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Seaport Real Estate Group Blog

A recent article in The Day News Paper quoted an economist as says, “Connecticut housing has become
more affordable relative to residents' income, declining from a high of 5.4
times income to a current level of 4.2 times income - still about a point
higher than the national average.”

This was a great article and I think that it deserves a look. Click here
to view the article. We feel that the Mystic Country portion of CT is extremely
unique and must be analyzed independently form the remainder of the state.

Homes selling at 4.2 times income levels are not necessarily a great thing. If
we take a look at the Case-Schiller Index which states that equilibrium in a
perfect world is 3 times household income then we still have a long way to go.
Those figures become much

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