Many experts have been calling upon CT home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007.

The latest estimates from the US Census …

Some industry pundits are saying that the Connecticut housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

Here is how NAR defines the index:

“The …

Some Highlights:

• The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
• Anything under a 6-month supply is a Seller’s Market!
• There has not been a 6-months inventory …

Recent research by realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s Connecticut real estate market. Today, I want to concentrate on four of those red flags.

1. Price to Rent Ratio
2. Price to Income Ratio
3. Mortgage Transactions
4. House Flipping

All four …

As I mentioned yesterday, over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%.

So what does this mean for Connecticut homeowners and their equity position?

For example, let’s assume a young couple purchased and closed on …

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe Connecticut prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results …

The Connecticut housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.

Freddie Mac released their House Price Index. This quarter, the report …

CoreLogic looked at the correlation between stocks and the sales of upper-end properties in Connecticut ($1 Million+ sales price). The report revealed:

 “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of Connecticut homes that sold …

The National Association of Realtors’ most recent Existing Home Sales Report revealed that Connecticut home sales were up rather dramatically over last year in five of the six price ranges they measure.

Connecticut homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the …

According to the latest Census Bureau Report, sales of newly constructed homes in Connecticut soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years.

Trulia’s Chief Economist, Ralph McLaughlin had this to say:

“New home sales in …