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

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 lenders and mortgage servicers with data and analytics, 9.39% of Connecticut’s 571,513 mortgages were delinquent […]

DOES UNEMPLOYMENT COUNT AS INCOME IN RENTAL HOUSING?

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 are facing financial insecurity due to the coronavirus pandemic. As of this writing, over 36 million […]

More First-Time Home Buyers Are Entering the Market

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 to sell a home prior to purchasing, and they are valuing homeownership in a pandemic. […]

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

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 million home loans in the first quarter of 2020, according to Attom Data Solutions’ Q1 […]

The hidden opportunities of a challenging market

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 are naturally concerned about what the future of their careers will look like when the […]
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 how quickly we abandon established routines in exchange for new ones. At one point in […]

Here’s a 7-step guide to resolving conflicts

Getting all the facts before taking a stand leads to quicker, cleaner resolutions, by Matthew Szalecki If you’re in the real estate business long enough, you’re eventually going to encounter conflict. It’s simply a matter of numbers: The more you sell or the more agents you manage, the higher the likelihood that you’re going to butt […]