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

Will Mortgage Rates Continue to Fall This Month?

Posted on December 3, 2020 by SusyH

Mortgage rates have hit new record lows 13 times this year, the latest in November. But will the downward trend continue this month? Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®, believes rates will… Read More

Steps to help prevent the spread of COVID-19 if you are sick – CDC

Posted on November 17, 2020 by SusyH

https://www.cdc.gov/coronavirus/2019-ncov/if-you-are-sick/steps-when-sick.html If you are sick with COVID-19 or think you might have COVID-19, follow the steps below to care for yourself and to help protect other people in your home and community. Stay home except to get medical care Stay… Read More

Should I Sell My Home Now or Wait Until the Spring?

Posted on November 16, 2020 by SusyH

by Kyle Hiscock.  There are many questions homeowners ask themselves during the selling process. "How much will my home sell for?"  "How much should I list my home for?"  "Who should I select as a real estate agent to sell my home?"  "What… Read More

NAR Passes Sweeping Professional Standards Committee Recommendations

Posted on November 13, 2020 by SusyH

NAR Does Not Tolerate Hate - Approved by NAR Board of Directors on November 13, 2020 NAR’s Board of Directors today strengthened REALTORS®’ commitment to upholding fair housing ideals, approving a series of recommendations from NAR’s Professional Standards Committee that extend… Read More

What a Joe Biden presidency means for real estate and housing

Posted on November 10, 2020 by SusyH

From Biden's campaign, here's how we can expect his administration to respond to today's most crucial housing issues BY LILLIAN DICKERSON | Staff Writer After days of suspenseful vote-counting, Joe Biden has been declared the 46th President of the United States. Biden and his… Read More

Preparing for an inspection? 10 things sellers need to do

Posted on September 1, 2020 by SusyH

There are many obstacles that can derail an inspection, especially in today's COVID-19 climate. As an agent, you should step in and offer sellers advice on what to do to make the process go a bit smoother, by Cara Ameer… Read More

7 Client Behaviors Emerging From COVID-19

Posted on August 7, 2020 by SusyH

By Melissa Dittmann Tracey As the effects of the pandemic continue, nine in 10 REALTORS® say their housing markets are in recovery mode, with many even saying their markets are hotter now than a year ago, recent member surveys from… Read More

CT homeowners’ delinquency rates soar to one of nation’s highest during COVID pandemic

Posted on August 3, 2020 by SusyH

By ANA RADELAT and KASTURI PANANJADY, the Connecticut Mirror As the COVID pandemic increases economic pain,  Connecticut homeowners are falling behind in paying their mortgages at a higher rate than those in most other states. According to Black Knight, a firm that provides… Read More

DOES UNEMPLOYMENT COUNT AS INCOME IN RENTAL HOUSING?

Posted on June 2, 2020 by SusyH

The rental housing industry often feels the ripples of economic change in a direct way. Move outs, unpaid rent, late notices, subletters or roommates, and even evictions can have unintended consequences to long-term unemployment. With most businesses shuttered, many renters… Read More

More First-Time Home Buyers Are Entering the Market

Posted on May 27, 2020 by SusyH

A shift in the mix of home buyers has been occurring since the pandemic began. Investor numbers are shrinking, while the number of home shoppers purchasing their first home ever is on the rise. These buyers are freed from having… Read More

10 tips for buyers putting in offers sight unseen amid coronavirus

Posted on May 26, 2020 by SusyH

Buying a property without seeing it in person is hardly ideal. But, in the new world created by COVID-19, virtual touring is becoming increasingly common, by Nicole S0lari Buying a property without seeing it in person is hardly ideal. But, in… Read More

Residential refis make up 55% of home loans in first quarter

Posted on May 21, 2020 by SusyH

Spurred by historically low interest rates, new refinances made up about $328.5 billion in total dollar volume in Q1, up 105 percent from the same period last year BY LILLIAN DICKERSON |  Refinance loans comprised 55.7 percent of a total of 1.92… Read More

The hidden opportunities of a challenging market

Posted on May 4, 2020 by SusyH

When the unexpected happens, luxury agents are primed to adapt BY NIKKI FIELD Economic downturns are difficult. But for agents in the luxury real estate space, a slow business cycle is an ideal time for investing in your skills. While many agents… Read More

Serious Homebuyers Are Active During Pandemic, NAR Flash Survey Shows

Posted on April 16, 2020 by SusyH

By Liz Dominguez Many fear a stalled market due to the spread of COVID-19. However, according to the newest Economic Pulse Flash Survey from the National Association of REALTORS® (NAR), buyers are out there, and they are more serious than ever before.… Read More

Posted on April 6, 2020 by SusyH

By CARA AMEER In a matter of days, life as we know it has been turned upside down. The only normal is a new one. The experience of living through 9/11 and the economic crash of 2008 has taught us just… Read More