Eastern Connecticut Association of REALTORS®

The voice for real estate in Eastern Connecticut, and the Association of choice for real estate professionals committed to excellence. Interested in becoming a REALTOR? Call us at 860-892-2595

ECAR Insights

ECAR Voice

3 Hidden Distressed Property Issues

Posted on November 15, 2017 by SusyH

If you’ve ever bought a distressed property or really any property for that matter, you probably already know the obvious signs of costly repairs. Sloping floors, water damage in ceilings and old electrical panels are all easy to see problems that might mean… Read More

FSBOs hit record low for third straight year

Posted on October 31, 2017 by SusyH

BY MARIAN MCPHERSON Inman Staff Writer For the third year in a row, for-sale-by-owner (FSBO) transactions accounted for only 8 percent of recent home sales, the lowest share that the National Association of Realtors (NAR) has recorded in its annual Profile of Home… Read More

How do I buy a home? 

Posted on October 27, 2017 by SusyH

The real estate market is soaring. But Millennials shouldn't feel pressure to get in on the action, according to financial experts. They're the largest group of homebuyers in the market today. by Danish Mehboob   @CNNMoney Buying a home is one of the… Read More

Industry professionals still top resource for mortgage shoppers

Posted on October 24, 2017 by SusyH

Borrowers turn to real estate agents, lenders with a 'personal touch' over online sources Housing consumers on the hunt for a new home and financing to pay for it are going online more and more to learn about properties for… Read More

CT Home Sales Drop in September

Posted on October 23, 2017 by SusyH

Connecticut REALTORS® reports that the single-family residential home median sales price is $249,950 which reflects a 1.6 percent decrease from $254,000 in that same time period last year. Median indicates that half the homes sold for more and half for… Read More

The Realtors® Code of Ethics, and then some….

Posted on October 13, 2017 by SusyH

As I get ready to teach Code of Ethics on Friday, the 13th, I reflect back on what I learned about ethics from my MPA program.  Ethics is a subject that applies to our business dealings as REALTORS®, but it… Read More

A month in review: The August housing market (National)

Posted on October 2, 2017 by SusyH

The month was full of setbacks due to low inventory Key Takeaways by MARIAN MCPHERSON Inman Staff Writer Here's a recap of pending home sales, existing home sales, price indices and studies from NAR, S&P Dow Jones, Zillow and Trulia. Learn the New… Read More

The Inman Files: Don’t wait for Opendoor to eat your lunch (Food for Thought)

Posted on September 27, 2017 by SusyH

Love it or hate it, Brad Inman gives traditional brokers something to think about What's a traditional broker to do? BYBRAD INMAN Staff Writer Face it, the Opendoor iBuyer model of a fast, furious and certain home sale is beginning to get market share.… Read More

Single-Family Home Sales Up in August

Posted on September 20, 2017 by SusyH

Connecticut REALTORS® reports that the single-family residential home median sales price is $274,000 which reflects a 2.3 percent increase from $267,750 in that same time period last year. Median indicates that half the homes sold for more and half for… Read More

5 Rules of Engagement For Requesting Repairs From Sellers

Posted on September 11, 2017 by SusyH

When buyers and sellers start going head-to-head, no one comes out a winner Key Takeaways It’s reasonable to ask for roof and termite clearances and that the home’s primary systems work. It’s not reasonable to ask for upgrades, abatement or… Read More

CT Home Prices Up in July

Posted on August 24, 2017 by SusyH

Connecticut REALTORS® reports that the single-family residential home median sales price is $273,000 which reflects a 3 percent increase from $265,000 in that same time period last year. Median indicates that half the homes sold for more and half for… Read More

Freddie and Fannie’s appraisal-free mortgages to slash closing times

Posted on August 23, 2017 by SusyH

Mortgage Guarantor's use of AVMs will be Boon to Buyers, Gut-punch to Appraisers When real estate broker Hank Miller explains the mortgage process to buyers, he gives it to them straight. “It’s going to be the biggest pain in the… Read More

Short on listings or short on value? Reframing low inventory

Posted on August 11, 2017 by SusyH

Compete for Listings by Improving the transaction for Home Sellers SAN FRANCISCO — We are in the midst of the worst home listings shortage in 20 years, but if you’re an agent struggling to claim what’s available, it might be… Read More

8 things homesellers risk when they sell without a real estate agent

Posted on August 8, 2017 by SusyH

A seller has to consider the amount of time and endless follow-up devoted to selling a home Key Takeaways Poor and incomplete presentation of a listing when selling is setting the stage for a home to be incorrectly perceived and… Read More

Home Sales and Prices Up in June

Posted on July 25, 2017 by SusyH

Connecticut REALTORS® reports that the single-family residential home median sales price is $280,000 which reflects a 1.8 percent increase from $274,950 in that same time period last year. Median indicates that half the homes sold for more and half for… Read More