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Anthony Cutugno

Real Estate
How 2022 New Canaan Luxury Housing Market Compared To Other Areas Of Fairfield County: Report How 2022 New Canaan Luxury Housing Market Compared To Other Areas Of Fairfield County: Report
How 2022 New Canaan Luxury Housing Market Compared To Other Areas Of Fairfield County: Report A lack of supply caused the 2022 luxury housing market to sharply decline in Fairfield County compared to 2021, according to a new report.  The decline in sales, which were down by double digits, was fueled by a high demand for a low amount of available residences, according to a report released by the Houlihan Lawrence real estate brokerage on Thursday, Jan. 5.  "At first glance, the logical conclusion is a slowdown in the luxury market. However, the data suggest strong buyer demand in a sharply supply-constrained market," said Houlihan Lawrence Vice President Anthony Cutugno. H…

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by Ben Crnic
Real Estate
COVID-19: Luxury Home Sales Soar North Of New York City COVID-19: Luxury Home Sales Soar North Of New York City
Covid-19: Luxury Home Sales Soar North Of New York City The market for luxury homes in the suburbs north of New York City has been red-hot during the COVID-19 pandemic, as realtors saw record-breaking numbers as eager buyers flocked en masse away from the densely crowded city. Low inventories, highly-motivated buyers, low-interest rates, and a booming stock market created a true seller’s market, leading to record-breaking sales, specifically in Westchester, Putnam, Dutchess, and Fairfield counties, officials said. According to a new report from Houlihan Lawrence, “pandemic-driven changes in buyer preferences were especially prevalent in New York…

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by Zak Failla