CT Buyer Tips

Aug. 23, 2018

The Cost of Waiting: CT Interest Rates

 

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates in CT are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates in CT are still low right now – don’t wait until …
View More
Posted in CT Buyer Tips
Aug. 21, 2018

Ct Homebuyers Willing to Sacrifice 'Must Haves' in Favor of Good School Districts

 

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts | MyKCM

It should come as no surprise that buying a home in a good school district is important to homebuyers in CT. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.

What …

View More
Posted in CT Buyer Tips
Aug. 14, 2018

The Wave of Millennial Homebuyers in CT Continues to Swell

 

The Wave of Millennial Homebuyers Continues to Swell | MyKCM

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.

Comparatively speaking, millennials in CT have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations …

View More
Posted in CT Buyer Tips
Aug. 9, 2018

Home Buying Myths in CT Slayed

 

Home Buying Myths Slayed [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!

Contact a Real Estate professional from Dave Jones Realty who can assist …

View More
Posted in CT Buyer Tips
Aug. 8, 2018

Are Lending Standards Propping Up Home Prices in CT?

 

Are Lending Standards Propping Up Home Prices? | MyKCM

Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say:

“The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are …

View More
Posted in CT Buyer Tips
Aug. 7, 2018

Buying is Now 26.3% Cheaper Than Renting in CT

 

Buying Is Now 26.3% Cheaper Than Renting in the US | MyKCM

The results of the latest Rent vs. Buy Report from Trulia show that homeownership in CT remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States.

Below is a map of the 100 metros that were …

View More
Posted in CT Buyer Tips
July 26, 2018

What You Need to Know About the Mortgage Process in CT

 

What You Need to Know About the Mortgage Process [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Many CT buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you …
View More
Posted in CT Buyer Tips
July 23, 2018

4 REAL Reasons Why We Buy A Home in CT!

 

4 REAL Reasons Why We Buy A Home! | MyKCM

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.

No matter what shape or size your living space is, the concept and feeling of home can mean different things to …

View More
Posted in CT Buyer Tips
July 20, 2018

First Time Home Buyers in CT Continue to Put Down Less Than 6%!

 

First-Time Home Buyers Continue to Put Down Less Than 6%! | MyKCM

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.

Many potential homebuyers in CT believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even …

View More
Posted in CT Buyer Tips
July 5, 2018

5 Reasons Millennials Choose to Buy a CT Home

5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
  • The top reason millennials choose to buy is …
View More
Posted in CT Buyer Tips