market reports

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it has also caused some buyers to wonder if home prices will fall. It is important to know the housing market is not a bubble about to burst, and home price growth… Continue Reading Steve Schappert and Questions and Answers about Home Prices

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial… Continue Reading Buying a Newington Connecticut Home with Inflation Concerns on Your Mind

Mortgage Rates and Inflation The big questions on all buyers’ minds are ‘where will mortgage rates go in the months ahead?’ No one knows the future. What housing market “experts” guess for sure is that the record-low mortgage rates during the pandemic were not normal. This year, rates have climbed over 2% due to the Federal… Continue Reading Our Housing Market is at another turning point.

Some Highlights According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in… Continue Reading Why Growing Home Equity Is Great

Is the Housing Market Correcting? If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone… Continue Reading Is the Connecticut Housing Market Correcting?

• The Coastal Connecticut single-family luxury market is a Seller’s Market with a 44% Sales Ratio. • Homes sold for a median of 103.62% of list price in April 2022. • The most active price band is $1,400,000-$1,499,999, where the sales ratio is 123%. • The median luxury sales price for single-family homes is $1,700,000.… Continue Reading Coastal Connecticut Luxury Home Report May 2022

• The Central Connecticut single-family luxury market is a Seller’s Market with a 50% Sales Ratio. • Homes sold for a median of 104.76% of list price in April 2022. • The most active price band is $500,000-$549,999, where the sales ratio is 119%. • The median luxury sales price for single-family homes is $611,195.… Continue Reading Central Connecticut Luxury Home Report May 2022

This month we look at the luxury real estate market from a global perspective. We appreciate that the global luxury real estate market continues to adapt and change to meet new and increased demand and expectations from the affluent, despite earlier predictions for a quieter 2022.  There is a national report and one each for… Continue Reading LUXURY MARKET REPORT: May 2022

DAVID CHILDERS: Welcome to the May Monthly Market Report for 2022. I’m David Childers, and for the next 20 or so minutes, Kate Rezabek and I are going to walk through some of the biggest topics in real estate today. Anything from this crash question, is the market going to crash. Second, where price is… Continue Reading Monthly Market Reports: May 2022