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 […]

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 […]
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 sent our agent Donna Navarro (Danielson office) a note congratulating her on a very difficult […]