Find Real Estate Agents and Homes for Sale


Real Estate News --> Connecticut News

How Immigrants Are Transforming the American Dream—and Real Estate Along With It


He specializes in real estate and immigration. About 40.7% of immigrants were ... director of legal services at the International Institute of Connecticut. The Bridgeport, CT–based group helps about 100 to 150 refugees predominantly from the Democratic ...


Archived Story

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote LoginSoftware UpdatesManage Products and Account Information Support Americas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000 Company Bloomberg LondonAboutCareersDiversity and InclusionPhilanthropy and EngagementSustainabilityTech Communications Press AnnouncementsPress Contacts Follow FacebookTwitterLinkedInInstagram Products Bloomberg TerminalExecution and Order ManagementData and ContentFinancial Data ManagementIntegration and DistributionBloomberg Tradebook Industry Products Bloomberg LawBloomberg TaxBloomberg GovernmentBloomberg EnvironmentBloomberg New Energy Finance Media Bloomberg MarketsBloomberg TechnologyBloomberg PursuitsBloomberg PoliticsBloomberg OpinionBloomberg BusinessweekBloomberg Live ConferencesBloomberg AppsBloomberg RadioBloomberg TelevisionNews Bureaus Media Services Bloomberg Media DistributionAdvertising Company Bloomberg LondonAboutCareersDiversity and InclusionPhilanthropy and EngagementSustainabilityTech Communications Press AnnouncementsPress Contacts Follow FacebookTwitterLinkedInInstagram Products Bloomberg TerminalExecution and Order ManagementData and ContentFinancial Data ManagementIntegration and DistributionBloomberg Tradebook Industry Products Bloomberg LawBloomberg TaxBloomberg GovernmentBloomberg EnvironmentBloomberg New Energy Finance Media Bloomberg MarketsBloomberg TechnologyBloomberg PursuitsBloomberg PoliticsBloomberg OpinionBloomberg BusinessweekBloomberg Live ConferencesBloomberg AppsBloomberg RadioBloomberg TelevisionNews Bureaus Media Services Bloomberg Media DistributionAdvertising Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote LoginSoftware UpdatesManage Contracts and Orders Support Americas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000 {"headline":"Trump’s Wealthy Team Spurs D.CReal Estate Agents to Think Big","url":"https://www.bloomberg.com/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big","twitterText":"Donald Trump's wealthy cabinet team inspires D.Creal estate agents to think big","twitterHandle":"luxury"} MENU About The Company Bloomberg London Homepage Markets Stocks Currencies Fixed Income ETFs Commodities Rates + Bonds Economics Magazine Benchmark Watchlist Economic Calendar Tech U.S Global Startups Bloomberg Technology TV Gadgets With Gurman Digital Defense Studio 1.0 Focus On: Infrastructure Pursuits Cars & Bikes Style & Grooming Spend Watches & Gadgets Food & Drinks Travel Real Estate Art & Design Brilliant Ideas Politics Global Risk Briefing All Signs Point to Big Democratic Wins in 2018 Trump Takes Credit for Killing Hundreds of Regulations That Were Already Dead How China’s Top Leaders Came Into Power How the Populist Right Is Redrawing the Map of Europe Opinion View Gadfly Businessweek Latest Issue Debrief Podcast Subscribe More Crypto Hyperdrive Climate Changed Focus On: Women Graphics Billionaires Personal Finance Inspire GO Sponsored Content Send Tips Sign In Sign In Subscribe {"excludeFromWall":false,"contentType":"article","publishedAt":"2016-12-19T10:01:02.000Z","theme":"pursuits"} {"id":"OI916L6K50Y501","contentType":"article","contentTags":[{"id":"9900017Z:US","type":"Company","directScore":0.44176524112829846,"derivedScore":0.44176524112829846},{"id":"GS:US","type":"Company","directScore":0.5747649378222627,"derivedScore":0.5747649378222627},{"id":"XOM:US","type":"Company","directScore":0.6097967849560206,"derivedScore":0.6097967849560206},{"id":"WWE:US","type":"Company","directScore":0.7537154989384288,"derivedScore":0.7537154989384288},{"id":"BID:US","type":"Company","directScore":1.5605095541401275,"derivedScore":1.5605095541401275},{"id":"massachusetts","type":"Location","directScore":0.5228996057021534,"derivedScore":0.5228996057021534},{"id":"new-york","type":"Location","directScore":0.5518653321201092,"derivedScore":0.5518653321201092},{"id":"connecticut","type":"Location","directScore":0.6419472247497725,"derivedScore":0.6419472247497725},{"id":"virginia","type":"Location","directScore":0.8870185016681832,"derivedScore":0.8870185016681832},{"id":"washington","type":"Location","directScore":6.038392805908728,"derivedScore":6.038392805908728},{"id":"1414869","type":"Person","directScore":1.1149529875644526,"derivedScore":1.1149529875644526},{"id":"1442508","type":"Person","directScore":1.5341219290263877,"derivedScore":1.5341219290263877},{"id":"2275263","type":"Person","directScore":2.242796481649985,"derivedScore":2.242796481649985},{"id":"2129991","type":"Person","directScore":8.222929936305732,"derivedScore":8.222929936305732},{"id":"alexandria","type":"City","directScore":1.0210797694874127,"derivedScore":1.0210797694874127},{"id":"elections","type":"Topic","directScore":0.3105853806490749,"derivedScore":0.3105853806490749},{"id":"private-equity","type":"Topic","directScore":0.5505004549590536,"derivedScore":0.5505004549590536},{"id":"fund-manager","type":"Topic","directScore":0.5682438580527752,"derivedScore":0.5682438580527752},{"id":"jobs","type":"Topic","directScore":0.7285410979678496,"derivedScore":0.7285410979678496},{"id":"small-business","type":"Topic","directScore":1.0847740370033363,"derivedScore":1.5485173197083408},{"id":"wealth","type":"Topic","directScore":1.1507430997876857,"derivedScore":1.1507430997876857},{"id":"billionaires","type":"Topic","directScore":1.605247194419169,"derivedScore":1.605247194419169},{"id":"home-prices","type":"Topic","directScore":4.914629597750617,"derivedScore":4.914629597750617},{"id":"real-estate","type":"Topic","directScore":4.951489478559542,"derivedScore":4.971196329307603},{"id":"personal-finance","type":"Topic","directScore":3,"derivedScore":3},{"id":"energy","type":"Classification","directScore":0,"derivedScore":0.6097967849560206},{"id":"consumer-discretionary","type":"Topic","directScore":0,"derivedScore":1.7425292834755983},{"id":"US","type":"Country","directScore":0,"derivedScore":2.0142557447607494},{"id":"markets","type":"Classification","directScore":0,"derivedScore":2.0142557447607494},{"id":"US","type":"Region","directScore":0,"derivedScore":2.0142557447607494},{"id":"finance","type":"Classification","directScore":0,"derivedScore":0.7445356696701166},{"id":"infrastructure","type":"Topic","directScore":0,"derivedScore":4.971196329307603}]} {"url":"2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big","adCode":"business/news/pursuits","targeting":{"suid":"OI916L6K50Y501","page":"articlejav","currentResource":"Story|OI916L6K50Y501","ni":["ACEXCLUDE","ALLFEA","ALLTOP","ALLWWCUR","AMFEAT","ANNOTATED","ASFEAT","BESTTOP","BGOVALL","BGOVHTOP","BIZNEWS","BNALL","BNCOPY","BNCOPY2","BNSTAFF","BNTEAMS","CNG","DC","EXCLUSIVE","GENTOP","GENTOPZ3","GOV","GOVTOP","GOVTOPZ2","GOVTOPZ3","HLNOVEL","HLNOVELTY9","LAX","MOSTREAD","MSCINAMER","MSCIWORLD","NORTHAM","NOVEL","NOVELTY7","NYX","ONWEB","ORIGINAL","POLNEWS","READ","READ100","READ1000","READ150","READ1500","READ25","READ250","READ50","READ500","READ700","REALAM","REL","RELTOP","RELTOPZ1","RELTOPZ2","SENT","SF","TOP","TOPBIZMKT","TRANEXE","US","USBNX","USGOV","USMA","WASHNEWS","WEBFEATURE","WWTOP","WWTOPAM","WWTOPAS","WWTOPBIZ","WWTOPFEAT","WWTOPZ4","AGRKEY","WORLD","WEBELIG","ATTACHMENT","BBPROFILE","BGOVBILLGO","BGOVCODES","TIMENI","BONDWIRES","BUSINESS","CMDGLOMAC","CMDKEY","TIMECO","COS","DEVECO","SRCRANK1","SPREGIONS","EQUITYKEY","POLIRISK","EXE","FIN","PHOTO","OILKEY","NRGKEY","MTGEKEY","G10MEMB","G7MEMB","MAJOR","GLOMACBB","MISC","METALKEY","INDUSTRIES","INTERNAL","GEN","BIOINSDM","ALLSTATES","COM","PADDIST","MARKETS","ALLFND","SBA","PADD1","GOVCHG","WNEWS","SME","USSE","VA","USMW","IN","PADD2","EMC","MSCIDVEUR","EMEAREGION","FRNEWS","REGIONFILT","EUROPE","FRA","WEU","FRGOV","FRFOR"],"tagr":[],"kwl":["biz_goldman_q2","biz_xojet","biz_testing123","biz_exxonmobil","biz_ishares","biz_pitney","biz_ubsbannedlist","biz_orlando","biz_Samsung","biz_wellsfargosept","biz_pnc","biz_googlelist","biz_googlelisttwo","biz_synchrony","biz_technologykeywords","biz_citi","biz_vices","biz_autocompetitors","biz_trowe","biz_zurichsmartmatch","biz_atrocity","biz_nomurakeywords","biz_etrade","biz_bp1","biz_bp2","biz_bp3","biz_bp4","biz_schwab","biz_fidelity","biz_ibm3","biz_dit_terrorism","biz_kornferry","biz_generic","biz_fti","biz_lexus1","biz_brandusa","biz_lexus2","biz_singlecountry","biz_BMW","biz_att1","biz_mobkoimandslist","biz_tdameritrade","biz_att2","biz_att3","biz_att6","biz_att7","biz_facebook1","biz_facebook2","biz_mulberry","biz_msft","biz_BMWRecall","biz_junctiondigital","biz_texas","biz_citibank2","biz_skymobkoi","biz_Fidelity_investopedia","biz_hsbcpb","biz_workdayusa","biz_masia2","biz_mobkoibelvedere","biz_jpmorgan","biz_ishares2","biz_ishares3","biz_grapeshottest"],"tickers":[]},"disableAds":false} Trump’s Wealthy Team Spurs D.CReal Estate Agents to Think Big By Oshrat Carmiel @OshratCarmiel More stories by Oshrat Carmiel and Prashant Gopal @mrgopal More stories by Prashant Gopal {"year":"numeric","month":"long","day":"numeric","hour":"numeric","minute":"numeric","timeZoneName":"short"} December 19, 2016, 5:01 AM EST Mansions readied for influx of new millionaire residents ‘We’re all clamoring for that business,’ broker says A $2.1 million home just outside of Washington has been sitting on the market since May. For its new real estate agent, therein lies an opportunity.In any other year, broker Allison Goodhart DuShuttle would have “rested” the listing during the holidays and brought it back, fresher, for the spring selling seasonBut President-elect Donald Trump is moving to town next month and bringing with him an administration of millionaires and billionaires who are going to need places to liveMany are looking right now.#lazy-img-308073791:before{padding-top:66.72727272727273%;}Six-bedroom colonial in AlexandriaSource: Source: McEnearney Associates Inc.“We decided to keep it on just in case,” DuShuttle, an agent with McEnearney Associates Inc., said of the six-bedroom colonial on 1.3 acres in Alexandria, Virginia“If you want to make sure you catch that administration change, you would not want to take it off and rest it at this time." {"contentId":"OI916L6K50Y501","position":"box","dimensions":{"mobile":[[300,250],[1,1]]},"type":"Mobile Body Box Ad","positionIncrement":1,"targeting":{"position":"box1","positionIncrement":1,"url":"/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"},"containerId":"box-pdsgpGK"} The wealthiest presidential administration in modern history has Washington’s high-end real estate brokers busy courting prospective clients and readying homes for a new audience of buyersAdvance teams for Trump cabinet nominees and senior officials are already fanning out across the region, doing the legwork for their bosses, surveying kitchens, bathrooms and possible security configurations for new residences.And in a city known for its political divides, partisan boundaries are cast aside.“Hey, I was a Hillary person,” said Tom Daley, associate broker at TTR Sotheby’s International Realty in Georgetown“But from a real estate perspective: Thank you very muchCome in folksLet’s get you a nice new house.”‘New Breed’Daley, who raised more than $100,000 for losing Democratic candidate Hillary Clinton, earning him the title of "Hillblazer," says he is working with a few people being vetted for jobs in the new administrationHe has friends on the transition team who have started directing people his way.“If Secretary Clinton had won, it would be less of a transition,” Daley said“A lot of her people were already hereWith the Trump administration, we’re getting a whole new breed of people coming in.” {"contentId":"OI916L6K50Y501","position":"in-article","dimensions":{"mobile":[[5,19],[300,250],[1,1]],"tablet":[[5,19],[728,90],[1,1]]},"type":"In Article Flex Native Ad","positionIncrement":1,"targeting":{"position":"in-article","positionIncrement":1,"url":"/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"},"containerId":"in-article-3PnZRD8"} Trump, the first billionaire U.Spresident, has appointed two billionaires and at least nine millionaires, with a combined net worth of about $5.6 billion, to run government departmentsSeveral are D.Coutsiders who likely will need luxury living spaces.Connecticut’s Linda McMahon, who’s slated to lead the Small Business Administration, shares a net worth of at least $1.35 billion with her husband, Vince, as the co-founders of World Wrestling Entertainment IncExxon Mobil CorpChief Executive Officer Rex Tillerson, a Texan who was picked for secretary of state, has a net worth of $365 million, according to a Bloomberg wealth analysisTreasury Secretary nominee Steven Mnuchin, a former Goldman Sachs Group Incpartner and hedge fund manager, has wealth estimated at $655 million.Ross PurchaseCommerce Secretary nominee Wilbur Ross, the New York private equity titan with a $2.9 billion net worth, has already settled on a place, the Washington Post reported Dec13He bought a 10,000-square-foot (930-square-meter) estate in Massachusetts Heights that was listed for $12 million, the newspaper saidIvanka Trump and her husband, real estate developer and Trump adviser Jared Kushner, also are looking in the area, according to the New York Post.“We would all love to have the distinct privilege of selling our listings to any of the folks coming in to town,” said David Howell, executive vice president of McEnearney Associates, which has eight offices in the region“We’re all clamoring for that business and dusting off our contacts.”Still, Howell cautions against too much excitementThe number of wealthy cabinet members is finiteAnd the 4,000 executive appointments that typically come with a new administration tend to happen gradually over the course of 18 months, he saidSome of the new arrivals take time renting before they commit to a purchase.“It’s not like come Jan20, a switch gets turned and 4,000 bodies arrive in Washington and they’re all ready to buy a house,” said Howell, who himself relocated to Washington in 1976 to work for Gerald Ford’s campaign.Sales JumpWhen they do come, the real estate market feels itIn the five months after a presidential election, home sales in the Washington metropolitan area typically increase about 12 percent from the same period the year before, according to an analysis by the National Association of Realtors, which measured the average from the past six electionsHome prices climb about 6.5 percent during those same five months.Those who are buying high-end houses are entering a tepid marketIn the third quarter, the average sale price of a Washington luxury home, defined as the priciest 5 percent of sales, fell 0.9 percent from a year earlier to $2.38 million, according to brokerage RedfinPrices in the rest of the market were up 5.1 percent to an average of $582,000.#lazy-img-308074206:before{padding-top:67.5%;}2509 Foxhall RoadSource: Washington Fine Properties, Chris EllenbogenTrump appointees who are sending teams now are the higher-level officials whose staff come to town for a day, look at homes and then narrow the list down to a final three or so for their boss to visit, said Nancy Itteilag, a broker with Washington Fine Properties, who has shown them her listings.One of the properties they looked at was an 11,242-square-foot home at 2509 Foxhall Road in the Northwest area that is listed for $15.5 millionThe seven-bedroom house, previously rented by the French ambassador, also is available for lease at $42,000 per month, she saidIt has an infinity pool and a wine cellar, according to the listing.Entertainment SpaceDuShuttle’s listing in Alexandria, which she took over from a previous broker last month, highlights the kind of amenities that a high-placed official who enjoys entertaining might want in a homeThe kitchen includes four ovens, and the circular driveway "provides ample parking for many guests,” according to the listing, which notes that previous occupants of the 5,400-square-foot house held several dinner parties there, some with “notable VIPs.”More than 100 varieties of birds, including bald eagles, have been spotted in the garden outside, and the grounds include what is possibly the town’s oldest magnolia tree, according to the listing.“We thought this might appeal to someone, especially someone coming in from the Pence side,” DuShuttle said of Vice President-elect Mike Pence, who is the governor of Indiana"They’re used to a little bit more land but don’t want a long commute.” Before it's here, it's on the Bloomberg Terminal. LEARN MORE Have a confidential news tip?Get in touch with our reporters. {"url":"https://www.bloomberg.com/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"} LIVE ON BLOOMBERG Watch Live TV Listen to Live Radio {"contentId":"OI916L6K50Y501","position":"box","dimensions":{"small_desktop":[[300,600],[300,250],[1,1]],"large_desktop":[[300,600],[300,250],[1,1]]},"positionIncrement":1,"targeting":{"position":"box1","positionIncrement":1,"url":"/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"},"containerId":"box-EywAPiJ"} Read This Next See the Incredible Adventure Photos From Red Bull’s Illume Contest How to See Fireballs From Outer Space and the Eclipse of a Lifetime Why Is No One Buying This $6.25 Million Castle in the Sky? This Is the Kind of $150 Million Treasure You Can See at the New Met {"contentId":"OI916L6K50Y501","position":"readthisnext","dimensions":{"small_desktop":[[5,18],[1,1]],"large_desktop":[[5,18],[1,1]]},"positionIncrement":1,"targeting":{"position":"readthisnext1","positionIncrement":1,"url":"/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"},"containerId":"readthisnext-pIeqHMb"} Most Read China’s Counterpunch to Trump’s Tariffs Sparks Global Selloff Sinclair Employees Say Their Contracts Make It Too Expensive to Quit Stocks Battered as Protectionism Sparks Volatility: Markets Wrap Stocks Surge, Bonds Retreat as Risk-On Resumes: Markets Wrap Facebook Data Scandal Has Left Zuckerberg Isolated in Tech {"contentId":"OI916L6K50Y501","position":"trendingnow","dimensions":{"small_desktop":[[5,18],[1,1]],"large_desktop":[[5,18],[1,1]]},"positionIncrement":1,"targeting":{"position":"trendingnow1","positionIncrement":1,"url":"/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"},"containerId":"trendingnow-MPV7095"} {"contentId":"OI916L6K50Y501","position":"native","dimensions":{"all":[[5,16],[5,5],[5,2],[1,1]],"mobile":[[300,250]]},"type":"Native Transporter Ad","positionIncrement":1,"targeting":{"position":"native1","positionIncrement":1,"url":"/news/articles/2016-12-19/trump-s-wealthy-team-spurs-d-c-real-estate-agents-to-think-big"},"containerId":"native-UsrvlVD"} Terms of Service Trademarks Privacy Policy

Trending Connecticut News:


  • Hamden, CT Homes For Sale & Real Estate
  • Groton, CT Real Estate: Newly Listed Homes for Sale
  • Houston oncology company closes $22 million fundraise
  • Real estate speaker: Technology won’t wait
  • Connecticut housing prices finish 2016 on the rise
  • Shame on Legislature, Rich Towns for Promoting Housing Segregation
  • West Hartford, CT Real Estate: Newly Listed Homes for Sale
  • What Do You Mean I Can't Close My Client's Real Estate Transaction?
  • Redfin expanding into Connecticut
  • GOP Tax Bill: Potential Trouble for Connecticut
  • EXIT Realty Pinnacle Joins Berkshire Hathaway HomeServices Real Estate Brokerage Network
  • Wilton, CT Real Estate: Foreclosures
  • Hackman, Calare Pocket $124M on 10-Property Industrial Sale
  • Greater Hartford Home Prices Rise Again in September
  • A bitter soothsayer hits the press
  • Authorities: Real estate developer's death ruled suicide in Fairfield
  • Middletown’s state Rep. Matt Lesser considering bid for Connecticut secretary of state in 2018
  • CT: Affordability Will Be Key to Housing Comeback
  • Danbury, CT Real Estate: Newly Listed Homes for Sale
  • Hartford, CT Homes For Sale & Real Estate