In this episode of Connecticut Real Estate Market Weekly Insights, Alex breaks down the latest housing data for Connecticut as of March 24, 2025. The state recorded 1,923 single-family and condo sales last month—a 14.4% increase year-over-year—driven largely by easing mortgage rates and increased buyer demand. Homes priced between $200,000 and $399,000 were the most active, while even lower-priced homes saw solid movement, albeit selling slightly below list price due to condition concerns.

Connecticut remains a strong seller's market, with only 1.84 months of inventory statewide. In popular price ranges, inventory drops as low as 1.1 months, meaning buyers need to act fast, and sellers can expect competitive offers—especially if homes are move-in ready.

Interest rates have declined slightly, providing some relief: 30-year fixed mortgages average 6.72%, while FHA and VA loans hover just above 6.1%.

Alex also addresses Connecticut’s deepening affordable housing crisis. A new report from the National Low-Income Housing Coalition shows that for every 100 extremely low-income households in the state, only 33 affordable units are available. This gap contributes to rising rent burdens and a 13% increase in homelessness over the past year.

The episode highlights a potential redevelopment of Hartford’s former trash-burning site, which may cost anywhere from $25 million to over $330 million depending on environmental remediation needs. Questions around asbestos removal and decontamination remain unresolved, and local leaders are urging responsible planning and use of funds.

In West Hartford, a revised multifamily housing proposal at 29 Highland Street reduces the unit count from 112 to 108 after town council feedback. Designed as an affordable housing development under Connecticut’s Section 8-30g, the project has raised safety concerns due to its prefabricated construction and open-air hallways. A public hearing has been continued to allow for further developer input.

On the national level, the podcast touches on:

A surge in mortgage applications due to falling rates.

Stabilization in home price appreciation, with homes spending longer on the market.

Increased inventory (highest since 2020) despite a drop in new listings.

Builder confidence hitting a seven-month low due to tariffs and material costs.

The Fed holding interest rates steady, helping maintain stable borrowing conditions.

Listeners are invited to call or visit Triniyah Real Estate for personalized market insights or home valuations, and encouraged to subscribe for weekly updates.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

A home inspection is one of the most crucial steps in a real estate transaction, yet it’s often misunderstood. In this episode of The Triniyah Podcast, we take a deep dive into what home inspections really are, what they cover, and what they don’t. We break down the most common inspection findings, from structural issues and roof concerns to outdated electrical systems, plumbing problems, and HVAC deficiencies.

We also tackle some of the biggest misconceptions about home inspections, such as the belief that a home can "pass or fail," that new homes don’t need an inspection, or that sellers are required to fix everything an inspector finds.

For buyers, we explain how to interpret an inspection report, what findings should be considered red flags, and how to approach negotiations based on the results. For sellers, we discuss how to prepare for an inspection, why a pre-listing inspection can be a smart move, and how to handle buyer requests for repairs. And for homeowners, we highlight the long-term benefits of periodic inspections to prevent costly surprises down the road.

If you're buying, selling, or simply maintaining a home, this episode will equip you with the knowledge you need to approach home inspections with confidence.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

Welcome to another episode of Connecticut Real Estate Market Weekly Insights! In this episode, we break down the latest real estate trends across Connecticut, giving you the key insights you need whether you're buying, selling, or just keeping an eye on the market.

🏡 Connecticut Housing Market Trends

• Low Inventory Continues: Connecticut’s housing inventory remains tight, with just 1.34 months of supply on the market. Some areas are even more competitive:
  • East Hartford: 0.52 months of supply (15 active homes, 29 sold in February)
  • Southington: 0.54 months of supply (13 active homes, 24 sold)
  • Newington: 0.56 months of supply (5 active homes, 9 sold)
• Fast Sales & Over-Asking Prices: High demand continues to push sales prices up.
  • Bristol (ZIP 06010) had 32 sales, up 39.1% from last year, with homes selling 2.5% over asking price.
  • East Hartford (ZIP 06118) saw homes selling 6% over asking in just 16 days.
• New Haven Market Breakdown:
  • Overall, New Haven has 1.9 months of supply.
  • Homes priced between $200K - $399K have 2.08 months of supply.
  • Homes between $400K - $599K have just 1.4 months of supply, making it a strong seller's market.

📉 The Impact of Price Drops

• In the last 90 days, homes that had a price reduction went under contract in a median of 19 days.
• In February, homes that dropped prices went pending even faster – in just 9 days.
• 5 new pending sales per week came from listings that had a price drop.

📊 Interest Rate Update

• 30-Year Fixed: 6.79%
• 15-Year Fixed: 6.2%
• 30-Year FHA: 6.17%
• 30-Year VA: 6.2%

🏘️ Local Real Estate News

• Affordable Housing Expansion: Connecticut added 1,800 new affordable housing units in 2023, with Hartford and New Haven leading in numbers. The Connecticut Housing Committee is reviewing 200 bills aimed at improving affordability.
• New Housing Development: A 63-home affordable housing project, Forest Hills, is planned near Waterbury, targeting buyers earning 80-120% of the area's median income.
• East Hartford Tackles Blight: The town is cracking down on property neglect by increasing fines from $100 to $1,000 per day to ensure better living conditions.

🏠 National Housing Market Trends

• Home Prices Surge Post-Pandemic: Home values have risen 45% since 2020, with many properties now worth over $1 million.
• Shifts in Buyer Preferences:
  • Luxury outdoor amenities (pizza ovens, outdoor kitchens) are in demand.
  • Pandemic-driven trends like “Zoom rooms” and “cloffices” are declining.
• More Homes for Sale Nationwide: February saw a 27.5% increase in active listings compared to last year, marking 16 straight months of inventory growth.
• Mortgage Rates & Policy Disagreements: The Biden administration is pushing for lower mortgage rates, but the Federal Reserve is holding steady due to inflation concerns.

🎙️ If you’re thinking of buying or selling a home, give us a call at (203) 200-0933 or visit Triniyah.com to get personalized market insights!

🗓️ Tune in next Monday for another update on Connecticut’s real estate market!

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In honor of Women’s History Month, this episode takes a deep dive into the powerful impact women have had on the real estate industry. We explore the historical barriers that once prevented women from owning property, including legal restrictions and financial discrimination, and how landmark legislation like the Equal Credit Opportunity Act of 1974 helped change the game. We discuss the rise of single women as homebuyers and how they now outpace single men in homeownership. You'll also hear about the women who paved the way for real estate investment and leadership, including pioneers like Dorothy Mae Richardson and Barbara Corcoran. We break down the challenges women still face today in terms of access to capital, wage disparities, and representation in real estate leadership roles. Finally, we look ahead at the future of women in real estate and how they are shaping the industry through innovation, investment, and financial empowerment.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this episode of The Triniyah Podcast, we take a deep dive into the potential impact of the Trump tariffs on the Connecticut housing market in 2025. We start by explaining what tariffs are and how they influence the economy, from rising material costs to inflation and mortgage rates. We then explore key tariffs affecting the real estate industry, including those on steel, aluminum, lumber, and imported home goods, and discuss how these rising costs could make buying and maintaining a home more expensive.

We also examine how homebuilders and sellers are adjusting to these economic changes, what the government might do to offset market shifts, and how homebuyers can best prepare for an uncertain housing landscape. Whether you're a first-time buyer, an investor, or planning to sell your home, this episode provides valuable insights on how to navigate the market in light of new trade policies. Don’t miss this important discussion on what could be a game-changer for Connecticut real estate.Trump tariffs, housing market, real estate, Connecticut homebuyers, mortgage rates, home prices, inflation, steel tariffs, lumber costs, buying a home, new construction, home affordability, Federal Reserve, economic policy, real estate trends, Triniyah Podcast, Connecticut real estate, home loans, selling a home, homebuyer tips

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this episode of Connecticut Real Estate Market Weekly Insights, we break down the latest trends in Connecticut’s real estate market. Home values are on the rise, with single-family properties increasing by an average of 7.8% year-over-year. However, inventory remains tight with just a 2.2-month supply, keeping the market highly competitive. While pending sales are slightly up, closed sales have dipped, possibly due to affordability challenges. We also discuss interest rates, which have decreased slightly from the previous week, and how they might impact homebuyers and sellers in the coming months.

Local Market Highlights:

• Home values increased by 7.8% from February 2024 to February 2025.
• Housing inventory saw a slight 1.5% increase, offering buyers more options.
• Pending home sales are up 0.5%, showing continued buyer activity.
• The median days on the market dropped 28.6%, with homes selling in just 10 days on average.
• 101.5% sale-to-list price ratio indicates that many homes are still selling above the asking price, though bidding wars are slightly cooling.
• Interest rates as of last week:
  • 30-year fixed mortgage: 6.74%
  • 15-year fixed mortgage: 6.22%
  • 30-year FHA loan: 6.12%
  • 30-year VA loan: 6.15%

Local Real Estate News:

• Affordable Housing Challenges in Northwest Connecticut: Many small towns struggle to meet the state’s 10% affordable housing mandate due to high property values and community opposition.
• Middletown’s Real Estate Boom: New luxury apartment complexes and mixed-use developments are reshaping the city’s downtown.
• Hartford’s Office Market Crisis: A 40% office vacancy rate and loan defaults are forcing landlords and city officials to rethink the use of commercial spaces.

National Housing Market Trends:

• Pending home sales fell 4.6% in January, with affordability still a major hurdle.
• Property tax reform is gaining traction in states like Georgia, Florida, and North Dakota to ease homeowners' burdens.
• Build-for-Rent (BFR) housing is growing, especially in the Northeast, as affordability issues push more families into single-family rentals.
• Economic Growth & Mortgage Rates: The U.S. economy saw a strong start to 2025, but inflation concerns may limit interest rate cuts, keeping mortgage rates elevated.

Final Thoughts:
Despite a competitive market, buyers are finding slightly more options, and interest rates have edged downward. If you're considering buying or selling a home in Connecticut, now is the time to strategize based on these evolving market conditions.

Contact Us:
If you’re planning to buy or sell a home in the next 6-12 months or want insights into how these trends affect your real estate goals, call (203) 200-0933 or visit Triniyah.com to get in touch.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

Hartford’s downtown office sector is in the middle of a seismic shift, with nearly 40 percent of office space sitting vacant or expected to become available. In this episode, we dive deep into the economic, financial, and policy challenges shaping the city’s commercial real estate market. We discuss the impact of remote work, declining corporate footprints, and rising foreclosures that have left property owners and lenders in a tough spot.

We also explore potential solutions, including the conversion of office buildings into mixed-use developments, financial incentives for redevelopment, and zoning reforms that could encourage adaptive reuse. We highlight how community engagement, workforce development, and support for small businesses can play a crucial role in Hartford’s recovery.

Join us as we break down the key factors influencing Hartford’s commercial real estate landscape and examine what’s needed to turn challenges into opportunities for growth.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

Should you buy an existing home or build a brand-new one? It’s a question that many homebuyers face, and the answer isn’t always straightforward. In this episode of The Triniyah Podcast, we take a deep dive into the pros and cons of each option. We cover financial factors like upfront costs, mortgage options, and potential hidden expenses. We discuss the differences in timeline and convenience, from the quick move-in process of buying to the extended timeline of building. Customization, maintenance, energy efficiency, and market conditions all play a role in this important decision, and we help you weigh each of these aspects carefully. Whether you’re looking for a move-in-ready home in an established neighborhood or dreaming of designing your perfect home from the ground up, this episode gives you the insights you need to make the best choice for your situation.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

In this week’s episode of Connecticut Real Estate Market Weekly Insights, we break down the latest real estate trends across the state and discuss their impact on buyers, sellers, and investors. From increasing home values to shifting market dynamics, we analyze the key takeaways from January 2024 to January 2025 and preview what’s ahead for February.

Key Topics Covered:

✅ Connecticut Housing Market Update

• Single-family home values rose 7.9% over the past year, benefiting homeowners but increasing costs for buyers.
• Inventory increased by 1.1%, providing slightly more options for buyers, but the market remains tight.
• Pending home sales were up 0.4%, while closed sales declined by 1.2%, suggesting affordability challenges.
• Homes are selling fast—the median days on the market is just 10 days, down 28.6%.
• Sellers still hold the advantage, with homes selling at 101.5% of the asking price, though bidding wars are slightly less intense.
• The current supply is only 2.2 months, keeping Connecticut in a seller’s market.

✅ Interest Rates Update

• 30-year fixed mortgage: 6.89%
• 15-year fixed mortgage: 6.37%
• 30-year FHA loan: 6.25%
• 30-year VA loan: 6.28%
• All rates decreased from the previous week, offering buyers some relief.

✅ Local Connecticut Real Estate News

• Waterbury joins Connecticut’s new Municipal Redevelopment Authority (MRDA) to spur urban renewal and housing development.
• Connecticut’s residential vacancy rate is only 0.56%, one of the lowest in the country, fueling price increases.
• Proposed changes to landlord-tenant laws—new bills could end no-fault evictions, limit security deposits, and change screening rules for tenants with criminal records.

✅ National Housing Market Trends

• The total value of U.S. homes increased $2.5 trillion in 2024, reaching $49.7 trillion—the slowest growth since 2019.
• Upstate New York leads in home value growth, while some Florida markets experience declines due to increased supply and insurance costs.
• Millennials now own over 20% of the U.S. housing market, with their collective home value rising 18.8% year-over-year.
• Homebuilding dropped 8.4% in January 2025, mostly due to winter weather disruptions and higher construction costs.
• Selling off the MLS could cost sellers thousands—on average, properties sold privately went for $4,975 less than MLS-listed homes.

✅ Builder Confidence & Market Forecasts

• Home builder confidence fell due to higher mortgage rates, trade tariffs, and affordability challenges.
• 26% of builders cut home prices in February, showing increased efforts to attract buyers.
• Despite more homes on the market, prices are still rising due to continued buyer competition.

Final Thoughts:

This week’s episode underscores that Connecticut remains a seller’s market, with home values continuing to rise despite a slight increase in inventory. Buyers must act quickly, while sellers can capitalize on strong demand. With proposed housing policy changes and shifting economic factors on the horizon, it’s essential to stay informed.

💡 Thinking of buying or selling in Connecticut? Call us at (203) 200-0933 or visit Triniyah.com for expert guidance on navigating today’s market.

📅 Tune in next Monday for another Connecticut Real Estate Market Weekly Insights update.

🎙 Don’t forget to subscribe, share, and leave a review!

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!

Tenant screening is more than just checking a credit score—it's about understanding an applicant’s full financial picture. In this episode, we take a deep dive into the key factors landlords should consider when evaluating a tenant’s finances. We discuss how to verify income, assess debt obligations, analyze bank statements, and spot fraudulent documents. You’ll learn how to interpret a tenant’s credit report, calculate their debt-to-income ratio, and determine whether a co-signer is necessary. We also cover how government assistance programs impact tenant qualifications and explore risk mitigation strategies like security deposits and lease conditions. Whether you're a seasoned investor or a new landlord, this episode will give you the tools and knowledge to make informed leasing decisions and secure financially responsible tenants.

If you’re interested in buying, selling, or renting real estate anywhere within the State of Connecticut, please visit our website to see how we can assist you!