Real Estate

Home prices see biggest jump since 2014

The Case Shiller 20-city index posted an 11.1% year-over-year gain, up from 10.2% in the previous month, the largest jump since March 2014, while the 10-city index an annual increase of 10.9%, compared to 9.9% in the previous month

Mortgage refinance incentives no more

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.36% from 3.28%, up 50 basis points since the beginning of the year. As a result, the incentives of refinancing have been shut off for many borrowers. 

Will Biden change real estate tax rates?

President Biden has said he intends to raise certain tax rates – but could real estate rates be affected by his potential changes to the tax code?

Connecticut’s zoning laws a focus in racial equity debate

After the police killing of George Floyd, a Connecticut law professor invited architects, planners and land use attorneys to a discussion of how local zoning worsens the state’s racial inequities. Over 200 people logged onto her impromptu Zoom meeting.