As 2022 comes to a close, I’m getting questions about what the Connecticut housing market will look like in 2023. Will home prices continue to increase? Will sellers still get multiple offers? Will the market collapse? I’m going to give you seven predictions here in my Connecticut Housing Market Outlook for 2023. And I’ll tell you how to capitalize on these market conditions in …
Rising interest rates are causing some concern among homebuyers. Interest rates have been exceedingly low since the Great Recession of 2008. The housing collapse, followed by a slow recovery, and then the COVID pandemic, kept rates below 6% for nearly a decade and a half. But in 2022, we saw interest rates rise quickly. Rates went from around 3% in November 2021 to around …
Is Connecticut a good place to live? As a real estate agent, I get this question a lot from out-of-staters who are considering making their home in Connecticut. As with any other state, there are both pros and cons of living in Connecticut. But the pros of living here far outweigh the cons. I understand that Connecticut might not be the right fit for …
Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school. But one of the biggest perks of homeownership is the opportunity to build …
Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale. Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand. Given …
Appraisals are typically a behind-the-scenes process in real estate transactions. But they can create headaches and heartaches when they don’t go according to plan. There’s a lot of confusion around home appraisals, so I want to answer some of your questions and clear up some of the common misunderstandings about appraisals for our Connecticut buyers and sellers. Here is everything you need to know …
Home inspections can be a little nerve-racking. What happens if there are serious issues on the home inspection? Can you ask the seller to repair issues noted on the home inspection? And how much is the inspection going to cost? With nearly ten years of experience in the real estate industry, I’ve seen my fair share of home inspections. And I’m happy to answer …
As a real estate professional, I’m always happy to answer questions about the Connecticut real estate market. And one question I’m getting over and over in 2021 is when is the housing market going to crash? We’ve seen Connecticut real estate values explode over the past few years. This is great news for homeowners who are enjoying increasing equity. But it also has some …
When’s the best time to sell your house sounds like a simple question. In fact, you’ll find lots of simple answers online. Some people say spring and summer are always best. Others say a seller’s market is the best time to sell, regardless of the season. But I want to give you the real answer. The fact is, there is more than one factor …
Are you looking for ways to cope with empty nest syndrome? After decades of having kids in the house, it can be jarring when your children move out on their own. You might suddenly feel like you’re not as needed as you were just a few months ago. Or you abruptly find yourself with more time on your hands and no idea how to …