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 ...
As we enter the second half of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. We have seen a an unprecedented year of low inventory levels and high demand due to the conditions a...
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March ...
In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights ...
Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. All across Fairfield County there has been an increase in median and average home prices and the concern is will it going up too fas...
How is the Real Estate Market doing in your area?
Fairfield County is still continuing to feel the housing surge with historically low inventory and low mortgage rates creating high buyer demand. With the unprecedented pandemic, we are continu...
Housing inventory all over Fairfield County is at historic lows. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, resea...
Is the Real Estate Market currently seasonal?
If you have ever considered buying a new home, chances are you waited for the time of year when the sun was shining, roads were clear, and new homes were flooding the market. Spring time has alway...