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. […]

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

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 of years. Consumer confidence is high, and although the government is experiencing gridlock in Washington, […]

Fed announces third rate hike in 7 months

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 conditions and inflation,” the Federal Open Market Committee said. The decision marks the fifth hike […]

NAR bets on Upstream with additional $9M in funding

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 the platform, UpstreamRE, is expected to repay the funds when it achieves profitability. The funds […]

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

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 of owning a home,” said NAR President Bill Brown. The proposed reform would reduce the […]

Uneven Economic Recovery Has Real Estate Implications

Stagnant economic conditions for middle-class America continue to put some real estate markets on uneven ground. NAR’s chief economist Lawrence Yun, who presented his latest economic outlook at the 2017 REALTOR® Broker Summit in San Diego, said lifetime wealth is at an all-time high in the U.S. However, this wealth is highly concentrated in the […]

Legal Update – New Fair Housing Disclosure Form Available

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 passed is “To provide prospective owners of multifamily residential properties with conspicuous notice of federal […]

Preparedness Planning for Your Business

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 accidents, acts of violence by people and acts of terrorism. Examples of technology-related hazards are […]

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

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 in commercial applications, but federal regulations have required commercial drone operators to apply for a […]