Market Activity

Dec. 29, 2017

Existing CT Home Sales Reach Highest Annual Pace in 11 Years!

Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Existing CT home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
  • The inventory of existing homes for sale in CT has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
  • NAR’s Chief …
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Posted in Market Activity
Dec. 28, 2017

Ct Housing Prices Are NOT Heading for Another Crash

As CT home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. The lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices …

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Posted in Market Activity
Dec. 21, 2017

Ct Home Prices Up 5.96%!

Home Prices Up 6.54% Across the Country! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • Based on the latest numbers, if you plan on relocating to CT, waiting to move may end up costing you more!
  • Contact a Real Estate professional from Dave Jones Realty who can …
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Posted in Market Activity
Dec. 19, 2017

What is the Cost of Waiting Until Next Year to Buy in CT?

What is the Cost of Waiting Until Next Year to Buy? | MyKCM

Over the course of the last 12 months, CT home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many CT buyers to enter the market.

As a seller, you will likely be most concerned about ‘short-term price’ …

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Posted in Market Activity
Nov. 29, 2017

Existing CT Home Sales Slowed by a Lack of Listings

Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The inventory of existing CT homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
  • Existing CT home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but …
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Posted in Market Activity
Nov. 28, 2017

Bubble Alert! Is it Getting Too Easy to Get a Mortgage in CT?

Bubble Alert! Is it Getting Too Easy to Get a Mortgage? | MyKCM

There is little doubt that it is easier to get a home mortgage today in CT than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact …

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Posted in Market Activity
Nov. 23, 2017

Top 4 CT Home Renovations for Maximum ROI

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Whether you are selling your CT home, just purchased your first home, or are a CT homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
  • While big projects like adding …
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Posted in Market Activity
Nov. 22, 2017

Your Friends Are Crazy Wrong if They're Telling You Not to Buy in CT

 

Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM

The current narrative is that CT home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a CT home right now (whether a first-time home or a move-up home) makes absolutely no …

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Posted in Market Activity
Nov. 21, 2017

Feeling Stuck in Place? You Aren't Alone! There's Hope in CT!

Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! | MyKCM

Whether you are a renter who is searching for your dream CT home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.

According to data from the National Association of Realtors’ Profile of Home Buyers …

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Posted in Market Activity
Nov. 17, 2017

7 Reasons to List Your CT Home This Holiday Season

 

 

7 Reasons to List Your Home This Holiday Season | MyKCM

Every year at this time, many CT homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven …

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Posted in Market Activity