Eastern Connecticut Association of REALTORS®

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ECAR Insights

ECAR Voice

Connecticut Home Sales Rise in August

Posted on September 21, 2016 by SusyH

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 9.1 percent comparing August 2016 to August 2015. The median sales price of $269,900 reflects a 5.0 percent increase from this period last year. Median indicates that half the homes… Read More

Patent Troll to Stop Seeking Fees from Real Estate Industry

Posted on September 19, 2016 by SusyH

In a major victory for real estate, Data Distribution Technologies, LLC—a so-called patent troll that has been demanding patent licensing fees from real estate companies—has agreed to a settlement with the National Association of REALTORS® that will prevent it from… Read More

SECTION 8 SUBSIDIES

Posted on September 19, 2016 by SusyH

Earlier this month, CTR put out a legal notice with Updates to Section 8 and Broker's Lien Rights Materials. Section 8 is a federally funded program to provide housing opportunities for individuals who qualify for rental assistance. In 1999, HUD merged… Read More

Real Estate’s Public Image Surges

Posted on September 12, 2016 by SusyH

DAILY REAL ESTATE NEWS | MONDAY, SEPTEMBER 12, 2016 Americans are rating the real estate industry much more favorably, according to a new Gallup poll of more than 1,000 Americans. Forty-four percent of Americans now view the industry positively and… Read More

Legal Update – New Fair Housing Disclosure Form Available

Posted on September 7, 2016 by SusyH

The new Fair Housing Disclosure form pursuant to Public Act 16-16 is now in effect and available on the Connecticut Commission on Human Rights and Opportunities (CHRO) site and may be accessed here. The statement of purpose of the Bill that… Read More

14 Simple Steps for Safeguarding Your Office

Posted on September 7, 2016 by SusyH

ECAR Team: September is REALTOR Safety Month, and by now, you are aware of potential dangers that face real estate agents when they are meeting clients, showing properties or hosting open houses, and in their cars. There is one more… Read More

Agents: What’s Hampering Sales the Most

Posted on August 30, 2016 by SusyH

DAILY REAL ESTATE NEWS | TUESDAY, AUGUST 30, 2016 A dearth of homes for sale, declining affordability, appraisal issues, and lender processing delays are the key issues affecting sales, according to the latest REALTORS® Confidence Index Survey, a survey sent… Read More

Existing FHA Condo Rules Extended

Posted on August 30, 2016 by SusyH

On August 24, 2016 HUD extended their existing temporary guidance on condos, without the changes brought about in HR 3700. HUD continues to work on the regulatory guidance to implement the new law, but their existing guidance was set to… Read More

Connecticut Home Sales Drop in July

Posted on August 25, 2016 by SusyH

Connecticut REALTORS® reports that single-family residential home sales in Connecticut decreased 8.2 percent comparing July 2016 to July 2015. The median sales price of $265,000 reflects a 2.9 percent decrease from this period last year. Median indicates that half the homes… Read More

Preparedness Planning for Your Business

Posted on August 15, 2016 by SusyH

Businesses can do much to prepare for the impact of the many hazards they face in today’s world including natural hazards like floods, hurricanes, tornadoes, earthquakes and widespread serious illness such as the H1N1 flu virus pandemic. Human-caused hazards include… Read More

6 Top Ethics Issues Today

Posted on August 8, 2016 by SusyH

Times change but ethical challenges don’t. JULY 2016 | BY BRUCE AYDT   Technology is raising a host of ethics issues, such as what’s okay and what’s not to say on social media. But the biggest ethics issues continue to… Read More

Bill Reardon

Posted on July 1, 2016 by kathrynoleary

Bill Reardon has been a REALTOR® member with the Eastern Connecticut Association of REALTORS® and an agent with Coldwell Banker Residential Brokerage for the past five years. He enjoys working with both buyers and sellers. He has the desire to… Read More

Fitch Ratings: Home prices go from overvalued to undervalued in last decade

Posted on June 29, 2016 by Susy Hurlbert

It’s no secret that home prices dipped considerably after the recession. But have they dipped too low? According to Fitch Ratings’ U.S. sustainable home price model, home prices in Connecticut were 21 percent overvalued in 2000. That same model now… Read More

Top 5 Things REALTORS® Should Know About New FAA Regulations on Unmanned Aerial Systems (UAS)

Posted on June 27, 2016 by Susy Hurlbert

Commercial drone use in the real estate business got a boost today with the release of the Federal Aviation Administration's final rule(link is external)governing small unmanned aerial systems, or UASs, in the national air space. Drones are increasingly being used… Read More

Connecticut Single Family Home Sales Rise in May

Posted on June 24, 2016 by Susy Hurlbert

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 9.6 percent comparing May 2016 to May 2015. The median sales price of $250,000 reflects a 3.8 percent decrease from this period last year. Median indicates that half the… Read More