Residential Real Estate
The average rate on a 30-year, fixed-rate mortgage has increased to the highest level since late June, according to Freddie Mac.
Many do-it-yourselfers, especially rookies like me, aren’t as fortunate. More than 9,000 injuries chronicled in 2020 resulted in amputations.
Economists at Fannie Mae expect a significant drop in sales of existing single-family homes this year, along with a significant jump in the start of construction on multifamily buildings.
An important revamp of the appraisal industry’s standards guidelines – including an important update to an ethics policy meant to address racial bias concerns – has been delayed by a full year.
Up until a month or two ago, sellers were in the driver’s seat, but as buyers’ use of contingencies rise, they still have a trick up their sleeves to control a deal.
As Sun Belt metros see demand for homes evaporate in the summer heat, by one measure Connecticut’s three major markets are doing well.
Compass has stopped offering stock and cash incentives to get real estate agents to affiliate with the brokerage as the slowing real estate market hammers its finances.
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in major markets bracketing Connecticut between June and July – but it's still stronger than in many metros. The company's researchers reported only 53.2 percent of...
Messy kitchens; concierge services; coworking spaces; connections to local businesses: These are what homebuyers want in new developments.
The share of consumers who think it’s a less-than-optimal time to buy or sell a home keeps ticking upwards as interest rates rise and housing affordability drops.
Democrats’ compromise of health care, climate change and deficit-reduction strategies is paid for largely with new corporate taxes, including a 15 percent minimum tax on big corporations to ensure they don’t skip out on paying any taxes at all,
The average long-term U.S. mortgage rate fell below 5 percent for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control.
At the same commission rate, real estate agents who sell an $800,000 house receive eight times the compensation of those who sell a $100,000 home. But does it take eight times the effort to sell the more expensive property?
Connecticut’s median single-family home price set yet another record for the month of June when it hit $385,000 according to The Warren Group, publisher of The Commercial Record
It’s not just ability to pay that helps knock less-well-off buyers out of the housing market as prices and mortgage interest rates climb through the roof.
The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates.
Mortgage applications were down for the fourth week in a row nationwide, according to the Mortgage Bankers Association, as interest rates and rising home prices continued to push many out of the market.
With demand from people relocating to more sun-drenched markets thanks to an ability to work remotely already fading, many Sun Belt metros face a growing risk of seeing a downturn in their housing markets, according to a new analysis.
Millennials who move far from childhood homes are a distinct minority among others who reached adulthood in the 21st century, according to a new study by the U.S. Census Bureau and Harvard University researchers released Monday.
Experts say that a 2008-style housing crash is unlikely to happen now, if only because lending standards are much tighter than they were prior to the Great Recession. Still, foreclosures are starting to tick upward.