The median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.
The reasons for this change are plentiful. The top two reasons are:
Distressed property sales in Connecticut accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008.
Below is a graph that shows just how far the CT market has come since January …
There has been a lot of talk about the falling home ownership rate in Connecticut.
Today I want to shine some light on the issue by:
Interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.
The interest rate you secure when buying a CT home not only greatly impacts your monthly housing costs, but …
![7 Graphs That Show the Real Estate Market is Back! [INFOGRAPHIC] | Keeping Current Matters](http://www.keepingcurrentmatters.com/wp-content/uploads/2016/10/20161021-KCM-1.jpg)
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) shed some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand) in CT.
The map below was created …
The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all CT house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:
This …
![Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] | Keeping Current Matters](http://www.keepingcurrentmatters.com/wp-content/uploads/2016/10/20161007-Mortgage-Rates-KCM.jpg)
It’s that time of year; the seasons are changing and with them come thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether or not now is the right time to buy don’t have to look much further …
![The Difference an Hour Makes This Fall [INFOGRAPHIC] | Keeping Current Matters](http://www.keepingcurrentmatters.com/wp-content/uploads/2016/10/20161104-ENG-KCM-1.jpg)