For the last several years, buyer demand in CT has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

With this being said, three of the four major reports …

Some Highlights:

• The Federal Housing Finance Agency (FHFA) recently released their latest quarterly Home Price Index report.
• In the report, home prices are compared both regionally and by state.
• Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing …

There are many benefits to homeownership in Connecticut, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped 

A recent article by Apartment List addressed rising rents by stating:

“Our …

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:

• There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros
• About 14% of all listings had …

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that Connecticut home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019.

As we can see, Freddie Mac …

Some are attempting to compare the current housing market in CT to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.

However, there is …

For many CT residents, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.

It may seem hard to imagine …

Some Highlights:

• According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
• Inventory of homes in CT for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply …

Will home values in CT continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined …

Some Highlights:

• Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
• The generations agree! Real estate is the best investment!
• Generation X leads the way with 37% believing in real estate as the …