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US broke real estate records in 2021. Here’s where Connecticut stands.

US broke real estate records in 2021. Here’s where Connecticut stands.

by Third Party | Jan 23, 2022 | News/Current Events, Real Estate News

Source: CT Insider —  Connecticut saw a shift from the norm in the 2021 residential real estate industry, as fairly steady prices morphed into a strong sellers’ market, experts said. The change occurred amid a record year for the real estate market nationally....
Here’s How the White House Is Attempting to Help With the Housing Shortage

Here’s How the White House Is Attempting to Help With the Housing Shortage

by Third Party | Jan 23, 2022 | News/Current Events, Real Estate News

Source: apartment therapy —  The pandemic has exposed and amplified the effects of unequal access to decent, affordable housing. For many Americans who are already living on the edge, that’s where the government’s nearly $2 trillion Build Back Better bill aims...
These are the cities where you’re most likely to see a bidding war for your home

These are the cities where you’re most likely to see a bidding war for your home

by Third Party | Jan 22, 2022 | News/Current Events, Real Estate News

Source: Fortune—  New data from Redfin shows that three in five homes faced multiple offers in December. That’s lower than the April highs of nearly 75%, but higher than December 2020’s 54%. And in some cities, the bidding wars are still raging. “Buyers should...
Inventory Down 40% from Pre-Covid Level as Price Growth Intensifies (December 2021 Market Report)

Inventory Down 40% from Pre-Covid Level as Price Growth Intensifies (December 2021 Market Report)

by Third Party | Jan 22, 2022 | News/Current Events, Real Estate News

Source: Zillow —  There were fewer options for would-be home buyers on the market at the end of 2021 than any time in recent memory, according to Zillow’s December 2021 Market Report. And the limited supply seems to have reignited home price appreciation, as...
Existing-Home Sales Decline Amid Listings Shortage

Existing-Home Sales Decline Amid Listings Shortage

by Third Party | Jan 22, 2022 | News/Current Events, Real Estate News

Source: Realtor.com —  The numbers: Existing-home sales decreased 4.6% between November and December, hitting a seasonally-adjusted, annual rate of 6.18 million, the National Association of Realtors said Thursday. Compared to a year ago, sales were down more...
Zillow December 2021-December 2022 Home Value & Sale Forecast

Zillow December 2021-December 2022 Home Value & Sale Forecast

by Third Party | Jan 21, 2022 | News/Current Events, Real Estate News

Source: Zillow —  Existing home sales are expected to continue growing through 2022, approaching levels not seen since 2005, while annual home value growth is likely to peak and plateau in the early months of 2022 before slowing somewhat through the end of next...
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