In Fairfield County, Connecticut, Coldwell Banker realtor Bob Travers provides comprehensive real estate services. Find relocation info here on Norwalk, Westport, Wilton, and Weston.


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In Fairfield County, Connecticut, Coldwell Banker realtor Bob Travers provides comprehensive real estate services. Find relocation info here on Norwalk, Westport, Wilton, and Weston.

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.

CURRENT ECONOMIC NEWS

 August- Despite some optimistic developments within the market, a disconcerting outlook is beginning to materialize.  Although the market has begun to show signs of improvement, some analysts expect increasing inventory and sputtering demand to trigger a "double dip" housing recession.
     Mortgage rates fell this week to the lowest level in over 50 years and prices have reached the lowest point since 2002.  The post-tax-credit drop-off in sales is beginning to concern federal officials. The labor market holds a key to a recovery in housing and with the unemployment rate over 9.5%, a great deal of potential buyers are either out of work or worried about losing their jobs. Until jobs and confidence return, there will not be enough demand to support a sustainable recovery. Foreclosures are weighing on home prices.  According to the Mortgage Bankers Assc, 10% of all mortgage loans were delinquent at the end of the 1st quarter. It could take two years for the market to work through all the excess inventory of distressed homes.
   Low interest rates and affordable homes are available and for some, this is the buying event of a lifetime. Unfortunately, while today's housing market has created some serious deals, not all buyers are in position to take advantage of them.

 
 

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.

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.

Send an Email to Bob Travers
 
203-853-3700- Office
203-563-6188x136 - Voice Mail
203-858-1683 - Cell
 

Coldwell Banker Equal Housing Opportunity

 
77 Old Ridgefield Road, Wilton, Ct 06897 
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