Market Activity

July 11, 2017

Be Thankful You Don't Have to Pay Mom and Dad's CT Interest Rate

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate | MyKCM

CT interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4 …

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Posted in Market Activity
July 10, 2017

Your Opportunity to Achieve the American Dream in Ct Keeps Getting Better!

 

Your Opportunity to Achieve the American Dream Keeps Getting Better! | MyKCM

Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”

The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment …

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Posted in Market Activity
July 7, 2017

NAR Data Shows It's A Great Time to Sell in CT!

NAR Data Shows Now Is a Great Time to Sell! | MyKCM

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house …

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Posted in Market Activity
July 6, 2017

75% Of CT Homeowners Think Now Is A Good Time To Sell!

 

 

75% of Homeowners Think Now is a Good Time to Sell! | Keeping Current Matters

The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to …

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Posted in Market Activity
July 5, 2017

Existing CT Home Sales Surge Into Summer

 

 

Existing Home Sales Surge into Summer [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Existing CT Home Sales reached their third highest mark this year in May.
  • Inventory of CT homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
  • NAR’s Chief Economist, Lawrence Yun had this to say: “Those …
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Posted in Market Activity
June 29, 2017

The Cost of Renting vs Buying in CT

 

The Cost of Renting vs. Buying in the US [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • The choice between renting or buying a home in CT has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced CT home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
  • Before …
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Posted in Market Activity
June 27, 2017

The Supply & Demand Problem Plaguing New Construction in CT

 

The Supply & Demand Problem Plaguing New Construction | Keeping Current Matters

Many Real Estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale in CT. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price …

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Posted in Market Activity
June 21, 2017

Are CT Home Prices Approaching Bubble Territory?

 

Are Home Prices Approaching Bubble Territory? | Keeping Current Matters

As CT home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that:

“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”

Though that statement is correct …

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Posted in Market Activity
June 1, 2017

#1 Reason to List Your House for Sale in CT NOW!

 

#1 Reason to List Your House for Sale, NOW! | Keeping Current Matters

If you are debating listing your CT house for sale this year, here is the #1 reason not to wait!

CT Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory …

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Posted in Market Activity
May 31, 2017

CT Inventory Challenges Continue!

 

Inventory Challenges Continue! [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • After a surge in March, existing CT home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories.
  • Median existing CT home prices surged for the 62nd straight month, up 6.0% over …
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Posted in Market Activity