Finance

What Is the Median Down Payment by State in 2024?

Posted on by Scott Slater III

This Old House asks:
What advice do you have for first-time homebuyers looking to save for a down payment?

Save as much as you can, and if you have the ability to, try to save for paying closing costs, too, Check to see if your state offers a first-time homebuyers savings account program. Some states offer special savings accounts to help first-time homebuyers which may provide a state tax benefit for money deposited up to a certain limit. You will be held to any requirements and restrictions under the program, so be sure to check on what those are first. You can also check with your local Housing Finance Authority to see if they have downpayment assistance or other programs to help you obtain a loan or purchase a home. Both usa.gov and hud.gov have information on homebuying and in particular, resources for first-time homebuyers, including links to resources available by state.

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Five Alumni to be Inducted into UConn School of Business Hall of Fame

Posted on by Claire Hall

UConn Today – Five UConn School of Business alumni, who have excelled in fields as diverse as college basketball, power-tool manufacturing, and complex financial services, will be inducted into the School of Business Hall of Fame this spring.

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Homeownership trends: New data shows areas of concerns in CT

Posted on by Scott Slater III

NBC Connecticut – Owning a home is the gateway to the middle class and the traditional path to building wealth and passing it along to one’s children.

NBC Connecticut Investigates wanted a better idea of home ownership trends and crunched some recently released census figures.

For starters, overall home ownership in Connecticut went down in the decade between the 2010 and the 2020 census -anywhere from down roughly 1% in Windham County, to homeownership dropping almost 5% in Fairfield County.

We asked Jeffrey Cohen, UConn Business School professor of real estate, for his take.

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Cuando comprar casa es misión imposible: el tenso mercado inmobiliario

Posted on by Scott Slater III

Telemundo Miami – WASHINGTON DC – Con la tasa hipotecaria a 30 años más alta de las últimas dos décadas, fruto de las subidas de tipos de interés, y con una acuciante falta de oferta, los estadounidenses tienen cada vez más complicado comprar una casa y el número de solicitudes de hipotecas, así como el de compraventas, está bajando y seguirá haciéndolo en los próximos meses.

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UConn to Offer Master’s Degree in ‘Financial and Enterprise Risk Management’ in Stamford Next Fall

Posted on by Claire Hall

UConn Today – In response to increasing challenges to businesses, and the demand for experts to mitigate numerous types of risk across their enterprises, the School of Business has renamed and significantly revised the curriculum for one of its master’s degree programs.

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U.S. News Ranks UConn Undergrad Business Program in the Top 50 Nationwide

Posted on by Claire Hall

Uconn Today – In a new report released on Monday, U.S. News & World Report ranked the undergraduate program at the UConn School of Business among the Top 50 in the nation.

The program is ranked No. 47, based on peer assessment by deans and senior faculty members at other highly-regarded colleges. UConn tied with UMass for the top public undergraduate business education in the New England.

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Ask the Experts – 2023’s Best & Worst Places to Rent in America

Posted on by Scott Slater III

Wallethub – We ask Kristin Haseney: What tips do you have for a person looking to get the best value in an apartment?

Go to the property and see it for yourself whenever possible. Pictures and videos are great, but an in-person visit or tour will let you get a feel for the amount of space and any amenities that come with it.

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