Buying a Home Is Still Affordable. The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and […]
Buying a Home Is Still Affordable Read More »
How Misunderstandings about Affordability Could Cost You. There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s
How Misunderstandings about Affordability Could Cost You Read More »
Some HighlightsAmericans See Major Home Equity Gains. Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment
Americans See Major Home Equity Gains Read More »
Don’t Be Fooled by Remarkable Real Estate Headlines. Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain
Don’t Be Fooled by Remarkable Real Estate Headlines Read More »
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
Patience Is the Key to Buying a Connecticut Home This Year Read More »
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
Is Connecticut Home Price Appreciation Accelerating Again? Read More »
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,
Americans Find the Nonfinancial Benefits of Connecticut Homeownership Most Valuable Read More »
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
The Power of Mortgage Pre-Approval before shopping for a Connecticut home Read More »
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
4 Big Incentives for Connecticut Homeowners to Sell Now Read More »