After peaking at 7.,08% for a 30yr fixed rate in early November, rates have been trending downward. According to Freddie Mac, at the close of last week, the rate had dropped nearly 1 basis point to 6.13%. As a result, home purchase demand is…
The town of Fairfield presents a great opportunity for real estate investors with both multi family and single family housing. With two universities (Sacred Heart University and Fairfield U) there are many opportunities to tap into the student housing market. But before jumping in…
Looking for a unique historic dining experience? Connecticut has a host of wonderful restaurants located in truly unique reclaimed buildings. Rather than let these architectural gems go to waste, some creative restauranteurs have looked beyond the ordinary 4 walls and a roof to show…
Builders and home buyers paid the price as supplies dropped, but the outlook for new construction is improving. January - February 2021 by Daniel Bortz Key takeaways: COVID-19 dramatically disrupted the lumber supply chain affecting home building.Lumber prices have been highly volatile since the spring.An uptick in…
Necessary Improvements First Time Homeowners Shouldn't Forget: With the tight housing market most buyers have experienced in the past 6 months, many buyers have been purchasing homes that requires updates to structural and mechanical systems. Many new homebuyers focus their repair budget on aesthetics…