Market Activity

Dec. 19, 2016

Why You Shouldn't Take Your House Off the Connecticut Market During The Holidays

 

Why You Shouldn’t Take Your House Off the Market During the Holidays | Keeping Current Matters

If you are one of the many CT homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!

The latest Existing Home Sales Report from The National Association of Realtors(NAR), revealed that …

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Posted in Market Activity
Dec. 16, 2016

Connecticut Home Prices: Where Will They Be in 5 Years?

 

Home Prices: Where Will They Be in 5 Years? | Keeping Current Matters

Today, many real estate conversations center on Connecticut housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where …

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Posted in Market Activity
Dec. 16, 2016

The Impact Your Interest Rate Has on Your CT Buying Power

 

The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Your monthly housing cost in Connecticut is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.
  • Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the …
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Posted in Market Activity
Dec. 8, 2016

Is Getting a CT Home Mortgage Still Too Difficult?

 

Is Getting a Home Mortgage Still Too Difficult? | Keeping Current Matters

There is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the CT mortgage market is still much tighter than it was prior to the housing boom and bust experienced between 2003 - 2006.

The Housing …

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Posted in Market Activity
Dec. 6, 2016

New Home Sales in CT Race to Keep Up With Demand

 

New Home Sales Race to Keep Up with Demand [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Many CT buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
  • The median home price decreased slightly from September’s high of $314 …
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Posted in Market Activity
Nov. 29, 2016

Existing Home Sales in CT Surge Forward Through Fall

 

Existing Home Sales Surge Forward Through Fall [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • First-time CT homebuyers made up 33% of all sales in October.
  • CT homes are selling quickly with 43% of homes on the market for less than a month.
  • A limited supply continues to drive up prices for the 56th consecutive month

Contact a Real Estate professional …

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Posted in Market Activity
Nov. 24, 2016

Winter is Coming... 5 Reasons to Sell Now!

 

Winter Is Coming… 5 Reasons to Sell Now! | Keeping Current Matters

People across Connecticut are beginning to think about what their life will look like next year. It happens every fall; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities. CT …

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Posted in Market Activity
Nov. 15, 2016

The Truth About Housing Affordability in CT

 

The Truth About Housing Affordability | Keeping Current Matters

From a purely economic perspective, this is one of the best times in American history to buy a home in CT. Black Night Financial Services discusses this in their most recent Monthly Mortgage Monitor.

Here are two of the report’s revelations:

  1. The average CT home value increased by $13 …
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Posted in Market Activity
Nov. 14, 2016

Why Waiting Until After the Holidays to Sell Isn't a Smart Decision

 

Why Waiting Until After the Holidays to Sell Isn’t a Smart Decision | Keeping Current Matters

Every year at this time, many Connecticut 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 six great …

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Posted in Market Activity
Nov. 11, 2016

NAR Reports Show Now Is a Great Time to Sell in CT!

 

NAR Reports Show Now Is a Great Time to Sell! | Keeping Current Matters

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

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Posted in Market Activity