bridgeport, Conn.: ‘a diamond in the rough’ reinventing itself

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bridgeport, Conn.: ‘a diamond in the rough’ reinventing itself

Bridgeport was once unavoidable. In the middle of the last century, the waterfront Fairfield County city 60 miles from Manhattan churned out so many kinds of products, it seemed to be almost single-handedly shaping the habits of modern life. Rolling off the assembly lines there: lipstick cases, flashlights, typewriters, fans, underwear, sewing machines, cars, scissors, guns, lace, drills, helicopters and phonograph records.

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existing-home sales dipped 7.7% in november

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existing-home sales dipped 7.7% in november

Realtor.com®'s Market Trends Report(link is external) in November shows that the largest year-over-year median list price growth occurred in Milwaukee (+38.1%), Memphis (+26.9%) and Miami (+24.8%). Phoenix reported the highest increase in the share of homes that had prices reduced compared to last year (+28.4 percentage points), followed by Austin (+23.8 percentage points) and Denver (+21.0 percentage points).

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housing market is shifting closer to favoring buyers

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housing market is shifting closer to favoring buyers

The housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many strongholds show no sign of slowing down and some are expected to gain momentum over the next year.

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denver housing market 2022

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denver housing market 2022

The Denver housing market is one of Colorado’s most active as the state capital is home to many employers and is one of the Mountain West’s largest cities.

People also have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains.

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state okays fairfield schools timeline toward redistricting, addressing racial balance

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state okays fairfield schools timeline toward redistricting, addressing racial balance

FAIRFIELD - The State Board of Education on Wednesday approved an agreement... the district received updated enrollment projections from the SLAM Collaborative, a demographic firm, in late June, but that the estimates came “with some caution” because of the fluctuating real-estate market.

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home prices are finally falling. here's what to expect with the CT real estate market

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home prices are finally falling. here's what to expect with the CT real estate market

With the New York City region continuing to hold its own on real estate prices, Connecticut home owners are testing the autumn market with new listings — though some with existing listings are cutting their prices as buyers cope with higher mortgage rates and the overall impact of inflation.

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4 predictions for denver’s (cooling-off?) real estate market

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4 predictions for denver’s (cooling-off?) real estate market

Waiting until prices plateau to buy won’t necessarily save you money though. “The more the bubble pops,” Gill says, “the higher the interest rates have gone. So your bottom-line expenses are either going to be the same or cost more if you don’t get into the market now.”

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times take on affordable housing lacks evidence, balance

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times take on affordable housing lacks evidence, balance

It’s important to address some of the claims and assumptions made in Ms. Lisa Prevost’s recent piece in the NY Times, Town After Town, Residents Are Fighting Affordable Housing in Connecticut.

The piece spurred a lot of discussion in many towns in the Nutmeg State and as an elected zoning commissioner in the Town of Fairfield and long-time neighborhood and environmental advocate, I’d like to set the record straight on 8-30g, Connecticut’s affordable housing law which allows developers to override local zoning regulations.

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here’s where the wealthiest connecticut residents moved in the pandemic

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here’s where the wealthiest connecticut residents moved in the pandemic

In Connecticut, the wealthiest movers on average came from Fairfield County and moved to Palm Beach County, Fla. Palm Beach County is home to popular coastal cities like Palm Beach, West Palm Beach and Boca Raton. The data showed that 418 different families totaling 778 people filed their 2019 taxes in Fairfield County and their 2020 taxes in Palm Beach County. That means over $327 million in income moved from Connecticut down to Florida, making the average income per person just over $421,000.

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what’s up with the crazy housing market?

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what’s up with the crazy housing market?

It’s still a seller’s market, whether it feels that way or not.

In May, the median price of a home in the United States passed $400,000 for the first time, according to the National Association of Realtors. And bidding wars accounted for 55 percent of home sales in the four week period ending June 19, up from 53 a year earlier, according to Redfin.

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