Housing picking up!

The spring market has brought a revitalized housing market which means prices are starting to rebound in the area. While Connecticut is lagging behind with the average increases across the country, it is indeed rebounding. Based on conversations with real estate professionals in the area, housing inventory is low which is the leading factor for price increases. What's this mean? If you are looking to sell your home, now may be the time to get it on the market with a real estate agent. While inventory is low, it increases your chance of selling your home for more money due to the relationship of supply and demand. Looking to buy? It may be a great time before the prices continue to increase and before the mortgage interest rates increase. Tomorrow, we'll visit how a 1% increase in rates can change how much a home buyer qualifies for.