Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house?Conlon responded:“I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this countr
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04/28/2017
Saving for a down payment is often the biggest hurdle for a first-time CT home-buyer. Median income, median rents, and home prices all vary in CT. So, I set out to find how long it would take you to save for a down payment in Connecticut.Using data from the United States Census Bureau and Zillow,
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04/27/2017
Some Highlights: CT interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. Contact a Real Estate professional from Dave Jones Realty who can assist with all of your R
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04/26/2017
Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes in CT is by owning your own home.According to the
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04/25/2017
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the CT housing market has continued to move deeper into buy territory.The BH&J Index is a quarterly report that attempts to answer the question:In today’s CT housing market, is it better to rent or buy a home?The index examines
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04/24/2017
The media has extensively covered the rise in CT mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the CT mortgage market is that requirements to get a mortgage have eased while rates have risen.The
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04/21/2017
If you thought about selling your house in CT this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is
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04/20/2017
A recent report released by Down Payment Resource shows that 65% of first-time CT homebuyers purchased their homes with a down payment of 6% or less in the month of January.The trend continued through all CT buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent
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04/19/2017
There are many benefits to CT homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Afford
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04/18/2017
Some Highlights: ‘CT Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time CT home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that C
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04/17/2017
