Signaling a further cooling in the housing market, shares of U.S. home builders fell on Monday after a government report showed new home sales dropped to their lowest level in a year in January as the supply of properties swelled.
Evolving into what some are calling class warfare, Gov. M. Jodi Rell's proposal to phase out Connecticut's estate tax is becoming contentious. A legislative committee is scheduled to review the proposal in the next few weeks, but the committee's chairman already is criticizing Rell's proposal as an election-year move that ignores looming future deficits.
Local real estate professionals are questioning the accuracy of a new Web site that provides free estimates and information on more than 60 million property addresses across the country, with their exclusivity being threatened by yet another online service.