Still, in the wake of the Federal Reserve’s jumbo-sized interest rate cut in September, many buyers are opting to remain on the sidelines in the hopes that further Fed cuts later this year will lead to more mortgage rate declines.
Read MoreThe Connecticut housing market is a hot topic these days, and it doesn’t take much to see why. With shifting trends, rising prices, and a competitive landscape, both buyers and sellers are paying close attention.
Read MoreWhen entering Connecticut’s housing market, whether you’re buying or selling, understanding real estate commissions is vital for your financial planning and negotiation strategy. In 2024, changes to how commissions are handled were rolled out across the country, aiming to increase transparency.
Read MoreHousing markets in the United States are up right now, but some experts say they’re about to lose a lot of value. This could be helpful to know if you’re planning a big move or trying to find a more affordable cost of living.
Read MoreThe sale will begin Friday at 9 a.m. with a sign up sheet available the night before. The sale will end on Friday at 3 p.m. before opening again on Saturday from 9 a.m. to 3 p.m. Only 25 people will be able to enter at one time and Redding police will be on hand to help facilitate operations, according to Boffey. Boffey added that parking is "tough" in the area and that customers must follow signs of where and where not to park.
Read MoreRenting in the Stamford-Norwalk metropolitan area requires the highest hourly wage in the state to afford a two-bedroom unit: $50.54, according to the 2024 Out of Reach Report from the coalition, a Washington, D.C.-based nonprofit organization that advocates for affordable housing for everyone.
Read MoreHome prices are rising faster in Connecticut than in any other state, according to the latest data from Redfin, as inventory remains tight.
Read More"Greater Hartford is performing well, but we're still undervalued compared to Fairfield County and some of the major markets," Lepore said. "People are understanding that they can come in from major markets and raise their family or just live in a nice environment, for a fraction of the price."
Read MoreTo understand the Lower Fairfield County real estate market in the first quarter of 2024 you have to first look at inventory. Or at least, the relative lack of it.
Read MoreWith tight inventory levels and still-high prices, the Connecticut housing market shares many similarities with the national market. Here’s a closer look at Connecticut’s current real estate trends and where the market might go for the rest of 2023.
Read MoreIt’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and frenzied bidding wars, mortgage rates increased to their highest level in more than 20 years.
Read MoreDespite a 10 percent drop in Connecticut home sales in the first three months of 2024, the real estate market showed plenty of pep in many locales as people upped their offers to beat out others eyeing the same properties.
Read MoreThe 2023 real estate market saw a dip in its buyer pool for the first time since 2020. Once completely oversaturated with demand, many chose to stay put while waiting for sky-high mortgage rates to come down.
Read MoreThe policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover the commission for the buyer's agent, as well as that of their own.
Read MoreThe current trends suggest that the Connecticut housing market leans towards being a Seller's Market. With a surge in home prices, high competition, and a limited inventory, sellers hold an advantageous position in negotiations.
Read MoreA housing or real estate bubble is a run-up in housing prices fueled by demand, speculation, and exuberant spending. It can lead to the point of collapse.
Read MoreThough mortgage rates are better now than they were in the fall, and experts are optimistic that rates will drop further in 2024, home affordability challenges aren’t going away anytime soon.
Read MoreThe home is located on a cul-de-sac near Greenfield Hill.
Read MoreConnecticut saw the fourth-highest rate of house price increases in the country since the third quarter of last year, a lasting impact from dwindling inventory that real estate agents say is unlikely to change in the near future.
Read MoreWith tight inventory levels and still-high prices, the Connecticut housing market shares many similarities with the national market. Here’s a closer look at Connecticut’s current real estate trends and where the market might go for the rest of 2023.
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