Monday, June 18, 2018

A Quick Update on Our June Real Estate Market

The latest news from our real estate market is in, so let’s take a look at recent conditions.
Selling your home? Get a home value report here

It’s time to take a look at the latest news from our local real estate market. For the month of June, conditions have been very positive overall. This is especially true in lower-end markets. Homes in the $200,000 to $500,000 price point in northern Fairfield County are seeing between a 2% to 5% bump in value. Properties in higher price points are appreciating, but are doing so at a more sluggish pace. Overall, now may be a fantastic time to list depending on your price point. To hear my full message, watch this short video. 

Wednesday, April 18, 2018

Why Should You Hire a Real Estate Team?

Is working with a team better than working with a single agent? Let’s take a look at this question, today.
Selling your home? Get a home value report here

As a lot of you know, our team is one of the top selling teams in the entire state of Connecticut. This success comes down to our system and our service. Our system enables us to have enough back-end support to work with a high number of listings and buyers at any given time, and the service we generate for our clients is second to none. There’s always someone on our team there to answer the phones, answer your questions, host an open house, walk you through the do’s and don’ts of listing, and much more.

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     Single agents lack the bandwidth to handle the same volume of tasks as a team.


The bottom line is this: Single agents lack the bandwidth to handle the same volume of tasks as a team. Don’t get me wrong-the autonomy single agents have can be great, but they simply lack the capacity to serve a wide range of clients all at once. If you have any other questions, would like more information, or want to know more about working with my our team, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Monday, March 26, 2018

How Far Are Mortgage Rates Expected to Rise in the Near Future?

Experts predict mortgage rates to be around 5% by the end of this year, which sound high but is still historically low.
Selling your home? Get a home value report here

Where are mortgage rates heading in our real estate market? They’re going up. There are too many positive economic influencers in the stock market, the bond market, and the Federal Reserve rates to not push mortgage rates up. How far up, though? We don’t expect them to skyrocket. Industry professionals I’m speaking with expect them to be near 5% by the end of 2018. I know that sounds high, but, historically speaking, that’s still very low. As you may recall, back in the early 1980s, interest rates were around 18%.

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     I’m predicting that within two years, we’ll see rates around 5.5% to 6%.


I know we all got used to getting 3% to 3.5% rates during the recession as we stabilized into today’s market, but I predict that within two years, we’ll see rates around 5.5% to 6%. That’s near what they were before the economic downturn, so plan accordingly. We don’t know how this will impact the housing market just yet, but remember: a 1% increase means that the economy and the market in general are both healthier than they were before. If you have any more questions about mortgage rates or you’re thinking of buying or selling a home in our market, don’t hesitate to reach out to me. I’d love to help you.