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Is It Really a Bad Time to Buy a House? Connecticut Buyers Are Wondering

June 11, 2025 | Market Trends, Real Estate | Presented by ReadySetLoan


As 2025 rolls on, many Connecticut homebuyers are asking themselves: Is now the right time to buy? According to Fannie Mae’s latest Home Purchase Sentiment Index (HPSI), most Americans are leaning toward "no." But should Nutmeg State buyers feel the same?


The Current Mood: National Buyer Sentiment Dips


Fannie Mae’s May 2025 survey revealed that 86% of consumers believe it’s a bad time to buy a home — one of the most negative readings in recent years. High home prices and elevated mortgage rates continue to weigh on buyer optimism across the country.

Connecticut shoppers aren’t immune to these concerns. Between limited inventory, stubbornly high property prices, and fluctuating mortgage rates, many buyers feel squeezed.


"While national sentiment feels discouraging, Connecticut buyers still have opportunities," explains Neil Caron, Area Sales Manager at CMG Mortgage. "Many first-time buyers here are leveraging down payment assistance programs, like CHFA, to make homeownership possible even in this tough climate."

Why Are Buyers Hesitating?


  • Affordability Pressures: Home prices have grown faster than incomes, particularly in popular Connecticut markets like Fairfield County, West Hartford, and shoreline communities.

  • Mortgage Rates: Though rates have stabilized somewhat, they remain well above the historic lows seen in 2021-2022.

  • Economic Uncertainty: Concerns about inflation, job stability, and potential Fed decisions leave many would-be buyers cautious.


Connecticut Market: A Slightly Different Story


Despite national pessimism, some local market factors actually present opportunities for savvy Connecticut buyers:


🐷 RSL Piggy Points:


  • Price cuts are becoming more common in several CT towns as sellers adjust expectations.

  • More homes are staying on the market longer, giving buyers added negotiating power.

  • Programs like CHFA and HDF provide critical support to qualified first-time buyers.

  • Some sellers are offering closing cost credits or buying down mortgage rates to attract buyers.


"Connecticut isn’t a one-size-fits-all market," adds Neil Caron. "We’re seeing town-by-town variation, and many buyers are finding success when they work with the right guidance."


The Bottom Line for CT Buyers


If you're sitting on the sidelines waiting for the "perfect" time to buy, you may be waiting a while. Real estate markets are hyper-local, and in Connecticut, there are still windows of opportunity. Getting pre-approved, understanding your financing options, and having expert guidance can make all the difference.


RSL Perspective


At ReadySetLoan, we believe education is the best way to cut through the noise. The headlines might say it's a "bad time," but for many Connecticut homebuyers, the right strategy can turn this market into an opportunity. Let ReadySetLoan be your resource and advocate — helping you navigate Connecticut’s unique real estate landscape with confidence.


Let’s get you to the finish line → ReadySetLoan.com




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