CT Buyer Tips

Dec. 14, 2018

4 Reasons to Sell Your House This Winter

 

4 Reasons to Sell Your House This Winter [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Perhaps the time has ...
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Dec. 10, 2018

What Does This Mean as a Buyer?

What If I Wait A Year to Buy a Home?

What If I Wait A Year to Buy a Home? | MyKCM

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.

As ...

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Posted in CT Buyer Tips
Nov. 21, 2018

Will Your Side Hustle Buy You a House This Year?

 

Will Your Side Hustle Buy You a House This Year? | MyKCM

The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.

Among millennials with incomes over $100,000 a year ...

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Posted in CT Buyer Tips
Nov. 13, 2018

Are Homeowners Renovating to Sell or to Stay?

 

Are Homeowners Renovating to Sell or to Stay? | MyKCM

Over the past few years, two trends have emerged in the housing market:

  1. Home renovations have shot up
  2. Inventory of homes available for sale on the market has dropped

A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing ...

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Nov. 9, 2018

VA Home Loans by the Numbers

 

VA Home Loans by the Numbers [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership.
  • In 2017, $189 billion was loaned to veterans and their families through the program ...
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Posted in CT Buyer Tips
Nov. 6, 2018

5 Tips When Buying a Newly Constructed Home

 

5 Tips When Buying a Newly Constructed Home | MyKCM

The lack of existing inventory in Connecticut for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.

To ensure a hassle-free process, here are 5 tips ...

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Oct. 23, 2018

Housing Is Still Affordable in the United States!

 

Housing Is Still Affordable in the United States! | MyKCM

Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”

If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re ...

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Posted in CT Buyer Tips
Oct. 9, 2018

What’s Going On With Home Prices in CT?

 

What’s Going On With Home Prices? | MyKCM

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.

CoreLogic’s Chief Economist Frank Nothaft gave some insight into ...

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Oct. 1, 2018

How Does the Supply of Homes for Sale Impact Buyer Demand?

 

How Does the Supply of Homes for Sale Impact Buyer Demand? | MyKCM

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS ...

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Sept. 28, 2018

Should I Buy Now? Or Wait Until Next Year?

Connecticut buyers: Should I Buy Now? Or Wait Until Next Year?

Should I Buy Now? Or Wait Until Next Year? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates ...
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