Why Today’s Housing Market Is Not About To Crash In Connecticut There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why. It’s Harder To Get a Loan Now It was much easier to get a home loan during the lead-up to the 2 ..read more

It May Be Time To Consider a Newly Built Home In Connecticut If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home.  According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three m ..read more

The Real Reason Home Prices Don't Seem to Be Crashing In Connecticut The real estate market today is quite different from what it was just a few months ago. Mortgage rates have risen dramatically which impacts the borrowing power of home buyers. The frantic pace of the past few years has also slowed with homes staying on the market longer than we saw during the last few years. With all these changes, many potential homebuyers are wondering when the prices will crash. In other words, when is the right time to buy. The housing market is affected by supply and demand. With a potentially smaller b ..read more

Showing Instructions and What They Mean In Connecticut Making the decision to sell a home is just one of the many decisions that are made during the home selling process. Many first-time sellers assume that all listings are the same and it's just a function of picking a starting price. The fact is that there are many aspects of listing, but one of the most important is what kind of access you'll provide to the buyers and their agents. It seems simple, right? Show the home and send an offer. But believe it or not there are many options for how you allow your home to be shown. Depending on you ..read more

The Impact of Inflation on Mortgage Rates In Connecticut  If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Fed's decision to raise the Federal Funds ..read more

The Best Time To Sell Your House Is When Others Aren’t Selling In Connecticut If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer tha ..read more

Homeowners Have Incredible Equity To Leverage Right Now In Connecticut Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time: “Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.” How Your Equity Can Help You Achieve Your Goals The eq ..read more

Market Signal to Watch For in Real Estate The housing market has been periods of ups and downs, buyer's markets and seller's markets, yet the frenetic pace and swings since the start of the pandemic has had everyone on edge. Now that interest rates have climbed back to more "normal" levels, those in the market are wondering, "what's next"? For anyone interested in buying or selling real estate, it can feel like a guessing game. Is it the right time to sell? Can I get the best price? Should I buy a home this spring? Will interest rates go up, or down? It can feel overwhelming. Yet, there are s ..read more

6 Tips for a Sustainable Home In Connecticut Creating a sustainable environment is on the top of everyone's mind these days. From Disney to Poland, policies that save energy and resources are important ways to reduce waste and help the planet. Your home can be part of this effort as well. With a few small changes, you can create a more sustainable home. 6 Tips for a Sustainable Home 1. Solar Panels - Using solar panels to generate electricity is a great way to save money on your energy bill and reduce your carbon footprint. 2. Switch to LED Lighting - LED bulbs use significantly less energy t ..read more

Reasons To Sell Your House Today [INFOGRAPHIC] Some Highlights Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. If you’re thinking about selling your house, let’s connect to discuss if now may be the time to move.   ..read more