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Homeownership rates are down 2 percentage points from their 2006 peak, but could fall another 5 percentage points in the next couple of years, according to a study by the Federal Reserve Bank of New York. Source: The Wall Street Journal, Nick Timiraos (06/07/2010). Realtor Magazine Economists speaking at the recent annual meeting of the National Association of Real Estate Editors said the housing market likely will not recover until 2013. Stan Humphries, Zillow chief economist, said home prices continue to decrease, and he sees the “tremendous amount of shadow inventory” delaying recovery. “We think the market will be flat in nominal [...] If you need a new air conditioner, why not get an energy efficient model. Not only is it better for our Earth, you’ll pay less each month to run it. Look for a unit with a SEER (Seasonal Energy Efficiency Ratio) between 16-21. To see if you can save money on your outright purchase use [...] The Pending Home Sales Index is a forward-looking indicator that tracks contracts signed on homes. Buyers of these homes need to then get their mortgages before closing will take place. This gives you an idea of how the market will stand in two months from now. Its good news on a national level. In February this [...] |
Fairfield CT
4BR/2.5BA Single Family $599,000
 Click photo for Interactive FloorPlan |
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