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

Home Sales and Prices Up in May

Posted on June 22, 2017 by SusyH

Connecticut REALTORS® reports that the single-family residential home median sales price is $260,000 which reflects a 4.0 percent increase from $249,900 in that same time period last year. Median indicates that half the homes sold for more and half for… Read More

Expect the ‘longest economic expansion’ since WWII, says economist

Posted on June 20, 2017 by SusyH

Don't hold your breath for a recession anytime soon, says Cushman & Wakefield's global chief economist Key Takeaways Kevin Thorpe, global chief economist at Cushman & Wakefield, thinks there's little cause to worry about a recession in the next couple… Read More

Fed announces third rate hike in 7 months

Posted on June 14, 2017 by SusyH

Committee cites strengthening labor market and declining inflation As anticipated, today the Federal Reserve implemented a quarter-point federal funds rate hike, increasing its benchmark target to between 1 percent and 1.25 percent “in view of realized and expected labor market… Read More

Posted on June 9, 2017 by SusyH

Recently, an Office Manager shared with me a story about one of his agents that exemplifies the spirit of Eastern Connecticut and the Realtors who work here.  With permission, we'd like to share it with our friends and colleagues. Just recently I… Read More

Real Estate Referral Fees: The Good, the Bad and the Ugly

Posted on June 1, 2017 by SusyH

The Common Business Arrangement could be Improved with Transparency Key Takeaways Helping a homeseller find the perfect agent adds value to the transaction. Consumers have a right to know if their agent is paying a referral fee and whether a… Read More

CT Home Sales Down in April

Posted on May 24, 2017 by SusyH

Connecticut REALTORS® reports that the single-family residential home median sales price is $246,000 which reflects a 0.4 percent decrease from $247,000 in that same time period last year. Median indicates that half the homes sold for more and half for… Read More

NAR bets on Upstream with additional $9M in funding

Posted on May 23, 2017 by SusyH

Data management company expected to repay funds upon hitting profitability WASHINGTON — The board of directors of the National Association of Realtors (NAR) last week approved an additional $9 million in funding for broker data management platform Upstream. The company behind… Read More

Making an Offer: 5 Mistakes to Avoid

Posted on May 19, 2017 by KathrynO

In competitive housing markets across the country, making an offer that sticks has become increasingly difficult. Ensure your client doesn’t make the process even tougher by succumbing to one of these common mistakes.     Click here to find out what… Read More

What’s driving real estate’s home listing shortage?

Posted on May 11, 2017 by SusyH

There's a definite lack of housing inventory, and part of it can be attributed to sellers staying put Key Takeaways Most sellers are also hoping to buy, so they are facing the same market constraints as buyers. Housing supply has… Read More

Is Trump’s tax plan good for homeowners? Nope, says NAR

Posted on April 26, 2017 by SusyH

The country's largest trade association released a statement that said the tax plan would hurt homeownership Key Takeaways "By doubling the standard deduction and repealing the state and local tax deduction the plan would effectively nullify the current tax benefits… Read More

Smile for the Camera? Considerations for Using Surveillance Technology

Posted on April 24, 2017 by SusyH

Our next guest blogger is Jessica Edgerton, associate counsel at the National Association of REALTORS®. Following Lee Adkins’ post about voice assistant hubs, we wanted to share a look at the legality of having cameras and microphones in homes for… Read More

NAR has Clear Guidelines on Re-posting Listings on Social Media

Posted on April 18, 2017 by SusyH

By Susy Hurlbert In new member orientation this  past month, the subject of sharing listings on social media came up.  NAR has some clear guidelines on re-posting listings on social media.   According to NAR's Model MLS Rules, MLS participants… Read More

What’s Your Retirement Plan?

Posted on April 17, 2017 by SusyH

Learn what people are planning at various stages of their real estate careers. You know how you go the extra mile for your clients—running a quick vacuum before a showing, bringing in flowers or even your own furniture to create… Read More

3 Last Minute Real Estate Tax Tps from Top Agents

Posted on April 11, 2017 by SusyH

It's not too late to save thousands on your taxes this year Key Takeaways Form an LLC and file as an S Corp. Create a SEP (simplified employee pension). Work with a great accountant. This year, taxes for individual agents… Read More

The real estate transaction in 181 steps: What Your REALTOR does for you

Posted on March 30, 2017 by KathrynO

Article Date: March 24, 2017 By Marilyn Lusher Sponsored by: Eastern Connecticut Association of REALTORS Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction. The list… Read More