Connecticut now leads the nation in home price declinesPosted by Minna Reid on Monday, September 10th, 2012 at 8:28am.
According to Bloomberg.com Connecticut now leads the nation in home price declines.
Contributing to the decline is Connecticut's rising unemployment rate, currently at 8.5%. Connecticut also recently posted a tremendous jump in notices of default and home repossessions. With an average of 656 days for a bank to foreclose on a Connecticut home, it seems it may be quite some time before we crawl out of this mess.
Minna Reid is a CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales, serving the Central CT including, but not limited to; Avon, Berlin, Bristol, Cheshire, Cromwell, Farmington, Glastonbury, Hamden, Meriden, Middlefield, Middletown, Newington, New Britain, North Branford, North Haven, Plainville, Portland, Prospect, Rocky Hill, Southington, Wallingford, West Hartford, Wethersfield and Wolcott.
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