The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart …
Every winter, families all over Connecticut decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates in CT hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand …
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase.
In many areas of the country, the supply of CT homes for sale in the starter and trade-up home markets is so …
According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced CT home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”
For the report, ATTOM Data Solutions compared recently released fair market rent …
It is common knowledge that a great number of homes in CT sell during the spring-buying season. For that reason, many CT homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.
The …
CT residents continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:
“Owning a home remains a core element of the American Dream.”
When asked “How important a part of the American dream is owning a home?”
The CT housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. CT home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that …
CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of CT homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 …
The median amount of time a home spent on the CT market hit an all-time low of only three weeks in 2017.
Strong CT buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing …
What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened.
“A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s …