Connecticut Real Estate Market Weekly Insights (12-2-24)

Welcome back to another edition of Connecticut Real Estate
Market Weekly Insights! In this episode, we deliver a
comprehensive overview of the Connecticut housing market and how
it has shifted over the past year. Highlights include:


Market Statistics: Discover how single-family
home values increased by 9.4%, while pending sales and closed
transactions declined. We'll explain key metrics like "months of
supply" and "shows-to-contract" to give you a clearer picture of
market trends.


Interest Rates: Learn about the latest average
mortgage rates for 30-year and 15-year fixed loans, FHA loans,
and VA loans, and how their recent decreases may impact the
market.


Local Housing News:


Rising rents in Connecticut have prompted calls for tenant
protections, such as "Just Cause" eviction laws. We discuss the
potential impact of these measures on landlords and tenants
alike.

A state audit reveals oversight issues in a program aimed at
assisting homeowners with crumbling foundations, shedding light
on how these challenges are being addressed.



National Market Trends: Get insights into how
declining mortgage rates are spurring buyer activity nationwide
and how changes in rental market dynamics are creating
opportunities for renters.


Economic Outlook: Explore forecasts for GDP
growth, mortgage rates, and housing starts through 2026, with a
focus on how these projections affect Connecticut residents.


Whether you're a buyer, seller, investor, or renter, this episode
is packed with valuable information to help you navigate the
Connecticut real estate landscape. Be sure to subscribe for
weekly updates and check out our new YouTube channel, Triniyah
Connecticut Real Estate, for even more educational content!


If you’re interested in buying, selling, or renting real estate
anywhere within the State of Connecticut, please visit our
website to see how we can assist you!