Buyers can compete in an intense seller’s market don’t overpay In a market characterized by sharp-elbowed buyers, paying too much for a house is a real threat. “When you see multiple people offering more than the asking price, that fear of missing out kicks in.” Smart buyer’s say, “As a buyer, you’ve got to be […]
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Land Development Congregate Housing Life Centers Tiny Homes Micro Apartments Zero Energy We Buy Land What the world needs now is housing that is affordable by design. There is a lot of talk about affordable housing in Connecticut. Government programs for assistance, deed restrictions the list of solutions
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Buyers May Face Less Competition as Bidding Wars Ease Here’s the news you’ve all been waiting for! Clear signs bidding wars are easing this year: According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined considerably over the past few months (see graph below): This graph shows homes were seeing
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Home Prices Home prices Appreciate when home prices increase. Home prices Depreciate when home prices decrease. Home prices Decelerate when home prices continue to appreciate, but at a more moderate pace. Now the Talk We’re seeing deceleration today, meaning home prices are fighting to appreciate. In 2021, data from CoreLogic tells us home prices appreciated 15%. Earlier this year, that appreciation was
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Recessions and the housing market Economic recessions — and the response to them by the Federal Reserve — can affect the housing market in a number of ways. During a traditional recession, the Fed will usually lower interest rates. This creates an incentive for people to spend money and stimulate the economy. It also typically
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If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are
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Real Estate Career Night at Connecticut Real Estate. Learn the steps to becoming a real estate agent including the expenses, education requirements, the joys, the stresses and how to develop a career with meaning. Values: Connecticut Real Estate Brokerage believes in doing the right thing. Mission: Inspire others to do well by doing good. Vision: Connecticut Real Estate
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America’s Housing Inventory. One reason why the market probably won’t crash soon is the current undersupply of inventory. Housing supply comes from three key places: Current are homeowners putting their homes up for sale. Newly built homes are coming onto the market. Distressed properties, short sales and foreclosures, are
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Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.” Today’s Housing Market. It’s true buyer demand has slowed over the past few months as higher mortgage rates made it more expensive to buy a home. The result is
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You need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams. 1. Understand How Mortgage Rates Impact Your Homebuying Power Mortgage rates have increased significantly this year, and over the past few weeks, they’ve been fluctuating quite a bit. It’s important to stay up
