Monthly Archives: July 2016

The basic reason why there just isn’t enough decent housing for the poor

By Emily Badger July 26, the Washington Post At the very bottom of the housing market, where families live on a fraction of what the typical American household makes, the math simply doesn’t add up. The market can serve up … Continue reading

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White House to boost low-income solar movement

The Hartford Business Journal, July 21, 2016 President Obama has taken a liking to financing programs to provide solar panels to low and moderate-income homeowners – a movement that’s been spreading across Connecticut.Obama’s so-called Clean Energy Savings for All Americans … Continue reading

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Remodeling Spending Near 2006 Peak

Home owners are realizing the amount of equity they’ve accrued, and they’re looking to spend it on remodeling projects. Annual spending for home improvement projects is expected to bloom to $321 billion by the middle of next year, which is … Continue reading

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Connecticut Home Sales Rise in June

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 7.4 percent comparing June 2016 to June 2015. The median sales price of $275,000 reflects a 0 percent change from this period last year. Median indicates that half the homes … Continue reading

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Norm Krayem -REALTOR Emeritus

Norm Krayem of BHHS New England properties is celebrating his 43rd year as a Real Estate Broker-Associate and 40 years as a member of the Eastern CT Association of REALTORS® (formerly The New London Board of REALTORS®). Currently, Norm serves … Continue reading

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Affordability, Student Debt Causing Chasm About Buying Between Homeowners, Renters

WASHINGTON (July 13, 2016) — Despite lackluster economic growth and stark home-price appreciation in several parts of the country in recent months, roughly three-quarters of surveyed households still believe now is a good time to buy a home, but there’s … Continue reading

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ECAR 2nd Quarter Market Statistics Report Available Now

Eastern CT is seeing positive trends continue in the second quarter of 2016, with a 16% volume increase over this time last year.  The median price of a single family home is up 6% at $201,000, while average days on market decreased from … Continue reading

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