Market Activity

May 18, 2021

Experts Say Home Prices Will Continue To Appreciate In Connecticut

Experts Say Home Prices Will Continue to Appreciate In Connecticut

Experts Say Home Prices Will Continue to Appreciate | MyKCM

It’s clear that consumers are concerned about how quickly home values are rising in Connecticut. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When ...

View More
Posted in Market Activity
May 6, 2021

4 Tips to Maximize the Sale of Your House In Connecticut

How Much Time Do You Need To Save for a Down Payment In Connecticut?

How Much Time Do You Need To Save for a Down Payment? | MyKCM

One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long ...

View More
Posted in Market Activity
May 4, 2021

Will the Housing Market Maintain Its Momentum In Connecticut

Will the Housing Market Maintain Its Momentum In Connecticut?

Will the Housing Market Maintain Its Momentum? | MyKCM

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence ...

View More
Posted in Market Activity
April 30, 2021

Backup Offers In Connecticut

Understanding the Back-Up Offer

 

“When can I consider my home sold? This is one of the most common questions real estate agents are asked in Connecticut. While the laws vary in different states, generally the contract is binding once both parties sign the offer. At that time the closing ...

View More
Posted in Market Activity
April 22, 2021

Expired Listings In Connecticut

Your Listing Expired In Connecticut – Now What?

Listing agreements all have an expiration date. No one wants to think about what happens when the listing expires; both the seller and agent hope the home will sell long before that time. But it does happen. An expired listing means two things ...

View More
Posted in Market Activity
March 29, 2021

What Credit Score Do You Need For A Connecticut Mortgage

What Credit Score Do You Need For A Connecticut Mortgage

What Credit Score Do You Need for a Mortgage? | MyKCM

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough ...

View More
Posted in Market Activity
March 26, 2021

47% Of New Buyers Are Surprised By How Affordable Homes Are Today In Connecticut

47% Of New Buyers Are Surprised By How Affordable Homes Are Today In Connecticut

47% of New Buyers Surprised by How Affordable Homes Are Today | MyKCM

Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more ...

View More
Posted in Market Activity
March 23, 2021

Will Low Mortgage Rates Continue Through Connecticut?

Will Low Mortgage Rates Continue Through Connecticut?

Will Low Mortgage Rates Continue through 2021? | MyKCM

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting:

“The average 30-year fixed-rate mortgage hit ...

View More
Posted in Market Activity
March 22, 2021

5 Reasons To Sell Your House In Connecticut This Spring

5 Reasons to Sell Your House In Connecticut This Spring

5 Reasons to Sell Your House This Spring | MyKCM

When selling a house in Connecticut homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your ...

View More
Posted in Market Activity
March 17, 2021

How Much Leverage Does Connecticut House Sellers Have?

How Much Leverage Does Connecticut House Sellers Have?

How Much Leverage Do Today's House Sellers Have? | MyKCM

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR ...

View More
Posted in Market Activity