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…
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…
When buying a home, there are several stages to obtaining the bank financing necessary to close the transaction. Perhaps the most important step for a buyer to take, even before looking at houses, is to speak with a lender to get a pre-qualification or…
Hot Housing Market Likely To Continue: While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year. Lawrence Yun, chief economist of the National Association of REALTORS®, says “it will be one of the best…