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

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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

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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

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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

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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

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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

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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

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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]

New home sales jump nationally, but remained subdued here

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In April, new home sales hit their second highest level since the recession in America, but not in the Northeast. Here, new home sales in April were a more modest 30,000, according to the Commerce Department. That’s actually lower than the three previous months. It’s no surprise new home sales are not high in the […] [Read More]

Empty nesters in Greenwich list home for $190 million

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The Wall Street Journal said today that the owners of Copper Beech Farm are offering the more than 50-acre estate on Long Island Sound for the highest listing price in U.S. at $190 million. The owners told the Journal their kids are grown and so they’re putting the homestead up for sale. You should know, […] [Read More]
Categories: Real Estate

Mortgage rates, chickens and eggs

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The Mortgage Bankers Association reported this week that applications for home loans fell 7.3 percent last week on weaker refi and new purchase activity. At the same time, banks upped the interest rate for conforming loans to 3.67 percent, a rise of just 0.41 percent from the previous week. Is there a correlation between the […] [Read More]