News: Connecticut

Weichert, Realtors offers game plan for first time home buyers

Today's buyer's market offers a tremendous opportunity for those wishing to become a homeowner for the first time. Home prices are extremely affordable, there are plenty of homes to choose from and interest rates remain historically low.  When you consider the fact that first-time buyers can take full advantage of the cost savings offered by today's affordable prices, it's no wonder more than 2.5 million people bought a home for the first time in 2007, according to the National Association of Realtors (NAR).  Still, while it must have been clear to so many that the current market offered a great time to realize their dream of owning a home, most probably had the same initial question: "Where do I start?"   Weichert, Realtors, one of the nation's largest privately held real estate companies, offers several steps first-time homebuyers can take to get the ball rolling: Location, Location, Location - The best place to start is by creating a list of the towns or specific communities where you would like to live. "Windows" Shop - Start by looking online to get an idea of what types of homes and features appeal to you. Determine What You Can Afford - Once you have an idea of where you wish to live and the features you like, the next course of action should be to figure out your price range. Real Estate 101 - First time buyers might consider attending a home buyer seminar to learn more. Finding the Right Agent - Now that you have a general understanding of real estate and what you are looking for, it's time to find a professional who can show you properties that meet your specific needs.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary