Bob Travers Knows Fairfield County Real Estate – Norwalk, Westport, Wilton, Weston, Rowayton
Buying or selling a home in Norwalk, Wilton, Westport, Weston or anywhere in the Fairfield County area?
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 the Greater Norwalk area. This exclusive report provides the most complete, up-to-date information available on the Internet today.
Also you will find current market statistics for Norwalk, Westport, Wilton, and Weston. These reports are updated frequently and can also be sent directly to your email address. Simply fill out the form.
The pace of US home price growth slowed at the end of 2013 but the year saw the fastest calender-year price growth in eight years.
On a year over year basis, home prices rose 13.4% in December, supported by low inventory of homes available for sale.
Price growth may continue to slow down if inventories rise as more sellers become willing and able to place their homes on the market.
U.S. mortgage rates however have risen to their highest levels in a year as reports showed the strengthening in the market, signaling to bond investors that the Federal Reserve may reduce efforts to push down borrowing costs. Rates rose in September to 4.49 percent, the highest level since mid 2011. Still, rates remain low by historical standards.
The housing market is tipping back in favor of sellers due to higher demand and low supply. A plunge in home listings to a 12-year low drove up prices. Many potential sellers are still holding off until values rise more.
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.