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 …

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:

1. Showing what historic home ownership rates have looked like over the last 130 years.
2. Breaking down the current …

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.

Buyer Demand

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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 …

Some Highlights:

• The interest rate you secure for your mortgage greatly influences your monthly Connecticut housing costs.
• In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
• Interest rates are still …

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 …