There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that Connecticut home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the Connecticut residential real estate market is doing just fine.

Here are two articles and excerpts that make this point:

The Connecticut Housing Market Is Finally Starting to Look Healthy – The NY Times

“It has been an excruciatingly long time coming, but the housing sector in Connecticut is finally getting healthy. Thank millennials and thank home builders who are starting to produce more of the starter houses young people demand.”

Why the Connecticut Housing Market Is Good and Getting Even Better – The Street

“Connecticut interest rates are so low now that a family can buy the median-priced Connecticut home on income of less than $45,000 a year -- about $11,000 less than the median household income. And half of Connecticut houses are cheaper than that.”

Contact a Real Estate professional at Dave Jones Realty who can assist you with any of your Real Estate needs!