July 2022 – Real Estate While nominal house price appreciation is still strong, the housing market is adjusting to higher mortgage interest rates, which has resulted in a significant decline in home-buying power. The housing boom of 2020 and 2021 was the exception, not the rule. Record-low mortgage rates, the ability to work from home, … Read More
Category: News
Governor Lamont Extends State of Emeregency
Categories: General, NewsGovernor Lamont Extends State of Emergency On January 26, 2021, Governor Ned Lamont issued a letter which extends Connecticut’s state of emergency from its prior termination date of February 9 to April 20, 2021, unless earlier terminated by him. The effect of this extension is that the Governor’s Executive Order 7Q, which authorizes and sets … Read More
FHFA Extends COVID Related Loan Flexibilities
Categories: News, Real EstateFHFA Further Extends COVID-Related Loan Flexibilities FOR IMMEDIATE RELEASE 12/10/2020 Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until January 31, 2021. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set … Read More
Real Estate Report
Categories: News, Real EstateReal Estate Report What Will Happen with Real Estate? The prognosticators had promised Armageddon for the economy when the pandemic hit. Don’t get us wrong–it was plenty bad. But it was not as bad as many had predicted. The main reason for this resiliency? The real estate market. This is somewhat poetic justice because … Read More
Paycheck Protection Program Flexibility Act (PPPFA)
Categories: General, NewsPaycheck Protection Program Flexibility Act (PPPFA) Based on numerous complaints regarding the Paycheck Protection Program (PPP), Congress passed the Paycheck Protection Program Flexibility Act (PPPFA), which has now been signed into law. The PPPFA simplifies the PPP process and makes it easier for small businesses to qualify for loan forgiveness: Provides more time for business … Read More
Connecticut Bar Association Denounces All Acts of Hate
Categories: NewsCBA Denounces All Acts of Hate Written Monday, June 1, 2020 The Connecticut Bar Association (CBA) denounces all acts of hate, violence, and discrimination that violate constitutional rights, stifle social justice, and undermine the rule of law. The CBA stands in solidarity with all those who face hate, violence, and discrimination based on any protected … Read More
CT Essential Businesses Exempt
Categories: General, NewsEssential Businesses Exempt from Connecticut’s One-Month Shutdown. Essential businesses not subject to Connecticut’s one-month business shutdown include multiple industries beyond hospitals, grocers, and gas stations: Legal and accounting service providers Insurance companies Construction companies Maintenance companies for residential and commercial properties including sanitation, landscaping, and pest control services Child care providers Vendors of goods and … Read More
We Are Here To Serve
Categories: General, NewsWE ARE HERE TO SERVE These are challenging times. Executive Orders are being issued daily. State and local edicts are coming fast and furious. Access to courts and government services have been reduced or severely limited. We are all hunkering down in response to the spread of the COVID-19 virus. These changes are challenging for … Read More
CT New Laws Passed
Categories: NewsThe Connecticut General Assembly recently passed new laws to support the next generation of Connecticut residents: Gun Safety In an effort to keep guns out of the wrong hands, two new laws will require the safe storage of firearms. The American Academy of Pediatrics recently concluded that safe storage laws reduce the chance of unintentional … Read More
2019 Connecticut Legislative Update
Categories: News2019 Connecticut Legislative Update The 2019 legislative session adopted a $43 billion budget. They also passed a few important bills relating to real estate. Below is a brief summary of these bills: Senate Bill 320. An Act Concerning Real Estate Closings and Attorneys and Law Firms Preferred by Mortgage Lenders. This important piece of legislation … Read More