A new study provides conclusive evidence of Connecticut’s appeal as a residential destination during the COVID-19 pandemic.
In 2020, Connecticut received a greater share of new arrivals than New York towns and villages spanning the lower Hudson River Valley and on Long Island.
Read MoreLitchfield County saw a real estate boom during the pandemic as New Yorkers — mainly Brooklynites — flocked to the country for fresh air and wide open spaces.
But it wasn't only city dwellers. At least one Fairfield County resident fled the "rat race" for the northwest corner too.
Read MoreColorado has long been a desirable address, and the Denver metro area’s real estate market has been growing for years. But at the outset of 2020, nobody expected the year to be so exceptional. History tells us that elections, particularly contentious ones, typically slow things down as buyers and sellers wait out political and economic uncertainty.
Read MoreSome agents are waking up at 2:30 a.m. to schedule showings. Others are spending hours trying to catch potential listings before they go on the market.
Read MoreHomeowners from Fairfield County took aim Saturday at proposed affordable housing legislation before the General Assembly, voicing their skepticism of state-mandated solutions and asserting their right to home rule.
Read MoreWe hope you love the products we recommend! All of them were independently selected by our editors. Just so you know, BuzzFeed may collect a share of sales or other compensation from the links on this page if you decide to shop from them. Oh, and FYI — prices are accurate and items in stock as of time of publication.
Read MoreInformation provided by Joshua O’Neill, of the city’s Planning and Zoning Department, showed 11 residential projects underway, with more to come. Four will add 226 apartments to the city’s downtown, where former factories are being converted into mixed-use rental buildings. Elsewhere, developments include single-family homes, condominium complexes, apartments buildings and 55-plus housing.
Read MoreAs the real estate market remains on a boil in New York’s Hudson Valley, heated in large part by second-home buyers re-evaluating their commitment to urban living, longtime residents are experiencing both prosperity and pain.
Read MoreThere’s no denying that the real estate market is hot right now. The need for homes that cater towards consumers’ desired lifestyles in the wake of COVID-19 paired with low-interest rates has created an environment where buying a home is a top priority on everyone’s to-do-list.
Read MoreRealtors in the Hudson Gateway Association of Realtors’ market area that includes the lower Hudson Valley region, adapted to state-imposed restrictions early in the pandemic and rode the wave of pent-up buyer demand to post sales increases as compared to 2019 activity.
Read More“The impact is going to be tremendous,” Antonio Iadarola, public works director and city engineer, told City Council members at their meeting last week.
Traffic signals from the garage at Western Connecticut State University to Federal Road will also be re-timed.
Read MoreThis year's list of the 25 best neighborhoods in Denver includes some new entries in fast-growing areas like Five Points, Lowry Field and Stapleton (recently renamed Central Park). Falling out of the top 25 were Skyland, Speer and Southmoor Park.
Read MoreCompetition was also fierce in New Rochelle, which attracts buyers with its parks and beaches, an ethnically mixed population of 79,000, and by being a mere 20 miles north of Times Square. The house the Rothschilds bought — which has three bedrooms, one and a half bathrooms and a fireplace that is now working (after repairs), in the Beechmont neighborhood — received multiple bids before selling for $490,000, or $25,000 above the listing price.
Read MoreFor the 13th time this year the mortgage interest rates have reached the lowest point in recorded history. Freddie Mac reports 30-year, fixed rate loans were as low as 2.72% over the past week. That is down from their previous low of 2.78% earlier in the month.
Read MoreFor those yearning for a bit more undisturbed acreage in a fast-growing metro area, look to the north.
Brighton and Adams County teamed up with The Conservation Fund this week to preserve 79 acres of farmland along 144th Avenue and Sable Boulevard, just south of Brighton, in a traditionally agricultural area recently designated as Historic Splendid Valley.
Read More“Denver has so much to offer,” he added. “The city’s booming restaurant and bar scene has granted it a great number of accolades making virtually every venue a destination in its own rights. In particular, we picked the neighborhood of Lower Highlands as it marries well with the Life House brand’s ethos being architecturally interesting, growing at a very fast pace, and with a story to tell.”
Read MoreAre you tired of renting? Are you considering purchasing your first home? Do you dream of owning a house that can provide both you and your family a sense of stability and community?
For many Americans, home ownership is an important part of the American dream. Being a homeowner means having a space to call your own and a place where you belong. It also means being a part of a community. Owning a home may provide other financial benefits, such as the ability to build wealth through home equity, and potentially lower housing costs and savings over the cost of renting.
Read MoreWith autumn here it is time to get your house in shape for the cooler months ahead. Fall is a great time to take care of the little things that can make a big difference for you and your home. Getting ready for colder weather means checking, repairing, and prepping your home to withstand the upcoming rain, wind, and snow.
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In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be told, not all agents are created equal. Finding the right agent for you and your family should be your top priority when you’re ready to sell your house.
The right agent is the person who can truly walk you through the whole process, look out for your best interest, and seamlessly lead you through all the steps along the way. In today’s complex market, the way we execute real estate transactions is changing constantly, especially as more elements can be done virtually. Making sure you have the best advice on your side is more important than ever.
It starts with trust. You must trust the advice this person is going to give you, and you’ll want to begin by making sure you’re connected to a true professional. An agent can’t give you perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in this unique market. A true professional agent can, however, give you the best advice possible based on the information and situation at hand, helping you make the necessary adjustments and best decisions along the way. The right agent – the professional – will get you the best offer available. That’s exactly what you want and deserve.
1. Navigate the Process
There are over 230 possible steps that take place during a successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to ensure you have a positive selling experience?
2. Negotiate on Your Behalf
Today, hiring a trusted and talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step – from the buyer submitting an original offer, to the possible renegotiation of that offer after a home inspection, to the potential cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.
3. Price Your House Competitively
There’s so much information in the news and on the Internet about home sales, prices, and mortgage rates. How do you know what’s going on in our local area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process?
Dave Ramsey, known as the financial guru, advises:
“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”
Hiring a trusted professional who has a finger on the pulse of the market and is eager to help you learn will make your experience an informed and educated one. You need someone who’s going to tell you the truth, not just what they think you want to hear.
Today’s real estate market is highly competitive. Having a trusted professional who’s been there before to guide you through the process is a simple step that will give you a huge advantage when you’re ready to sell your house. Find out more about us and then let’s connect.
One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s a look at what some experts have to say about key areas that will power the industry and the economy forward this year.
Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association
“The recovery in housing is happening faster than expected. We anticipated a drop off in Q3. But, we don’t think that’s the case anymore. We revised our Q3 numbers higher. Before, we predicted a 2 percent decline in purchase originations in 2020, now we think there will be 2 percent growth this year.”
Home Sales: Lawrence Yun, Chief Economist, National Association of Realtors
“Sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lock down and hence the cyclical low point…Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.”
Inventory: George Ratiu, Senior Economist, realtor.com
“We can project that the next few months will see a slow-yet-steady improvement in new inventory…we projected a stepped improvement for the May through August months, followed by a return to historical trend for the September through December time frame.”
Mortgage Rates: Freddie Mac
“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”
New Construction: Doug Duncan, Chief Economist, Fannie Mae
“The weaker-than-expected single-family starts number may be a matter of timing, as single-family permits jumped by a stronger 11.9 percent. In addition, the number of authorized single-family units not yet started rose 5.4 percent to the second-highest level since 2008. This suggests that a significant acceleration in new construction will likely occur.”
The experts are optimistic about the second half of the year. If you paused your 2020 real estate plans this spring, let’s connect today to determine how you can re-engage in the process.
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