In today’s Connecticut market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home 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.He
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12/30/2016
Some Highlights: November’s Existing Home Sales report revealed that CT sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” Total housing inventory (or the inventory of homes for sale) fe
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12/29/2016
You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in Connecticut in the near future?Many in the Connecticut housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federa
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12/28/2016
Student Loans = Higher Credit Scores According to a recent analysis by CoreLogic, CT millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans. This may come as a surprise, as there is so much talk about student loans burden
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12/27/2016
There are some renters who have not yet purchased a CT home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s. As an owner, your mortg
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12/26/2016
Every Connecticut homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. Howe
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12/23/2016
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 strateg
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12/22/2016
Over the next five years, Connecticut home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.So, what does this mean for homeowners and their equity position?As an example, let’s assum
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12/21/2016
The price of any item (including residential real estate in Connecticut) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.According to the National Association of Realtors (NAR), the supply of
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12/20/2016
If you are one of the many CT homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!The latest Existing Home Sales Report from The National Association of Realtors(NAR), revealed that the inventory of home
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12/19/2016
