Category: Fairfield County
-
Why It Makes Sense To Move Before Spring
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move. They believe it’s the best time to find a home. However, that isn’t always the case. You need to factor in the competition you could face with other buyers at that time of the year. If…
-
Want To Sell Your House? Price It Right!
Last year, the housing market slowed down in response to higher mortgage rates which impacted home prices. If you are thinking of selling your house soon, that means you will want to adjust your expectations accordingly. In a more moderate market, how you price your house will make a difference to not only your bottom…
-
Have Home Values Hit Bottom?
Whether you are already a homeowner or you are looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the…
-
Pre-Approval in 2023
What You Need To Know One of the first steps in your homebuyers journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. In a pre-approval, the lender tells you what types of loans you may be eligible to take…
-
What Past Recessions Tell Us About the Housing Market
It doesn’t matter if you are someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could…
-
Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result. Some decided to put a…
-
Is It Time To Sell Your Second Home?
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent…
-
What Are Your Goals in the Housing Market This Year?
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with a trusted real estate agent to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on…
-
Wondering How Much You Need to Save for a Down Payment?
If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t…