5 Rules of Engagement For Requesting Repairs From Sellers

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 cosmetic changes. In many parts of the country, real estate sales and continually increasing priceshave been […]

CT Home Prices Up in July

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 less. Single-family residential home sales in Connecticut decreased a slight 0.1 percent comparing July 2017 […]

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

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 ass that you’ve been through,” he says. Freddie Mac and Fannie Mae, government-owned entities that […]

Home Sales and Prices Up in June

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 less. Single-family residential home sales in Connecticut increased 6.4 percent comparing June 2017 to June […]

6 Trends that will ‘Reshape’ the Homeownership Journey

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 are also impacting homeownership. Even controlling for other factors, the gap between white and Asian, […]

Boost in rental construction keeping would-be buyers at bay

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 that is stabilizing rent growth and making would-be buyers think twice about transitioning into homeownership. […]

Home Sales and Prices Up in May

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 less. Single-family residential home sales in Connecticut increased 10.0 percent comparing May 2017 to May […]