Conn. Home Prices Far Outstrip First-Time Buyers’ Pay
In each of Connecticut’s three biggest metro areas, home prices have risen so far not only is renting far cheaper than buying the median home, that home is out of reach of the majority of buyers.
Fannie Mae: Young Homebuyers Most Pessimistic in a Decade
A record low 25 percent of respondents in Fannie Mae’s latest monthly Home Purchase Sentiment Index survey said it was a good time to buy a home.
Median-Priced Homes Not Affordable for Average Wage Earners in Most U.S. Housing Markets
Median home prices in the second quarter of 2019 were not affordable for average wage earners in 74 percent of U.S. counties.
Rising Mortgage Interest Rates Threaten Affordability
The years of historically affordable mortgage rates look to be ending as rates have steadily increased in recent months and show no signs of turning back, according to data released today by Zillow.
Worsening Affordability Costs Renters $2K Per Year
Younger generations want to buy homes, and some still hold traditional views on the value of homeownership.
Study: Four Connecticut Cities Among Worst Real Estate Markets
Four cities in Connecticut ranked among the top 10 worst real estate markets in the country, according to a recent WalletHub study that compared 300 cities across two key dimensions including general real-estate market metrics, as well as on affordability and economic environment.
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