Category: Fairfield County
-
The Impact of Changing Mortgage Rates
Some Highlights If you are looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power These charts show how rates generally affect your monthly payment The best way to navigate changing mortgage rates and make an informed buying decision is to rely on…
-
What You Need To Know About Home Price News
The National Association of Realtors will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices.…
-
Home Price Declines are Behind Us!
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very…
-
Sell Your House
The Best Time to Sell Your House is When Others Aren’t Selling 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,…
-
Why Today’s Housing Market Is Not About To Crash!!
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…
-
Buyer Activity Is Up!
Buyer activity is up despite higher mortgage rates If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed. Data from the latest ShowingTime Showing Index, which is…
-
Four Things to Haggle Over When Buying a Home
Home buyers can reduce their expenses by negotiating on more than just the price! Home buyers might have better luck saving thousands of dollars by focusing their haggling skills on items other than the home’s purchase price. The price of the home is a major detail, especially as mortgage rates move up. But given that…
-
The Housing Market Has Cooled, But It’s Not Frozen!
Let’s say you would like to move but you’re handcuffed to your house by a low mortgage rate. If you move now, you’ll have to pay a much higher interest rate on your next home loan. Sound familiar? It’s a situation that millions of Americans find themselves in. This chart shows the opening of a…
-
Leverage Your Equity When You Sell Your House
One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. “Home equity is the portion of your…