That headline might be a little aggressive. However, as the data on the 2016 Connecticut housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The May numbers are not in yet, but the April …

CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, including Connecticut homes which now actually have significant equity (defined as more than 20%)!

Price Appreciation = Good News for Connecticut Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

“In just …

Almost every real estate conversation revolves around the continuous rise in Connecticut house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand.

DEMAND

Demand …

Some Highlights:

• According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
• April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.
• Only 3% of homes in the United States …

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, home-ownership is a better way to produce greater wealth, on average, than renting. The results from the first quarter index showed that “16 of the 23 metropolitan markets investigated moved in the direction of buy …

According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time home buyers last year, second only to married couples who made up 54% of total buyers.

Whether they are young, single and no longer want …

The Wall Street Journal decided to run a front page story titled, “Housing Recovery Picks Up Steam” (article available to WSJ subscribers).

The first paragraph of the article says it best:

“Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a …

We want to let you know that “rumors of a new market meltdown” in Connecticut are not based on any reputable data. As proof, we offer you the comments of the following experts who have a totally different view on the current Connecticut housing market.

Lawrence Yun, Chief Economist …

Some Highlights:

• Both New Home Sales and Existing Home Sales in Connecticut are up month-over-month and year-over-year.
• Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
• The median price of new homes is up 12% from March 2015, while the median …