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BRIDGET MORRISSEY REAL ESTATE brokered by eXp Realty

Your Community Realtor in CT and RI

BRIDGET MORRISSEY REAL ESTATE brokered by eXp Realty
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02-19-2021 Housing News

Posted

Bridget Morrissey Stonington Housing News

The Economy Retail rates jumped to 5.35% to start 2021, well ahead of the 1.2% projection. Yhe result was from millions of people receiving a $600 stimulus check. The cost of goods and services surged in January raising consumer goods prices. As wholesale prices increase so do interest rates. The January Fed Meeting Minutes say that the recovery is far from where its goal is so there is little likelihood that policy will change soon.

Housing News Housing starts fell more than anticipated in January due to soaring labor costs and labor shortages. However, permits were up 10% pointing to increases in the coming months. The NAHB says builder confidence has picked up after two months of decline despite labor and lumber shortages. Strong buyer demand has helped offset these issues. Strong demand means that buyers are facing increase competition and bidding wars. The result is higher prices. 40% of buyers say they have been outbid in the housing market recently.

 

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  • Search Homes for Sale
    • Neighborhoods
  • Welcome
    • Home Buyers
    • Homekeepr
    • EBook: EB or SubaseNLON
    • Home Sellers
    • FOR SALE BY OWNER
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    • Home Buyers Checklist
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    • Women of FIRE
    • Five Star Professional Real Estate Agent
    • What is My Home Worth?
    • Flood Zone Buyers
    • about
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    • Sell My Connecticut Home Before Foreclosure
    • Probate Real Estate Agent
    • Divorce Real Estate Agents
    • Marketing Plan
    • Home Sellers Guide
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    • Dream Home
    • Legal Services
    • Life Insurance
    • realestate/ct/Towns/Mill Rates
    • Mortgage Lending
    • Vacation Homes
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    • Mystic Stonington Westerly Restaurants
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Bridget Morrissey CT & RI Realtor, Five Star Professional Real Estate Agent

CT 0793767 RI 0034638

860-857-5165

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Only real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict Code of Ethics, which is based on honesty, professionalism and the protection of the public.

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BRIDGET MORRISSEY REAL ESTATE brokered by eXp Realty *REALTOR* PO Box 706 Old Mystic CT 06372 860-857-5165

CT Broker Office: eXp Realty, LLC 1266 East Main St, Suite 700 R, Stamford, CT 06902, RI Broker Office: eXp Realty LLC 275 W Natick Rd, Ste 203 Warwick, RI 02886

REALTOR® logo

Only real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict Code of Ethics, which is based on honesty, professionalism and the protection of the public.

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