Think creatively and look for opportunities - State of the market for new buyers in New London County
It is no secret that the housing market is in a tough situation right now. The problem is that the majority of Americans, no matter where they live, cannot afford to buy a home in the cities or towns in which they work. Why is that the truth? Looking back on the market, the selling price, along with the price per square foot, were at all-time highs just before the financial crisis in 2008.
These all-time highs eventually dropped to all-time lows around 2015, before they started to slowly climb back up. Then, we had a global pandemic that decided to take a slow climb and accelerate at an exponential pace, and the slope of median selling…
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