As we head into summer, it is a great time to review how the 2017 CT real estate market is doing so far. Here is what the experts are saying:
“Positive demographic factors should continue to reshape the housing market, as rising employment …
With CT housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.
Last decade, demand for CT housing …
CT Home-ownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of home-ownership in today’s post.
The CT real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there …
Every year, Gallup surveys CT residents to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
For the fourth year in a row, Real Estate has come out on top as the best long-term …
There are some experts questioning whether the current pace of CT residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a …
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According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the CT housing market has continued to move deeper into buy territory.
The BH&J Index is a quarterly report that attempts to answer the question:
If you thought about selling your house in CT this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply …
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The media has extensively covered the rise in CT mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the CT mortgage market is that requirements to get a mortgage have eased while …
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A recent report released by Down Payment Resource shows that 65% of first-time CT homebuyers purchased their homes with a down payment of 6% or less in the month of January.
The trend continued through all CT buyers with a mortgage, as 62% made a down payment of less than 20 …