Thursday, February 4, 2016

Will There Be a Shift in Connecticut Real Estate?



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Today, I want to talk to you about the exciting news that rocked Connecticut a couple weeks back. GE decided to leave our wonderful state and head to Boston. The big question we're getting now is, "How will this affect the real estate market?"

In my opinion, this will have a nominal effect. A lot of people prepared for this to happen. Many of our clients have already listed and sold their homes. We will see an influx in listings, but the state is not losing the property tax from GE or their building. There will not be any increase in property tax.
Really, any shift in the market will be more psychological than tangible. Hopefully, this serves as a wake-up call for Connecticut, so the state can change their ways, attract more businesses, and support businesses on a day-to-day basis.

If you have any questions about today's news, or about real estate in general, give me a call or send me an email. I would be happy to help you!