Minna Reid - Reid Real Estate Group - Blog
February 2, 2021

CT distress shadow inventory looms behind a raging sellers market…

foreclosures loom in ct

Connecticut sellers can celebrate another year of drastic price increases and a strong sellers market! Despite the massive economic losses caused by the governors coronavirus lockdowns, the Connecticut housing market continues to boom! But…for how long?2021 sets off with a new record median sales price of $287,000! Home sale prices jumped 15% year over year […]

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January 11, 2021

When do forbearances end and foreclosures resume?

when will foreclosures resume

When do the CARES Act protections end?The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was enacted in March 2020 and contains provisions to help borrowers with federally backed mortgage loans get through pandemic related financial challenges. But 9 months and many extensions later, the various federal agencies are taking a piecemeal approach to […]

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#forbearance #foreclosure

December 11, 2020

Connecticut sellers market continues, but prices soften toward year end…

ct home sale prices falling

It’s been a crazy year in the Connecticut real estate market! Endless buyer demand and rising prices have led to a phenomenal year for sellers! But while home sale prices reach a record high in September, the final quarter of 2020 shows some decline… Connecticut home sale prices peaked in September at $300,000 and have […]

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#CT Market Trends

October 20, 2020

Woodbridge, CT Market Report: While state sees record home sale prices, Woodbridge market flatlines.

woodbridge market flatlines graphic

While home owners in many towns state wide are enjoying explosive home value growth, Woodbridge, CT home owners can’t join the party quite yet! Woodbridge home sale prices haven’t changed significantly for most of the last 5 years and are currently at a year to date median of $413,000:Although there has been a slight uptick of […]

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#woodbridge #woodbridge ct market reports

September 3, 2020

Connecticut concrete cancer short sale success!

sold home concrete cancer

Are you stuck with a crumbling foundation? Thousands of homeowners in northeast CT are struggling with foundations that are falling apart, and no one to take responsibility for the issue.  While attempting to sell, these CT owners discovered they also had a problem with their foundation, which was found to be needing complete replacement, and the […]

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#Short Sale Success Stories

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