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These CT Communities Make List Of Top 10 Popular Real Estate Markets In Country: Report These CT Communities Make List Of Top 10 Popular Real Estate Markets In Country: Report
These CT Communities Make List Of Top 10 Popular Real Estate Markets In Country: Report Four Connecticut municipalities are among the top ten most popular real estate markets in the country, according to a new report by Zillow.  According to the report, released by Zillow on Tuesday, Dec. 19, three Hartford County towns and one Middlesex County city were among the ten most popular real estate markets in the United States in 2023.  To find out which ten communities were most bustling among home shoppers, the website took a look at housing metrics that indicate consumer demand for more than 2,000 US cities such as page-view traffic, home value growth, and num…

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by Ben Crnic
Real Estate
Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says
Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says Those looking to buy homes certainly seem to be flocking toward Connecticut, as the state is the only one to have two zip codes that are among the top 10 "hottest" markets in the nation, according to a new report from Realtor.com.  Both the Hartford County town of Southington and the Fairfield County city of Norwalk appeared on Realtor.com's 2023 list of the "hottest zip codes" in the US, taking the No. 2 spot and the No. 8 spot, respectively.  The annual rankings are determined by taking into account both the market demand, measured by the number of unique viewers per property on…

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by Ben Crnic
Real Estate
This CT Housing Market Ranks First Nationwide For Projected Growth In 2023: Report This CT Housing Market Ranks First Nationwide For Projected Growth In 2023: Report
This CT Housing Market Ranks First Nationwide For Projected Growth In 2023: Report According to a brand-new report, two housing markets in New England, one in Connecticut and the other in Massachusetts, are among the Top 10 nationwide positioned for growth in 2023. Roughly 23 percent of housing inventory is affordable at the median income level in the Top 10 metros across the country, according to realtor.com. Hartford-West Hartford-East Hartford is ranked No. 1 nationally with 6.5 percent projected year-over-year sales growth and 8.5 percent price growth predicted this year, realtor.com said. Worcester, at  No. 4, has a 2.5 percent sales growth predicted in 2023 an…

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by Joe Lombardi
Real Estate
Look Inside Grey’s Anatomy Creator Shonda Rhimes’ Newly Purchased $15M Fairfield County Estate Look Inside Grey’s Anatomy Creator Shonda Rhimes’ Newly Purchased $15M Fairfield County Estate
Look Inside Grey’s Anatomy Creator Shonda Rhimes’ Newly Purchased $15M Fairfield County Estate Queen of television Shonda Rhimes is putting down roots in Connecticut after scooping up a massive, multimillion-dollar estate in Fairfield County, the New York Post first reported.  The 52-year-old TV writer, producer, and author - best known for creating hit shows like Grey’s Anatomy, Private Practice, and Scandal - recently closed on a 38,000-square-foot home in Westport for a whopping $15.17 million, the outlet reports. Sitting on roughly 7.5 acres, the New England Colonial home boasts 11 bedrooms, a basketball court, bowling alley, an arcade, a home theater, eight fireplaces, and a ki…

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by Michael Mashburn
Real Estate
Fairfield County Ranks As 'Undervalued' For Home Prices, New Report Says Fairfield County Ranks As 'Undervalued' For Home Prices, New Report Says
Fairfield County Ranks As 'Undervalued' For Home Prices, New Report Says Homes in some regions in Connecticut are being considered “undervalued” amid the current housing bubble, according to a new Fortune Magazine report. Fortune studied home price growth, which is wildly outpacing income growth across the country, with areas in Connecticut considered “overvalued" or “undervalued.” Specifically, in Fairfield County, Bridgeport, Stamford, and Norwalk were considered undervalued. Also undervalued for housing are Hartford, East Hartford, and Middletown, the report said. New Haven County and Milford were rated as “normal,” with no other areas highlighted by the …

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by Zak Failla
Lifestyle
New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K
New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K A new real estate trend has seen a growing number of millennials purchasing historic houses for less than $100,000. "Cheap Old Houses," an Instagram page run by a listing website, has seen significant growth in its following throughout the pandemic. The page began with 750,000 followers at the beginning of the pandemic, according to Business Insider. As of December of 2021, it has grown to 1.8 million followers. View this post on Instagram A post shared by Cheap Old Houses ™ (@cheapoldhouses) The page's founder told the news site that the …

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by Nicole Valinote
Real Estate
COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales
Covid-19: Pandemic Leads To Surge In 'Tiny House' Sales It seems puzzling at first, but COVID-19 has increased demand for homes in the 120 to 500 square-foot range. Tiny homes, the seemingly quirky, sustainable living trailers that were popularized during the 2010s recession, are being sought in greater numbers, according to manufacturers and industry analysts. A manufacturer in California became so inundated with requests that he had to expand his warehouse from 12,000 square feet to 22,000 square feet, according to Yahoo News. 2020 wound up being a record year for the company and no one was more surprised than the owner. Why would anyone want…

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by Kristin Palpini
Business
If You Had To Guess: Top 10 Easiest Places In Connecticut To Sell A Home If You Had To Guess: Top 10 Easiest Places In Connecticut To Sell A Home
If You Had To Guess: Top 10 Easiest Places In Connecticut To Sell A Home Homes sell faster in some towns than others, and a new survey has identified the top 10 easiest places to sell a home in Connecticut. SmartAsset looked at the length of time a home sits on the market and the ease of sale index to determine where homes sell fast. There are 169 municipalities in Connecticut. It turns out that homes in Hartford and New Haven counties are among the quickest to sell in the state. The top 10 communities where it’s easiest to sell a home are (from most difficult to least): 10. New Haven 9. Ansonia 8. Stratford 7. Meriden 6. Newington 6. East Hartford 4. D…

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by Kristin Palpini
Real Estate
NYC Rents Soar To Three-Year High NYC Rents Soar To Three-Year High
NYC Rents Soar To Three-Year High With New Yorkers leaving the state in record numbers, rent prices continue to rise in New York City, reaching a three-year peak. The average rent for a one bedroom apartment in New York is up to $2,980, according to a new report by Zumper. The number represents a 4.2 percent increase from June a year ago and prices have reached a three-year high. The report found that two-bedroom apartments in the Big Apple are also becoming more expensive, up to an average of $3,330 monthly, a 5.1 percent increase from 2018. The average price of rent in New York City is the second highest in the country, …

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by Zak Failla
Lifestyle
This Fairfield County Town Is Connecticut's Best Place To Live, According To New Rankings This Fairfield County Town Is Connecticut's Best Place To Live, According To New Rankings
This Fairfield County Town Is Connecticut's Best Place To Live, According To New Rankings A new report reveals the best place to live in each state, and a Fairfield County town is ranked No. 1 in Connecticut. The town of Darien was ranked as the “best place to live” in the Nutmeg State according to 24/7 Wall St.  With 21,519 residents, Darien’s population rose by approximately 4.6 percent within the last five years. It has a median home value of $1,248,200. Darien’s median household income is $208,125. Studies show four out of five Darien adults also have a Bachelor’s degree or higher, prompting 24/7 Wall St. to refer to the town as “home to one of the wealthiest and best-…

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by Valerie Musson
Real Estate
This Fairfield County City Saw State's Biggest Increase In Median Home Price This Fairfield County City Saw State's Biggest Increase In Median Home Price
This Fairfield County City Saw State's Biggest Increase In Median Home Price A new report on HomeArea has cited a city in Fairfield County among its list of areas that underwent the greatest increase in median home price. The findings were released by the Census Bureau and initially gathered from the American Community Survey based on cities in Connecticut that have 60,000 residents or more. Norwalk made the No. 8 spot on the list, with a median multiple of 6.0. The median multiple is the value that indicates how many years it would take with the median income to pay off the median home price. This shows a 1.1 increase over last year’s median multiple of 4.9. As a …

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by Valerie Musson
Politics
Murphy: Tax Reform Will Have 'Drastic' Effect On Many In Fairfield County Murphy: Tax Reform Will Have 'Drastic' Effect On Many In Fairfield County
Murphy: Tax Reform Will Have 'Drastic' Effect On Many In Fairfield County FAIRFIELD, Conn. — U.S. Sen. Chris Murphy met with real estate agents and homeowners in Fairfield on Friday, telling them the new federal tax law will have a “drastic” effect on Connecticut, particularly in Fairfield County. Amid warnings from economists that the law will limit mortgage and property tax deductions and cause home values to drop, Murphy said he wanted to hear from those who know the state’s real estate market best. “It’s a tax increase for tens of thousands” of working people across Connecticut, said Murphy, who spoke with constituents at the offices of the Berkshire Hathawa…

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by Meredith Guinness