Expert: House buyers and sellers shouldn’t panic over current real estate trends
Brian Fitzgerald, a real estate agent in Trumbull, says rising inflation and a rise in interest rates are causing homeowners and potential home buyers to worry.
More Stories
A real estate expert from Connecticut says those who are looking to sell or buy a new home should not to be afraid of current trends in the real estate market, despite what they may be hearing.
Brian Fitzgerald, a Coldwell Banker Realty real estate agent in Trumbull, says it's "the perfect storm" coming out of the COVID-19 pandemic along with rising inflation and rise in interest rates.
"A lot of homeowners who would either be looking to upgrade their home or move to a different town -- they're staying put because there's this fear they're not going to be able to find another house, they're going to pay a much higher interest rate than they might currently have on their mortgage," he says.
Fitzgerald, who spent decades solving murders in Bridgeport as a detective, says he's happy now to be helping people buy or sell their dream home.
