The Connecticut housing market is really heating up and buyer demand is dramatically increasing as we enter the summer season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.
In today’s Connecticut housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in …
Some of the housing headlines are causing concern for some consumers who are in the process of either buying or selling a home in Connecticut. Pundits are concerned over the lack of new construction or the month-over-month sales numbers. Let’s set the record straight; 2015 was a good year …
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The Hispanic community was hit hardest by the housing crash. Now that the market is recovering, many of these families have the opportunity to either buy a home again, or those that lost home value during those years, are seeing equity return allowing them to sell and move to …
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According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2015”. This figure is down 37% from the 1 million homes in May of 2014. May marked the 31st consecutive month in which there …
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In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4 …
According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2015”. This figure is down 37% from the 1 million homes in May of 2014. May marked the 31st consecutive month in which …
Is spring closer than we think? Depending on which Groundhog you witnessed the other day, you may have less time than you think to get your home on the market before the busy spring season.
Many Connecticut Home sellers feel that the spring is the best time to place their …
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If you are debating listing your house for sale this year, here is the #1 reason not to wait!
The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:
“While feedback from REALTORS® …
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Yesterday the, National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales:
View More“…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 …