Residents are being advised to research solar companies before entering into contracts, Attorney General William Tong said.
The state’s top law enforcement official and Michelle Seagull, commissioner of the Department of Consumer Protection, are warning Connecticut homeowners who are interested in installing solar panels on their property to perform research and be cognizant of misleading marketing and high-pressure sales tactics.
A federally funded program designed to assist Connecticut homeowners negatively impacted by COVID-19 is now available, Gov. Ned Lamont said.
The governor announced MyHomeCT, a new state program, is funded with $123 million in American Rescue Plan Act dollars that were received by the state’s Department of Housing. The program is being administered by the Connecticut Housing Finance Authority.
Spot assessments can be used across Pennsylvania to reassess a property’s value, resulting in higher tax bills for homeowners. According to a new report, Allegheny County’s school districts have driven an increase in spot appeals, increasing assessed values by almost $462 million.
The result is that homeowners must pay more in taxes, incentivizing school districts to request a spot assessment.
Policy and politics often collide at the intersection of geography and demographics. The non-urban, non-college-educated white voter causing concern among Democrats these days, the suburban voter of 2018, and the heartland voter of 2016 are all profiles built on the common interests of certain people in certain types of places.
After 18 months of domestic migration prompted by a pandemic, another interest in addition to where people live has emerged in this equation: where people wish they lived.
Americans of all stripes, including young people, have long preferred suburban to urban living despite the prevailing (mis)conception in the media, but the twin crises of Covid and urban unrest in 2020 have clearly accentuated Americans’ desire to leave denser places. Not only have Americans continued apace in their usual migration from cities to suburbs, they also now aspire to live in towns and hinterlands more than one might expect.
When Jeff, a retired marketing consultant from Chicago, was closing on his home sale, he received a new set of instructions at the last minute on where to send several thousand dollars in closing expenses. At first blush, the email looked legit with an official-looking logo and professional language specifying the amount owed and itemized expenses. But one thing caught his eye: The email address looked strange. Just to be safe, he called his mortgage broker.
“Don’t do that!” his broker told him in an alarmed voice. It was a scam. If he hit “send,” his closing fees would go to a thief who had been monitoring his emails. “I was a keystroke away from losing thousands of dollars,” Jeff recalled.
As the housing market sizzles across the country – with nearly 6 million homes bought last year – scammers have been finding new ways to tap into this once-secure market. Real estate transactions still demand reams of paperwork and regulations involving lawyers, brokers, title insurance companies and banks, but the fact that much of this work now takes place online gives thieves countless opportunities to exploit vulnerable buyers. Last year, more than 11,000 homeowners were scammed out of more than $220 million in closing funds alone, according to the American Land and Title Association, a trade group that represents professionals who perform property transactions.
In recent years, an acute housing crisis has engulfed both America’s coastal metros and Rust Belt regions. California’s Bay Area, for example, confronts a crisis of affordability and limited supply that hastens a population exodus. Midwest cities like Detroit face low real-estate prices and low demand, intensifying urban decline.
Pennsylvania is a microcosm of such alarming housing trends, especially east of the Susquehanna River, which is seeing an influx of metro New Yorkers relocating to the area.
From the Keystone State’s middle-class suburbs to its post-industrial locales, the housing crisis is a major challenge. In the midstate, most notably in Harrisburg and Lancaster, housing has become significantly more expensive. In the northeast’s anthracite coal region, anchored by Scranton, rents are spiking. And in suburban Philadelphia’s Lansdale, a townhouse went for nearly $500,000.
A popular gripe about Californians moving into nearby states is they bring their politics with them. The newest complaint could be they’re bringing high home prices as well.
Property data provider CoreLogic released its monthly Home Price Index on Tuesday, reflecting May values. It showed home prices in every state increased from average listing prices in May 2020. In states with a disproportionate number of relocated California residents, home prices increased well above the national average of 15.4%.
Of the 165,355 California taxpayers that left in the tax year 2019, 29,050 taxpayers and their dependents moved to Arizona. CoreLogic’s report showed Arizona’s home prices grew 23.4% from May 2019 to May 2020.
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.
The July surge in sales reported Friday by the National Association of Realtors marked the second straight month of accelerating home purchases. The back-to-back increases have helped stabilize the home buying market, which all but froze early this spring when the viral pandemic erupted across the United States.