There has been a lot of talk about the falling home ownership rate in Connecticut. Today I want to shine some light on the issue by: Showing what historic home ownership rates have looked like over the last 130 years. Breaking down the current percentages in Connecticut. Historic Home ownership
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10/31/2016
Some Highlights: 36% of Connecticut residents think they need a 20% down payment to buy a home. 44% of CT Millennials who purchased a home this year have put down less than 10%. 71.8% of loan applications were approved last month. The average credit score of approved loans was 731 in September Co
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10/28/2016
Interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low. The interest rate you secure when buying a CT home not only greatly impacts your monthly housing costs, but also impacts your purchas
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10/26/2016
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a CT home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to
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10/25/2016
Some Highlights: Distressed property sales fell to its lowest number since 2008. As you can see, with less distressed properties, CT sales are up in all price ranges except the $0 - $100K price range. Interest rates are still at historic lows, signifying that now is the right time to buy! Contact
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10/24/2016
The results of countless studies have shown that potential Connecticut home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s CT market.Many CT Millennials have not yet considered purchasing a home, simply because they don’
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10/21/2016
So you’ve decided to sell your CT house. You’ve hired a real estate professional at Dave Jones Realty to help you with the entire process and we have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is
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10/20/2016
In today’s CT housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that CT home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.If prices are
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10/19/2016
Some Highlights: Historically, the choice between renting or buying a home in Connecticut has been a close decision. Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious. Before
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10/18/2016
If you are debating purchasing a CT home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the Connecticut real estate market.Ask yourself the foll
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10/17/2016
