The Maximin Experience

10/29/2023

U.S. Mortgage Rates Continue to Surge in October
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Freddie Mac's Primary Mortgage Market Survey for October 5, 2023 shows that the 30-year fixed-rate mortgage has increased to an average of 7.49%, up from 7.31% the previous week. This is the highest mortgage rate in a generation, causing homebuyer demand to pull back. Sign up for the WPJ Weekly News...

10/28/2023

More CT home sellers are cutting prices as buyers face rising mortgage rates
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10/27/2023

Mortgage rates near 8%, an 'inventory crisis': Homebuyers face a 'tricky' market, expert says
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The housing market is facing a number of challenges, including an inventory crisis and the highest mortgage rates in decades, according to Tracy Kasper, the president of the National Association of Realtors. This has caused a slowdown in home sales and made it difficult for first-time homebuyers to....

10/26/2023

Connecticut's Shift to Apartment Construction

10/25/2023

Rising Housing Costs Strain Household Budgets Across the US

10/24/2023

Norwalk adds new single-family zone to draft zoning rewrite
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In October 2023, the Planning and Zoning Commission is reviewing a contentious zoning rewrite proposal, which has been amended to include a new single-family zone. It is uncertain what effects this change will have on the proposal.

10/24/2023

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

How much is your home worth? Type your property address and get a quick home estimate.

10/23/2023

The Ups and Downs of Connecticut Real Estate

10/22/2023

Mortgage Rates Plunge for Biggest One-Day Drop in 6 Months
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Mortgage rates saw a dramatic decrease on Friday, with the 30-year fixed-rate average dropping by almost three-tenths of a point to 7.81%. This was the largest single-day drop since March 10 and all loan types saw double-digit basis points declines. This decrease follows a historic 23-year high seen...

10/21/2023

CT rent tracker: Compare rental price trends across Connecticut
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Connecticut's housing market has been facing a crisis due to a lack of affordable housing and a rise in the homeless population. The pandemic has made the situation worse, with an influx of New Yorkers driving rental prices up and homes selling quickly for over asking price. Apartment List's data sh...

10/21/2023

High mortgage rates send new home sales tumbling
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In August, sales of new U.S. homes hit a 5-month low due to sky-high mortgage rates, which have been near a 23-year high. This has strained prospective homebuyers' ability to afford a dwelling, leading to a decrease in sales. Homebuilders have been offering incentives to try and offset the impact of...

10/20/2023

Is a USDA Home Loan Right For You?
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The USDA has programs to support people looking to plant long-term roots in more sparsely populated areas of the United States. They have a loan guarantee program and direct loans which allow people with healthy credit scores to potentially purchase homes without a down payment. The programs are ava...