Why Have Rent Costs Increased?

Affordable rent prices once deterred some people from the long-term commitment of a home mortgage. Yet according to a recent report from the National Low-Income Housing Coalition, rents have increased exponentially over the past 10 to 15 years. One-bedroom properties that used to rent for $700 a month are now reaching $1,400 and higher! The…

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Should You Sell Your Home In 2019?

Every homeowner wants the best deal when selling their property. However, the housing market can often be as unpredictable as the stock market! There are many factors involved in determining the value of a home. Even if the overall consensus says it’s time to sell, there could still be a reason why you don’t get…

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3 Housing Market Predictions for Late 2019

Are you looking to buy a home before the year comes to a close? Consider the following real estate predictions before house hunting in the final months of 2019. Millennials Make Their Move The long-standing belief that millennials cannot afford to settle down is starting to shift. In the second half of 2019, millennials are…

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Housing Market Predictions for 2019

Will 2019 be the year you buy a home? According to housing market experts, that will depend on several factors. What’s anticipated for potential buyers and sellers in 2019? 1. Rising Mortgage Rates By the end of 2019, mortgage rates are expected to hit 5.5 – 5.8 percent. As a result, potential buyers who wanted…

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Why Are Millennials Renting vs. Buying Homes?

According to the U.S. Bureau of the Census, homeownership in Connecticut was 66.1 percent in 2017. Yet, only 14 percent of these homeowners were younger than 35. Unfortunately, millennials face more barriers to homeownership than older generations. Why do more young people choose to rent versus buy a home? Factors Affecting Homeownership According to Urban…

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