Posts Tagged ‘Fairfield Connecticut’
Homeowners have gained in Home Equity over the last 3 years in Fairfield County CT
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your h...
A Market Correction in Fairfield County?
What is a market correction and are we experiencing it in Fairfield County? With boots on the ground and the latest stats, here is the state of affairs with the real estate market locally. It has been a wild ride these last few years in real...
Inflation and Mortgage Rates impact in Fairfield County
If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in...
An Opportunity for Homebuyers in Fairfield Connecticut
There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and...
First time homebuyer options in Fairfield CT and all of Fairfield County
If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean...
Buying in Fairfield CT: Why Rising Mortgage Rates Push Buyers off the Fence
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how t...
How to Survive Inflation – Homeownership | Fairfield CT and all of Fairfield County CT
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a p...
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 ...