There is no doubt that historically low mortgage interest rates were a major impetus to CT housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie …

The National Association of Realtors (NAR) keeps historical data on many aspects of CT homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly …

Highlights:

• Sales of existing CT homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
• January marked the 59th consecutive month of year-over-year price gains as the median CT home prices rose 7.1% to $228,900.
• NAR’s Chief Economist, Lawrence …

Today, many CT real estate conversations center on housing prices and where they may be headed. 

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five …

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the Connecticut housing market has continued to move deeper into buy territory.

The BH&J Index is a quarterly report that attempts to answer the question:

In today’s Connecticut housing market, is it better to rent or buy a …

Some Highlights:

• Historically, the choice between renting or buying a home in CT has been a close decision.
• Looking at the percentage of income needed to rent a median-priced Connecticut home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
• Before you …

The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing CT home sales are also forecasted to be on pace for 5.54 million in 2017, a 1 …

The housing crisis is finally in the rear-view mirror as the CT real estate market moves down the road to a complete recovery. CT home values are up. CT home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the …

Highlights:

• 45 million existing homes were sold in 2016! This is the highest mark set since 2006.
• Inventory of existing homes in CT for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
• The median price of homes sold in Connecticut in December …

It is common knowledge that a large number of Connecticut homes 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 other …