Will Mortgage Rates Continue to Fall This Month?

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 continue to hover near record lows, with the 30-year fixed-rate mortgage averaging around 2.9% for […]

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

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 home. Most people with COVID-19 have mild illness and can recover at home without medical care. […]

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

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 if the real estate agent overprices my home?”  Last but not least, “Is this a good […]

NAR Passes Sweeping Professional Standards Committee Recommendations

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 the application of Article 10 of the Code of Ethics to discriminatory speech and conduct outside of […]

What a Joe Biden presidency means for real estate and housing

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 vice presidential pick, Kamala Harris, have a lot on their plate, to say the least — […]

7 Client Behaviors Emerging From COVID-19

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 the National Association of REALTORS® show. “The delayed spring market is definitely occurring now in […]

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. […]