What Affects Credit Scores? 7 Misconceptions
If you’re trying to raise your credit score to get a good rate for a refinance or home equity line of credit, you might be surprised by what affects — or doesn’t affect — your score. Read more on NAR’s ...
Third Quarter Sold Data Mixed
The Eastern Connecticut housing market continued its slow, mixed improvement during the third quarter of 2014. The number of single family sales increased 10.42% over the third quarter of the previous year. The median sale price was flat (-0.05%) and ...
I don’t understand, I thought this was a foreclosure!
If you follow the real estate market at all, you certainly know that the selling landscape has changed tremendously over the last 7 years. When you are ready to make an offer on a home that you like, you want ...
5 Mistakes First-Time Home Buyers Make
First-timers can be eager to jump into home ownership. But real estate experts say they see them committing the same mistakes, time and time again. Here are some of the most common ones, as identified by experts in a recent ...
Homeownership Bolsters Household Net Worth
Homeowners have a median net worth 36 times higher than renters, according o NAR Research. Read more…
What is an ECAR Affiliate Member?
Affiliate Members are individuals or firms who, while not engaged in the real estate profession have interests requiring information concerning real estate, and are in sympathy with the objectives of the Association. Currently, ECAR has Affiliate members in the following ...
Mortgage Rates Sink to New Low for 2014
Despite predictions that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble. Borrowing costs moved lower this week, as the 30-year fixed-rate mortgage dipped to a 4.10 percent average, Freddie Mac ...
How to Assess the Real Cost of a Fixer-Upper House
Make sure you have the time, skills, and desire to embark on home improvement projects before buying a fixer-upper house. Trying to decide whether to buy a fixer-upper house? Follow these seven steps, and you’ll know how much you can ...
FICO Scoring Changes May Help More Qualify for Mortgages
FICO, the nation’s most popular credit-scoring system, announced it is tweaking some of the criteria used in coming up with consumers’ scores, which could help consumers save more money in qualifying for mortgages and other types of loans. REALTOR Magazine ...
Eastern Connecticut 2nd quarter market statistics
Single family sales were essentially flat during the second quarter when compared to the 2nd quarter of 2013. While the number of sales was down a modest 1%, volume was up 1.8%. Although the median price declined 5%, the average ...