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

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

6 Trends that will ‘Reshape’ the Homeownership Journey

Posted on July 18, 2017 by SusyH

Research from a financial services company digs into the factors shaping the future Key Takeaways Millennials are typically marrying and having kids later in life -- after securing a college degree. Stagnant income growth and lingering concerns from the recession… Read More

Boost in rental construction keeping would-be buyers at bay

Posted on July 14, 2017 by SusyH

The rental market is benefiting from a record year of new apartment construction While the housing market continues to deal with the inevitable strain of low inventory, the rental market is benefiting from a record year of new apartment construction… Read More

7 reasons instant home purchase offers aren’t good for sellers

Posted on July 13, 2017 by SusyH

What seems like a convenient and easy solution masks some serious drawbacks Key Takeaways Instant home purchase offers aren't designed to benefit the homeseller; they are designed to benefit the investor or company. Sellers are positioned to get low offers… Read More

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