Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a Connecticut home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That …
If you are debating purchasing a home in Connecticut right now, you are surely 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 real estate.
Let’s …
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People often ask me whether or not now is a good time to buy a home in Connecticut. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.
The Census …
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The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds …
Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that:
"The housing market has bottomed. It's not …
Contact an agent at Dave Jones Realty …
The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Today, we want to concentrate on the investor real estate market.
The survey revealed that investment-home sales in 2015 jumped 7.0 percent …
Connecticut residents are still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that I want to address today.
Consumers overestimate the down payment funds needed to qualify for a home …
In the latest Rent vs. Buy Report from Trulia, they explained that home-ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average 36% Nationwide!
Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as 'shadow inventory', 'cure rate' and 'short sales' were introduced. Other words like 'underwater' and 'upside down' took on totally new meanings.
Today, we want to add …
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