reports Big Increases In Homeowner Equity Nationwide

U.S. homeowners with mortgages – roughly 63 percent of all homeowners – have collectively seen their equity increase 11.8 percent year over year a gain of $870.6 billion since the third quarter of 2016, according to a new home equity analysis from CoreLogic.

Redfin Diversity Report Shows Some Progress

In its annual diversity report, Redfin reports having made a slight gain in gender diversity and modest gains in racial diversity in 2017. The company said successful pilot programs designed to increase diversity will be rolled out company-wide next year and are expected to hasten the pace of increasing diversity.

Tax Proposal Could Carry High Costs For Many Homeowners

Tax Proposal Could Carry High Costs For Many Homeowners

Whether you already own a home or are thinking of purchasing, the new tax legislation pending before Congress poses serious questions: Am I going to get smacked with punitive new taxes? Will the value of my home decrease because previous real estate tax benefits have been stripped away? Or am I one of the lucky ones, well insulated against big losses?

Single-Family Home Sales Up In October

Single-family home sales in Connecticut jumped 3.8 percent in October compared to October 2016, according to the latest report from The Warren Group, publisher of The Commercial Record.

NAR Concerned About Senate Tax Bill

The National Association of Realtors came out strongly against the tax cut bill passed by the Senate this weekend, saying it “puts home values at risk and dramatically undercuts the incentive to own a home.”

Lawsuit Against Bridgeport Housing Authority Settled

The U.S. District Attorney’s Office has settled a government lawsuit alleging that the Housing Authority for the City of Bridgeport, doing business as Park City Communities (HACB), violated the Fair Housing Act by refusing to provide reasonable accommodations to a woman with disabilities who lives in one of the housing authority’s properties.

Less-Stringent Standards Open Options For Homebuyers

Less-Stringent Standards Open Options For Homebuyers

Here’s an important question for anyone hoping to buy a home next year but who isn’t quite confident about qualifying for a mortgage: Is it true that lenders have eased up on certain key requirements, making it simpler for first-time buyers and others who can’t pass all the strict tests to get approved?

Mortgage Rates Dip Slightly

The Federal Home Loan Mortgage Corp. (Freddie Mac) announced the average 30-year fixed mortgage rate dropping slightly after last week’s jump today.

Coldwell Banker Teams Up With Mortgage Firm

Coldwell Banker Residential Brokerage in Connecticut announced that it has partnered with Guaranteed Rate Affinity LLC to include an additional mortgage service offering for its affiliated sales agents and their customers.

State Provides $13.6M To Combat Blight

The state will provide $13.6 million to 14 municipalities to assess, remediate and revitalize blighted properties in their communities and put them back into productive use. The projects encompass 89 acres of redevelopment.