How to Make the Dream of Homeownership in Connecticut a Reality This Year

How to Make the Dream of Homeownership in Connecticut a Reality This Year. In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to […]

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Owning a Connecticut Home Is Still More Affordable Than Renting One

Owning a Connecticut Home Is Still More Affordable Than Renting One. If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices

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Do I Really Need a 20% Down Payment to Buy a Home in Connecticut?

Do I Really Need a 20% Down Payment to Buy a Home in Connecticut? Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you

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How Much Leverage Do Today’s Connecticut Home Sellers Have?

How Much Leverage Do Today’s Connecticut Home Sellers Have? The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same

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The Reason Mortgage Rates Are Projected to Increase and What It Means for You

The Reason Mortgage Rates Are Projected to Increase and What It Means for You. We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the

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Why Owning a Home Is a Powerful Financial Decision

Why Owning a Home Is a Powerful Financial Decision. In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a

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Now’s the Time to Move-Up and Upgrade Your Connecticut Home!

Now’s the Time to Move-Up and Upgrade Your Connecticut Home! Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade

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Opportunity in the Connecticut Luxury Market This Year

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come

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Buyers Are Finding More Space in the Connecticut Luxury Home Market

Buyers Are Finding More Space in the Connecticut Luxury Home Market. A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more

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How Remote Work Can Power Your Vacation Home Sale

How Remote Work Can Power Your Vacation Home Sale. This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of

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