A Holistic Perspective by Steve Schappert The term “workforce housing” has long been used to describe affordable housing for individuals earning between 60% and 120% of the area’s median income. However, this phrase is now being reconsidered due to its exclusive connotations. Some argue that it implies that those earning less than 60% of the […]
Addressing the Housing Needs of Essential Workers Read More »
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
Steve Schappert wants you to know about America’s Housing Inventory Read More »
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
Steve Schappert and You in Today’s Housing Market Read More »
Steve Schappert Focuses on Windows of Opportunity for Homebuyers in and Around Newington Connecticut. Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels
What Does an Economic Slowdown Mean for the Housing Market? What Does an Economic Slowdown Mean? According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do
What Does an Economic Slowdown Mean? for the Newington Connecticut Housing Market? Read More »
What Do Past Years Tell Us About Today’s Connecticut Real Estate Market? As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what
What Do Past Years Tell Us About Today’s Connecticut Real Estate Market? Read More »
Connecticut Sellers Are Ready To Enter the Housing Market“Consumer positivity regarding home-selling conditions nearly matched its all-time high.” (See graph below): Fannie Mae isn’t the only expert group noticing a rise in the percentage of people thinking about selling. George Ratiu, Senior Economist at realtor.com, shares: “The results of a realtor.com survey . . .
Connecticut Sellers Are Ready To Enter the Housing Market Read More »
