Market Updates
Where are Mortgage Rates headed and buying in Fairfield CT
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast i...
What is Happening with Mortgage Rates and Home Buying in Fairfield CT
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ...
Expert Insights on the 2022 Housing Market for Fairfield CT
As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the expert...
Home Prices in Connecticut – Where are they now?
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to ...
Housing Supply Is Rising in Fairfield County Ct
An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First...
Why the choice is still to buy in Fairfield County this year
Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation w...
Why You Should Sell Now
The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates ho...
Housing Market Predictions for 2021 in Fairfield CT and Fairfield County
The real estate market in Fairfield, CT and all towns across Fairfield County experienced historic housing numbers from excessive low inventory, low interest rates on mortgages and high buyer demand for the suburbs. The housing market is leadin...