CT Realtors: Home sales up in February

The Connecticut Association of Realtors reported today that single-family home sales rose 9.1 percent in February, when compared to the same month last year. While the number of homes increased to 1,532 from 1,404 last year, the median sales price dropped by 0.9 percent, falling to $225,000 from $227,000. Condos also picked up in February […] [Read More]
Real estate agents at Kelly Associates in Darien.

Darien’s Kelly Associates joins Houlihan Lawrence

Real estate firm Houlihan Lawrence announced this week that Kelly Associates Real Estate will join the firm as the company’s first independently-owned broker affiliate. Kelly Associates has been the No. 1 listing and selling brokerage in Darien for 24 consecutive years.  As a Houlihan Lawrence affiliate, Kelly Associates will now operate as Houlihan Lawrence, providing […] [Read More]

American Express leases space at First Stamford Place

American Express will move this summer from 400 Atlantic St. to First Stamford Place, a building owned and managed by Empire State Realty Trust, a REIT managed by the Malkin family. In a press release that came out late Monday, the landlord announced that American Express had leased 10,842 square feet at 100 First Stamford […] [Read More]
Categories: Real Estate, Stamford

For ‘what it’s worth,’ the NYT discovers Greenwich’s Christopher Fountain

In case you missed it, the Times’ Business Day Section this weekend ran a profile of Greenwich’s gadfly and famed blogger and real estate broker, Christopher Fountain. Fountain’s blog For What It’s Worth has long been considered must-read material among Greenwich dwellers and real estate watchers. As the story describes, Fountain, a former attorney who […] [Read More]
Categories: Greenwich, Real Estate
Postmark Lobby

New “smoke-free” apartment complex opens in Harbor Point this week

Harbor Point, the sprawling $3.5 billion development in Stamford’s South End, is set to open a new rental building this Saturday. Dubbed “Postmark,” the building features 402 units that are said to have either park or water views, with monthly rents for one-bedrooms starting at $2,000. But one demographic need not apply. In an interesting […] [Read More]

New Stamford downtown luxury rental tries to lure wine lovers

In Stamford, it’s hard to miss 75 Tresser, the new apartment building on one of the city’s most visible corners–the intersection of Washington and Tresser boulevards. Among veteran news reporters and long-time residents, the roughly 3-acre site is still wistfully referred to as the “The Advocate site,” where the paper once had its headquarters. But […] [Read More]

Yale’s Shiller among Nobel prize winners

Three American professors won the Nobel prize for economics Monday for shedding light on how stock, bond and house prices move over time— work that’s changed how people around the world invest, the Associated Press reports. Two of the winners — Eugene Fama, 74, and Lars Peter Hansen, 60 — teach at the University of […] [Read More]
Categories: Economy, Real Estate

Home hunters rising

This is not a reference to a never before heard Door’s song, this is all about the real estate market and mortgages. But you can click the link to find the Door’s site and song LA Woman. The Mortgage Banker’s Association said Wednesday its index of mortgage application activity showed a 5 percent increase in home […] [Read More]

Going up: Mortgage rates hit highest levels in a year

The Mortgage Bankers Association said rates climbed to their highest levels in a year on expectations that the Fed is going to start tapering its asset buying program. The MBA noted that the economy is showing more strength as rates for 30-year fixed conforming loans rose to 3.9 percent, the highest level since May 2012. […] [Read More]

Single-family home prices moving out of reach for some

First timers might find it difficult to find an affordable single-family house in this market as prices accelerate at their fastest pace in 7 years nationally and were up 9.3 percent locally in the first quarter. The increase in prices is a case of lower supply in the market both nationally and locally, experts say. […] [Read More]