Posted by Marilyn Katz on May 03, 2009 at 10:18 PM About Marilyn Katz Marilyn has been a Westport resident for more than three decades. She enjoys helping others move to "her" town. Whether you are moving up, moving down, moving in, or, if you must, moving out, she will work with you to make all the right moves in your real estate transactions. Marilyn is a REALTOR®, in the Westport office of Prudential Connecticut Realty. She is an Accredited Buyer Representative (ABR), a Certified Internet Specialist (e-PRO) and a Certified Prudential Relocation Specialist. She currently is the Treasurer of the Mid-Fairfield County Association of REALTORS®. As of 11/22/09 the Marilyn Katz RePage is ranked at 7,972 with 35 points. The monthly top RePage owner will receive a cash prize. Help this agent by bookmarking this site and posting it to blogs and other Web pages and encourage others to visit.

How do you know if your housing market has reached the bottom? November 20, 2008 All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom. Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent. Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift. Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month? Consumer confidence will be a big part in the housing market turning around. Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions. One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again! I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark. Talk to a trusted real estate agent – we can help! As of 11/22/09 the Marilyn Katz RePage is ranked at 207 with 1,540 points. The monthly top RePage owner will receive a cash prize. Help this agent by bookmarking this site and posting it to blogs and other Web pages and encourage others to visit.

Local Information for Westport, CT

Other Area Cities:   Fairfield  New Canaan  Norwalk  Weston  Darien  Westport  Southport  Wilton 

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Weston is a town in Fairfield County, Connecticut, United States. The population was 10,037 at the 2000 census. The town is serviced by Route 57 and Route 53, both of which run through the town center. Like many towns in Southwestern Connecticut, Weston is among the most affluent communities in the United States. As of 2005, data collected by the Connecticut Economic Resource Center (CERC) shows that Weston has the highest median household income in Fairfield County, thereby making it among the wealthiest communities in the world. -- Source: Wikipedia.com