Existing FHA Condo Rules Extended
On August 24, 2016 HUD extended their existing temporary guidance on condos, without the changes brought about in HR 3700. HUD continues to work on the regulatory guidance to implement the new law, but their existing guidance was set to ...
Fitch Ratings: Home prices go from overvalued to undervalued in last decade
It’s no secret that home prices dipped considerably after the recession. But have they dipped too low? According to Fitch Ratings’ U.S. sustainable home price model, home prices in Connecticut were 21 percent overvalued in 2000. That same model now ...
Connecticut Single Family Home Sales Rise in May
Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 9.6 percent comparing May 2016 to May 2015. The median sales price of $250,000 reflects a 3.8 percent decrease from this period last year. Median indicates that half the ...
Why a Weaker Economy Could Be Good for Home Buyers and Owners
While no one should be rooting for a weak economy, it does present a few advantages for cash-strapped home buyers and owners.After a disappointing jobs report, it doesn’t look likely that the Federal Reserve will raise interest rates later this ...
Existing-Home Sales on Course for Best Year since 2006, Student Loan Debt Slowing Prospective Buyers
WASHINGTON (May 12, 2016) – Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to ...
Where Does Your State Land in Property Tax Rankings?
Who Pays the Highest Property Taxes? The average median property tax rate across the nation is 1.31 percent. That means a home owner with a home valued at $200,000, on average, pays an annual amount of $2,620 in property taxes, ...
Home Sales Rise Significantly in February
Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 19.9 percent comparing February 2016 to February 2015. The median sales price of $231,000 represents a 2.7 percent increase from $225,000 in that same time period. Median indicates that ...
CT and eastern CT Home Sales Rise in January
Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 19.2 percent comparing January 2016 to January 2015. The median sales price of $232,000 represents a less than 1 percent decrease from $234,000 in that same time period. ...
U.S. House Unanimously Passes Condo Bill
The House of Representatives passed the, "Housing Opportunities through Modernization Act” with a unanimous vote of 427-0! Read about the changes on realtor.org
Don’t Miss These Home Tax Deductions
Owning a home can pay off at tax time. Take advantage of these home ownership-related tax deductions and strategies to lower your tax bill. Read more at houuselogic.com
