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Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Connecticut Supreme Court issued a ruling that it makes it easier for the state’s property owners to offer their homes on short-term rental platforms including AirBnb and VRBO. According to a CT Mirror report, the court’s 5-2 ruling determined that a “residence”...
The City with the Biggest Annual Rent Hike Is…

The City with the Biggest Annual Rent Hike Is…

by Phil Hall | Jul 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Connecticut’s capital city of Hartford is leading the country for rent hikes, according to new data from Zillow (NASDAQ:Z, ZG). Rents have grown 7.8% over the past year in Hartford, the greatest annual spike in any major city; the current typical rent in Hartford is...
Hits and Misses for the Real Estate Week of July 1-5

Hits and Misses for the Real Estate Week of July 1-5

by Phil Hall | Jul 5, 2024 | Hits and Misses, News/Current Events, Real Estate Investing, U.S. Housing Market, WRE News Exclusive

A YouTube star’s homebuilding project, a new mansion tax proposal and Detroit leads the nation for the wrong reason. From the wild and wooly world of real estate, here are our Hits and Misses for the real estate week of July 1-5. Hit: MrBeast to the Rescue. The...
Mansion Tax Proposal Coming Back to Connecticut

Mansion Tax Proposal Coming Back to Connecticut

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new effort is underway to bring a mansion tax to Connecticut. CT Mirror reported State Sen. Martin M. Looney, a Democrat representing New Haven, is planning to put forth a mansion tax proposal when the state legislature reconvenes in January 2025. Looney, who is...
Connecticut Allocates $8 Million to Remediate Land for Proposed Minor League Soccer Stadium

Connecticut Allocates $8 Million to Remediate Land for Proposed Minor League Soccer Stadium

by Phil Hall | Jun 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Connecticut Gov. Ned Lamont has committed $8 million in state funds to remediate and redevelop two properties that will encompass a proposed minor league soccer stadium in Bridgeport, the state’s largest city. The funds are part of a $26.3 million grant program that...
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