How Trump’s Presidency Could Impact Real Estate
How will the real estate market be impacted by Donald Trump’s victory and Republicans controlling both chambers of Congress? Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals. Read more... ...
Connecticut Home Sales Rise in August
Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 9.1 percent comparing August 2016 to August 2015. The median sales price of $269,900 reflects a 5.0 percent increase from this period last year. Median indicates that half the homes ...
Legal Update – New Fair Housing Disclosure Form Available
The new Fair Housing Disclosure form pursuant to Public Act 16-16 is now in effect and available on the Connecticut Commission on Human Rights and Opportunities (CHRO) site and may be accessed here. The statement of purpose of the Bill that ...
Agents: What’s Hampering Sales the Most
DAILY REAL ESTATE NEWS | TUESDAY, AUGUST 30, 2016 A dearth of homes for sale, declining affordability, appraisal issues, and lender processing delays are the key issues affecting sales, according to the latest REALTORS® Confidence Index Survey, a survey sent ...
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 ...
Connecticut Home Sales Drop in July
Connecticut REALTORS® reports that single-family residential home sales in Connecticut decreased 8.2 percent comparing July 2016 to July 2015. The median sales price of $265,000 reflects a 2.9 percent decrease from this period last year. Median indicates that half the homes ...
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 ...
Painting Makes Perfect
Did you know...when emphasizing a room's best feature or playing down the flaws, paint has remodeling power! Every home suffers a few negatives, but not every solution requirespricey structural changes. Paint is an often-overlooked, low-cost remodeler’s remedy for common complaints with ...
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, ...