Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate in CT is "an escalator to wealth.”

Bach went on to explain:

"If millennials don't buy a home, their chances …

CT mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused …

Some Highlights:

• The “Cost of Waiting to Buy” in CT is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
• Freddie Mac predicts that interest rates will increase to 4.8% by this …

Over the next five years, CT home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for CT homeowners and their equity position?

As an example, let’s assume …

According to a recent survey conducted by ClosingCorp, over half of all CT homebuyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat CT homebuyers, the results revealed that 17% of them were surprised that closing costs were required at all, while …

The National Association of Realtors recently released a study titled 'Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate …

According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.

The survey also revealed 3 key takeaways:

1. Those most …

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples in CT once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly …

If you are debating purchasing a home in Connecticut right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the Connecticut real …

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Connecticut residents  prefer owning their own home instead of renting are:

1. They want the opportunity to build equity.
2. They want a stable and safe environment.

Building Equity

In a recent article by The Mortgage …