Category Archives: Home Buying Process

Broker’s Lien Enforced by Buyer’s Rep

This happened in March, 2016.  Good to know that Buyer Representation means something to both buyers, and buyer representatives! A Connecticut appellate court has considered whether a buyer’s representative could collect a commission from a client when the client violated the … Continue reading

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Lenders Told It’s Customary to Share Closing Disclosure With Agents

Real estate professionals experiencing trouble receiving copies of the closing disclosure under federal closing rules that took effect last year for residential real estate transactions should see relief under proposed changes and clarifications to the rules the federal government released … 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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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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New Fair Housing Disclosure from the Connecticut Commission on Human Rights and Opportunities (CHRO)

The new Fair Housing Disclosure form pursuant to Public Act 16-16 is now available on the Connecticut Commission on Human Rights and Opportunities (CHRO) site and may be accessed here. The statement of purpose of the Bill that passed is “To provide … Continue reading

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Fitch Ratings: Home prices go from overvalued to undervalued in last decade

It’s no secret that home prices dipped considerably after the recession. But have they dipped too low? According to Fitch Ratings’ U.S. sustainable home price model, home prices in Connecticut were 21 percent overvalued in 2000. That same model now … Continue reading

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Connecticut Single Family Home Sales Rise in May

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 9.6 percent comparing May 2016 to May 2015. The median sales price of $250,000 reflects a 3.8 percent decrease from this period last year. Median indicates that half the … Continue reading

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