Long term RE Climate for CT

[Claudio Golia]

Good afternoon.

For all you REI in CT, how are you feeling about the long term climate of real estate in CT long term? Enthusiastic, depressed, don't know? I know there's no crystal ball that can give us our answer, but I'm wondering whether or not it's worth buying my next home or first investment property here?

The economy and the fact that more folks are leaving than coming in, scares me.

Interested in your thoughts?

Thank you.

[Shawn V.]

I agree that people are moving out of state but the ones that DO live here will need some place to live. If you want to get a good sense of the real estate climate check out homes sales for the last 6 months in any area you are interested in. A friend of mine listed an apartment rental she has in Windsor and she received 52 inquiries within 3 days. 52. And that was just using Zillow Rental Manager. Imagine if she actually listed on craigslist, or FB or any other listing source.

I'm not overly enthusiastic but I know there are deals to be made.  Im in the process of updating one of the units for my property that im house hacking and I cant wait to start looking for the next property.