May 2017 New Engalnd Mortgage Moments

          The share of mortgages for home purchases increased in April 2017 according to the latest report from mortgage origination partner Ellie Mae.

 

         The average FICO score for closed first position loans was 720 with LTV of 80% (20% down payment). Mortgage DTI was 25% of 39% total debt. Purchases made up 65%, with refis down to 35% from last year when purchases were 59% of new mortgages & refs were 40%. The average 30-year mortgage rate was 4.41% in April, up from 4.39% in March while Adjustable Rate Mortgages represented the highest level since November 2014. Loan choice remains the same from last year with Conventional loans being about 63% of new mortgages, FHAs about 23% and VAs about 10%,  

 

         As your fiduciary agent I will help you discern property inventory data, amenities and style to make the best decision about your property selection and value. Your loan officer will help you complete the application to deliver the terms the lender has agreed on. You may find different terms and costs from different lenders, particulars I and your loan officer can help you understand. Paying additional principal will shorten your loan and save money,  Borrowing to pay additional costs will cost you more in interest every year, so be sure you amortize your terms

 

       Since 1996 I have been the foundation of your success in real estate, showing you the way home, with integrity and dedication to excellence in real estate agency. Sincerely, David Carr, 

Connecticut Ranked #4 in 2017 USA Education, Economic, Civic Opportunity

CT Ranked #4 in  2017 USA Education, Economic, Civic Opportunity

05/11/2017 ·

Including Connecticut, ranked #4 nationally, the New England states grabbed five of the top 10 slots in the Opportunity Index, an analysis of “how opportunities measure up” in communities across the country.  The Opportunity Index is an annual composite measure at the state and county levels of economic, educational and civic factors that expand opportunity.


In the Education component of the Opportunity Index, Connecticut ranked second.  The state ranked sixth in the Community aspect of the index, but 20^th in the Economy scorecard.  The Economy rankings included data on jobs, wages, poverty, inequality, access to banking, affordable housing and internet access.
Connecticut’s overall score was 62.8, compared with the national average of 54.0.  Among Connecticut’s eight counties, the best overall opportunities are in Middlesex County, which earned a 63.1 score.  Next were Tolland County, 62.3; Fairfield County,62.1; Litchfield County, 60.6; Hartford County 59.5; New Haven County, 56.8; New London County, 54.3; and Windham County 51.2.

 The data, according to Opportunity Nation , comes from the U.S. Census Bureau, the Bureau of Labor and Statistics, the Federal Communications Commission, the National Center for Education Statistics, the Center for Disease Control and Prevention and the U.S. Department of Justice


Since 1996 CT Licensed REALTOR David Carr has represented buyers and sellers of real property in Southern Connecticut. David has the resources available to support your goals, backed with  hyper local market analysis 

Connecticut home sales and median prices statewide rose in March 2017

Connecticut home sales and median prices statewide rose in March, according to data from my Ct Assn of REALTORS, of which I am a member since 1996
.
There were 2,527 single-family units sold cross state last month compared to  2,404 sold in Mach 2016,

The median price ( not average)  was $237,000 in March 2017 , a 3.1 % increase  from $229,900 median price in March 2016.

Condo sales cross state increased 17.3 % in March 2017  to 697 condos  from 594 condos in March 2016.
The median (not average) sale price for sold condos went up  7.1 % to $151,000 compared to. $141,000 in March 2016.

You want to know what is happening in your market where you want to buy a specific style and price of property. I can help you understand your market with a Carr Bulls Eye Market Report.

Visit my website to contact me and learn how I can make you an expert in your market




Median is the central point of the set. In statistics, it is usually the number that occurs in the middle of a set of numbers. A description of the average can be in the median, some of the time, if it is considered as the most suitable way to describe the central tendency of a particular sample

Read more: Difference Between Average and Mean | Difference Between http://www.differencebetween.net/science/difference-between-average-and-mean/#ixzz4eybe8Jm1

CT 2017 Displays Economic Strength Locally & Globally

New CT Economic Review Shows How Well the State Compares Locally, Globally

By Kristi Sullivan, 860-571-6213 3/21/2017

The 2017 edition of the popular Connecticut Economic Review, produced by the Connecticut Economic Resource Center, Inc. and Eversource, is now available online and in print.
Used extensively for state business recruitment efforts both domestically and internationally, this 19th annual Connecticut Economic Review features facts about Connecticut’s economic landscape and comparisons to other states and countries in areas of talent, location, innovation, industries, resources and quality of life. Below are a few highlights of where Connecticut ranks:

• #1 in share of insurance employees across the U.S.
• #2 in most assets managed by state-headquartered hedge funds
• #3 in the U.S. for percentage of employees with advanced degrees
• #3 for national economic output per job
• #4 in the U.S. for private research & development investment per capita
• #4 in the nation for bioscience patents per capita
• #5 for quality of life in the U.S.

“Our research experts analyze key economic indicators to determine how Connecticut ranks against other regional, national and international locations,” said Robert Santy, CERC President and CEO. “It ultimately places Connecticut at the forefront for attracting investment and potential new business growth, which is consistent with the missions of CERC and the State of Connecticut.”
The report was produced with assistance from the Department of Economic and Community Development (DECD) and its marketing agency, Adams & Knight.
“For economic development professionals, the Connecticut Economic Review is invaluable for helping boost their efforts promoting Connecticut to the business community as a competitive location for their companies,” said Bart Kollen, DECD Deputy Commissioner and CERC’s Board Vice Chair.
The publication can be found online. To receive a hard copy of the publication, please contact 1-800-392-2122 or email info@cerc.com.

Connecticut near the top for 2017 Retirement Quality of Life

Bankrate's 2017 Best places for retirement places Connecticut near the top for culture, low crime, overall well being, senior services and health care. All the things we can't control are ranked higher than average here If you want a better quality of life and good schools look no farther. I have always loved the fact I can be on Killing ton, in the Catskills, Boston, Cape Cod, Nantucket, Long Island Beaches, the Jersey Shore or New York city all in less than three hours, not to mention local beaches, forests, and so many great recreational activities right in our state. Making Connecticut your home has more advantages than not, which is possibly why it costs more.. Employing David Carr as your Real Estate Agent put you at the top for experience and attention to detail. 

Crime 7 of 50

Culture 10 of 50

Well-Being 14 of 50

Senior Etc 17 of 50

Healthcare 21 of 50

Weather 30 of 50

National Rank 32 of 50

Cost of living 47 0f 50

Tax 49 of 50

The highest 2017 tax burdens were in Illinois, Nebraska, Wisconsin, New York, Rhode Island, Connecticut, Ohio, Michigan, Iowa and New Jersey.  In order to identify the states with the highest and lowest tax rates, WalletHub’s analysts compared the 50 states and the District of Columbia across four types of taxation, real estate tax, vehicle property tax, income tax and sales & excise tax.

http://www.bankrate.com/retirement/states-ranked-from-first-to-worst-on-retirement-2/

New way to connect and understand property

  

March 20, 2017  _NEW APP_. This week I am happy to provide

<http://www.homesnap.com/david-carr-1>      This app works great in your smart phone, tablet or desk top. It's confidential, secure and only between you and I. You can search any property a variety of ways and use geo maps to see whats right in the neighborhood you are in at the moment. Give it a try and let me know about your experience. I'm keeping it real, making it happen when the time is right for you.   

Metro New Haven Prices Stable March thru -Dec 2016

March 5, 2017 - The Carr New Haven Milford Metro Value Shelf©  was extended to five and a half years (66 months) as the FHFA HPI reported 178.97 ending Dec 30, 2016.  4Q2016 (Autumn)  is slightly above the 2Q2011 (Spring)  Value Shelf© Peak of 178.23, and one point under Summer (3Q2016)   While popular advertising says “It’s always the right time to buy real estate”,  the right time to buy is when there is a significant inventory supporting stabilized or appreciating values. The Carr New Haven Milford Metro Value Shelf© is defined as the range of 173-178, the 5 point range FHFA-HPI values have maintained for the past  66 months. ....Transaction volume increased over the same period, possibly signaling long view buyer confidence

FHFA-HPI"New Haven-Milford, CT" 35300 2016Q2 178.40 -1.41
FHFA-HPI"New Haven-Milford, CT" 35300 2016Q3 179.56 -1.37
FHFA-HPI"New Haven-Milford, CT" 35300 2016Q4 178.67 -1.43