CT Buyer Tips
June 29, 2018
You DO NOT Need 20% Down to Buy A Home in CT NOW!
The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the CT Residents is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do …
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CT Buyer Tips
June 27, 2018
Ct Homes Are Much More Affordable Now!
With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are …
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CT Buyer Tips
May 21, 2018
CT Renters Under 50 Want to Buy a Home!
Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.
One of the many questions asked in the housing section of the survey was:
Assuming …
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CT Buyer Tips
May 18, 2018
CT Homeownership: "A Man is Not a Complete Man, Unless He Owns a House"
The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe CT homeownership today. The Census revealed that the percentage of homeowners has been steadily climbing back up since …
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CT Buyer Tips
May 17, 2018
3 Tips for Making Your Dream of Owning a CT Home a Reality
![3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2018/05/08163215/3-Tips-STM-1046x1354.jpg)
Some Highlights:
- Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it.
- Living within a budget right now will help you save money for down payments while also paying down other debts that …
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CT Buyer Tips
April 5, 2018
NOT Owning Your CT Home Can Cost You a Lot of Money!
Owning a home in CT has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
Realtor.com recently reported that:
“Buying remains the …
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CT Buyer Tips
April 4, 2018
The Cost of Renting vs Buying in CT Today
![The Cost of Renting vs. Buying Today [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2018/03/27151156/Rent-vs.-Buy-STM-1046x1354.jpg)
Some Highlights:
- Historically, the choice between renting or buying a home in CT has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious.
- Before you renew …
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CT Buyer Tips
April 2, 2018
Be Thankful You Don't Have to Pay Your Parent's Interest Rate!
Interest rates hovered around 4% for the majority of 2017 in CT, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even …
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CT Buyer Tips
March 28, 2018
Freddie Mac: Rising Mortgages Rates DO NOT Lead to Falling CT Home Prices
Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.
Many believe that an increase in mortgage rates will …
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CT Buyer Tips