Steve Schappert With Questions and Answers about Home Prices. 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 […]
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Buying a Newington Connecticut Home with Inflation Concerns on Your Mind. 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
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Buying Your New Home in 2023. Home buyers earned their experience badges in 2021, scrambling for properties, battling with bidding wars, while watching prices shoot up across the country. Chasing your American dreams require strategy and stamina, but what can you expect the market to be like in the remaining months of 2022? “Competition in
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Mortgage Rates and Inflation Our Housing Market is at another turning point. 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,
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Some Highlights:According to the latest data from CoreLogic, the average homeowner gained an impressive $64,000 in home equity over the past 12 months. That kind of equity growth can be a complete game-changer when you decide to make your next move. When you sell, this built-up equity could cover a substantial portion—if not all—of your
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Is the Housing Market Correcting? Is the Connecticut 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
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• The Coastal Connecticut single-family luxury market is a Seller’s Market with a 44% Sales • 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
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• 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.
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LUXURY MARKET 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
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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
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