Amid soaring prices and low inventory, Connecticut s home ownership rate is falling
Alexander Soule
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A construction crew builds a new unit in April 2021 at Toll Brothers’ Bethel Crossing development in Bethel, Conn. Home ownership remains below levels exiting the Great Recession, despite historically low interest rates.Alexander Soule /
Joan Carty knows the 22 condominium units her Housing Development Fund is building in Stamford will not reverse Connecticut’s long-term trend lines for home ownership.
But if you add similar-sized developments in each town statewide, a home comes into reach for 3,700 more Connecticut families many of whom are finding affordable options dwindling fast in the spring of 2021, as a hot real estate market stokes prices.
Amid soaring prices and low inventory, Connecticut s home ownership rate is falling
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Amid soaring prices and low inventory, Connecticut s home ownership rate is falling
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