From Zillow While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, a possible signal that renters’ preferred location is tilting toward the suburbs. Rents were […]
Category Archives: Real Estate News
Now Is The Time To Redesign Your Office
From Forbes.com For many people returning to their offices after more than three months in lockdown, doing so will be like visiting the ruins of a bygone era. Working from home, call it distributed work, remote work or work from anywhere, is definitely here to stay. No matter how much we spend on partitions, colored safety […]
10 Timeless Kitchen Trends That Will Never Go Out Of Style
Kitchen design trends come and go—we’re looking at you, Formica counters and avocado-green refrigerator!—which means you might get sucked into a fad now and then. But despite all of these passing whims, there are certain classic kitchen looks that will never go out of style. Certain kitchen decor styles endure for good reason: They are […]
Rural Real Estate Prices Rise As People Consider Leaving Cities
The COVID-19 pandemic has already changed the way Americans live, but its long-term repercussions may be with our world even after the virus is eventually controlled. A range of indicators looking at Americans’ economic decision-making shows the virus is impacting how we spend money, how we shop and perhaps, even where we want to live. […]
Affordable Housing Credit Beneficiaries: 2020 Update
Below, we have a recent study by NAHB’s Eye on Housing. They looked into LIHTC (Low Income Housing Tax Credit) to see its impact on local communities. From their data, while these units have been hotly contested, they seem to generate a large number of jobs and have a positive impact on local communities. It […]
Remodeling Industry Sees Optimism Despite COVID-19
NAHB today released its Remodeling Market Index (RMI) for the second quarter of 2020, posting a reading of 73. This is the second quarter with a new RMI, redesigned to ease respondent burden and improve its ability to interpret and track industry trends. The new series is not seasonally adjusted, therefore index readings cannot be […]
Home price growth stays strong amid high demand: CoreLogic
Amid low inventory and sky-high demand, home prices rose at a steady rate this spring — even as fears of a pandemic-induced downturn remain. In May, home prices rose by 4.8 percent year over year. According to the latest data from property analytics provider CoreLogic, the numbers reflect both the pent-up demand for housing during spring’s lull and the […]
Happy Fourth of July Weekend
Wishing you and your families a safe holiday weekend! Some activities that we are looking forward to – even with coronavirus accommodations are: A picnic outside at our local park, socially distanced away from others A family barbecue with plenty of space outside and making sure to keep hands washed Sparklers and small celebration games […]
Real Estate experts: NY Residents moving to Connecticut
Author: Amanda Raus Published: 2:27 PM EDT July 1, 2020 HARTFORD, Conn — The COVID-19 pandemic having a huge impact on the real estate market in Connecticut. We’re seeing a trend of people moving out of New York City and into Connecticut. Experts say it has quickly turned parts of Connecticut from a buyer’s to a seller’s […]
Pending-home sales climbed record-setting 44% from April to May
BY PATRICK KEARNS | Today 7:24 A.M. The Pending Home Sales Index (PHSI), a forward-looking indicator of future sales based on contract signings, climbed 44.3 percent month-over-month and was down 5.1 percent year-over-year in May, after bottoming out in April due to COVID-19. It was the biggest monthly gain ever reported by the National Association of Realtors (NAR) in the nearly two […]