As the economy continues to improve, more and more Connecticut residents are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is
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05/31/2016
Some Highlights: Both New Home Sales and Existing Home Sales in Connecticut are up month-over-month and year-over-year. Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory. The median price of new homes is up 12% from March 2015, whi
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05/27/2016
Today, many real estate conversations center on Connecticut housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategi
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05/26/2016
People often ask me whether or not now is a good time to buy a home in Connecticut. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.The Census Bureau recently released their first quarter median rent nu
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05/26/2016
Recently, there has been a lot of talk about the size of the foreclosure inventory in Connecticut. There has been some speculation that distressed property inventories are about to skyrocket. Today, I want to reveal what is actually taking place in the segment of the Connecticut housing market.
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05/24/2016
Every four years people question what effect the Presidential election might have on the national housing market. Let’s take a look at what is currently taking place. The New York Times ran an article earlier this week where they explained: “A growing body of research shows that during president
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05/23/2016
Some Highlights: The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent in Connecticut. Buying costs are significantly less than renting costs. It makes more sense to buy a Connecticut home rather than renting one. The p
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05/22/2016
A study reveals that 33% of homeowners in Connecticut who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many Connecticut homeowners, as the majority of the country is currently experiencing a seller’
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05/21/2016
The National Association of Realtors’ most recent Existing Home Sales Report revealed that Connecticut home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price ra
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05/20/2016
