Fairfield County Real Estate Market Summary

Featured Listing

Featured Listing

For Sale: $1,325,000

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Fairfield County Summary-Cheryl Scott-Daniels

Fairfield County Real Estate Market - Monthly Market Summary by Town

 

Westport, Weston, Wilton, Fairfield, Easton, Norwalk, Trumbull, Stratford. If your town is not on this list, email us for market statistics specific to your town!

 



A Guide to Homeownership For Millenials

There are many stereotypes and myths about the Millennial Generation as a whole, AND
about what it takes to buy a home in today’s market.
These myths have prevented many Millennials from even considering homeownership as an
option for them and their families.
Read and download this eGuide to provide you with the information you will need to make the
best decision for you and your family in regards to homeownership. We will break down the
myths and stereotypes that have long been believed to be true, as well as shed light on the
opportunity you have to build wealth using your monthly housing cost.

How Much Do You Need to Make to Buy a Home in Your State

How Much Do You Need to Make to Buy a Home in Your State? | MyKCM

It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.

States in the Midwest came out on top as most affordable, requiring the smallest salaries in order to buy a median-priced home. States with large metropolitan areas saw a bump in the average salary needed to buy with California, Washington, D.C., and Hawaii edging out all others with the highest salaries required.

Below is a map with the full results of the study:

How Much Do You Need to Make to Buy a Home in Your State? | MyKCM

GoBankingRates gave this advice to anyone considering a home purchase,

“Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment. To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income.”

As we recently reported, research from Zillow shows that historically, Americans had spent 21% of their income on owning a median-priced home. The latest data from the fourth quarter of 2017 shows that the percentage of income needed today is only 15.7%!

Bottom Line

If you are considering buying a home, whether it’s your first time or your fifth time, let’s get together to evaluate your ability to do so in today’s market!

Contact Information

Photo of Cheryl Scott-Daniels  Real Estate
Cheryl Scott-Daniels
CSD Select Homes
991 Post Rd East
Westport CT 06880
203-341-0100
203-200-0065
Fax: 866-806-6909