Market Activity

Nov. 2, 2021

There Are More Homes Available Now than There Were This Spring In Connecticut

There Are More Homes Available Now than There Were This Spring In Connecticut

There Are More Homes Available Now than There Were This Spring | MyKCM

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes ...

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Posted in Market Activity
Oct. 25, 2021

Experts Agree: Homeownership Provides a Path to Long-Term Wealth In Connecticut

Experts Agree: Homeownership Provides a Path to Long-Term Wealth In Connecticut

Experts Agree: Homeownership Provides a Path to Long-Term Wealth | MyKCM

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include:

  • The flexibility to make the space your own ...
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Posted in Market Activity
Oct. 22, 2021

Don't Wait for a Lower Mortgage Rate - It Could Cost You

Don’t Wait for a Lower Mortgage Rate In Connecticut – It Could Cost You

Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCM

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the ...

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Posted in Market Activity
Sept. 14, 2021

Home Price Appreciation Is Skyrocketing in 2021. What About 2022 In Connecticut

Home Price Appreciation Is Skyrocketing in 2021. What About 2022 In Connecticut?

Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | MyKCM

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing ...

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Posted in Market Activity
Aug. 26, 2021

Make An Offer In Connecticut

Motivated Seller - Make Me an Offer!

 

Even in a strong seller’s market, a homebuyer might hear the words, “Make me an offer.” For a nicely appointed home that is well priced, this can be a surprise. Being invited to write an offer can often give the buyer pause ...

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Posted in Market Activity
Aug. 25, 2021

More Young People Are Buying Homes In

More Young People Are Buying Homes In Connecticut

More Young People Are Buying Homes | MyKCM

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief.

Odeta Kushi, Deputy Chief Economist for First Americanexplains why ...

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Posted in Market Activity
July 12, 2021

What Do Experts See on the Horizon for the Second Half of the Year In Connecticut

What Do Experts See on the Horizon for the Second Half of the Year In Connecticut

What Do Experts See on the Horizon for the Second Half of the Year? | MyKCM

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked ...

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Posted in Market Activity
May 27, 2021

Sellers Are Ready To Enter the Housing Market In Connecticut

Sellers Are Ready To Enter the Housing Market In Connecticut

Sellers Are Ready To Enter the Housing Market | MyKCM

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as ...

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Posted in Market Activity
May 21, 2021

Why Waiting To Buy a Home Coild Cost You a Small Fortune In Connecticut

Why Waiting to Buy a Home Could Cost You a Small Fortune In Connecticut

Why Waiting to Buy a Home Could Cost You a Small Fortune | MyKCM

Many people are sitting on the fence trying to decide if now’s the time to buy a home in Connectiuct. Some are renters who have a strong desire to become homeowners but are unsure if buying right ...

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Posted in Market Activity
May 20, 2021

Are Interest Rates Expected To Rise Over The Next Year In Connecticut

Are Interest Rates Expected to Rise Over the Next Year In Connecticut?

Are Interest Rates Expected to Rise Over the Next Year? | MyKCM

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it ...

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Posted in Market Activity