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By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a CT homeowner’s net worth is 36 times greater than that of a renter ($194,500 v...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 3
  The Quinnipiac Chamber of Commerce's  will be hosting their 3nd golf tournament the 2017 Quinnipiac Chamber Golf Classic On August 22nd.  This is an excellent opportunity for golfers to not only get to play the game they love, but to network, make new business contacts, and help support area ch...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
Spring is traditionally the busiest season for real estate. CT Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. CT homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year. The study also revealed that:...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 4
  One of the great things about this time of the year in Connecticut are the Carnivals and Fairs that start up in August and continue through the Fall.  The first one of these Carnivals locally is the Our Lady Of Fatima Carnival On August 1 - 5 at 382 Hope Hill Road in Wallingford (Yalesville), ...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
According to Bankrate’s latest Financial Security Index Poll, CT residents who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked them to answer the following question: “What is the best way to invest money you would...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 10
  Next weekend will be the 2017 North Branford Potato & Corn Festival.  The North Branford Potato & Corn Festival always goes off on the 1st weekend in August, and it is always a great time for the whole family. The North Branford Potato & Corn Festival was very well attended last year and will ...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
Highlights: Existing CT Home Sales are now at an annual pace of 5.52 million. Inventory of existing CT homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in CT in June was $263,800. This is the 64th consecutive month of year-...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers in CT may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they ...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of CT Residents now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why th...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
Some Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent CT homebuyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped ...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
Every summer, families in CT decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, ...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
In today’s highly competitive CT real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home. The 3 tips I am going to expand on today come from a recent blog b...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 1
If you thought about selling your house in CT this year, now more than ever may be the time to do it! The inventory of CT 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 ...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
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 any of your R...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a CT home not only greatly impacts your monthly hou...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 1
  In today’s market, with CT home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here a...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 0
The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of CT housing inventory...

By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Comments 1
CT interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by ...

New Haven County, CT Real Estate Professionals