Why isn’t Connecticut’s economy recovering like the rest of the country?
The bottom line boils down to three factors: government, infrastructure, and business flight.
As far as government goes, we don’t have the necessary leadership installed. Granted, I’m not a big political guy and I’m not trying to take sides, but the proof is in the pudding—as taxes go up, services go down.
Our infrastructure is weak, and with a weak infrastructure, you won’t be able to attract businesses. On the opposite end of the spectrum, businesses keep leaving.
Lastly, we don’t have the businesses to attract young buyers to come in and buy up more inventory. Our inventory is aging, meaning the homes themselves are physically getting older, and we don’t have a lot of new construction for people to be attracted to.
If you have any questions about our market or you’re thinking about buying or selling a home, don’t hesitate to give me a call or send me an email. I’d be happy to help you.