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The Helpful Home Owner Blog Should You Sell Your House or Rent It Out? When you’re ready to move, figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of selling it. Recent data from Zillow shows about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, […]
The Helpful Home Owner Blog In a Competitive Market, Here’s Why a Fixer-Upper Could Be the Smart Choice In Connecticut’s competitive housing market, particularly in Fairfield and New Haven Counties, purchasing a fixer-upper can be a strategic way to achieve homeownership. By investing in a property that requires some renovation, you can enter desirable neighborhoods at a more affordable price point and customize your home to your preferences. Understanding Fixer-Uppers A fixer-upper is […]
The Helpful Home Owner Blog What Is Going on with Mortgage Rates? You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead. Economic Factors That Impact Mortgage Rates When it comes to […]
The Helpful Home Owner Blog 3 Key Factors Affecting Home Affordability Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To […]
The Helpful Home Owner Blog Reasons To Sell Your House Before the New Year As the year winds down, you may have decided it’s time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year. […]
The Helpful Home Owner Blog How Homeowner Net Worth Grows with Time   Some Highlights If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity. On average, people who bought homes 32 years ago have seen their home’s value nearly triple over that time. If you’re wondering if buying a home is a good idea, remember rising home values could grow your net worth […]
The Helpful Home Owner Blog The Return of Normal Seasonality for Home Price Appreciation If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend. In the housing market, there are […]
The Helpful Home Owner Blog Are More Homes Coming onto the Market? An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early signs that more listings […]
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The Helpful Home Owner Blog The Best Time To Sell Your House Is When Others Aren’t Selling If you’re thinking about selling your Connecticut home or anywhere for that matter, you should know the number of homes for sale right now is low. That’s because, this Spring, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers […]
The Helpful Home Owner Blog 2 Reasons You Should Sell Your Connecticut Home Now Wondering if you should sell your Connecticut home this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below): Let’s break those reasons down and explore […]
The Helpful Home Owner Blog What Buyer Activity Tells Us About the Housing Market Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can […]
The Helpful Home Owner Blog Equity Gains for Connecticut Homeowners Connecticut homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Recent Years  Because of the […]
The Helpful Home Owner Blog What Are Closing Costs and How Much Can You Expect to Pay
The Helpful Home Owner Blog Do You Want To Sell Your House in Connecticut? Then You Need To Price It Right! Towards the end of last year, the Connecticut housing market slowed down, mainly in response to inflation and higher mortgage rates and in turn that had an direct impact on home prices. If you’re thinking of selling your house this year, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . […]
The Helpful Home Owner Blog Inflation, Mortgage Rates and What to Expect in the 2023 Housing Market
The Helpful Home Owner Blog 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 industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, […]
The Helpful Home Owner Blog What To Expect From the Housing Market in 2023 The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. […]
The Helpful Home Owner Blog Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for […]
The Helpful Home Owner Blog The Fundamental Difference Between Renting and Owning
The Helpful Home Owner Blog Key Factors Affecting Home Affordability Today Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here […]
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