Bob Travers Knows Fairfield County Real Estate!
Buying or selling a home in Norwalk, Wilton, Westport, Stamford or Weston?
As a top-producing Connecticut real estate Broker since 1987, I have provided award-winning service to hundreds of satisfied home buyers and sellers in Fairfield County.
For information on real estate activity in your neighborhood, click on Market Updates. Here you will find a report detailing homes currently for sale, under contract, and recently sold in Norwalk, Connecticut. This exclusive report provides the most complete, up-to-date information available on the Internet today.
Also you will find current market statistics for Westport, Wilton, and Weston. These reports are updated frequently and can also be sent directly to your email address. Simply fill out the form.
All the chatter is about real estate … just listen to the financial gurus lately:
Pimco housing bear Kiesel says, "It's time to start buying."
"It wouldn't be an obvious mistake to buy a house now." — Robert Shiller
"If I had a way of buying a couple hundred thousand single-family homes and had a way of managing, I would load up on them." — Warren Buffett
New reports from several real estate research firms signify that home prices are finally stabilizing. The data reinforces that 2012 is finally the year the market will bottom out.
- The National Association of Realtors reports that home prices rose in 51% of metro areas.
- Housing inventory levels have been shrinking across the U.S., leading to bidding wars and upward pressure on prices in some areas. The spring market is responding to an improving balance between supply and demand, which is causing stabilization in house prices — this occurring without support of tax credits and in spite of declining shares of REO sales.
Housing corrections don't last forever, and after seven years, we are coming to a floor for the market. The jobs market has improved, giving consumers the courage to purchase a home. Mortgage rates are lower than the lowest rates recorded in decades.
Investors are driving much of the momentum in cities where prices declined the most. First-time buyers and trade-up buyers are actively picking up homes, some of which do not stay on the market for more than two weeks. I have been hearing many instances of multiple offers in certain price ranges.
I am even reading headlines touting home price appreciation! The continued performance of local markets will depend on the economy improving and how quickly lenders dispose of distressed homes. But it certainly looks like our recovery here in Fairfield County is underway.
Bookmark this page and return to it often to keep abreast of current economic news that may affect the real estate market in the Fairfield County, Connecticut area.
