Some HighlightsThis Isn’t a Bubble. It’s Simply Lack of Supply. In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is […]
This Isn’t a Bubble. It’s Simply Lack of Supply. Read More »
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps
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Is Connecticut Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home
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Americans Find the Nonfinancial Benefits of Connecticut Homeownership Most Valuable. Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today,
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Some HighlightsThe Power of Mortgage Pre-Approval before shopping for a Connecticut home. Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your
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4 Big Incentives for Connecticut Homeowners to Sell Now. The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The
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Are Connecticut Interest Rates Expected to Rise Over the Next Year?. So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for
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Your Connecticut House Could Be the Oasis in an Inventory Desert. Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a
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The Power of Mortgage Pre-Approval [INFOGRAPHIC] Some HighlightsMortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure
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3 Graphs Showing Why You Should Sell Your House Now There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your
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