Isaac Toussie Looks At Real Estate in Florida

By Isaac R. Thompson

The current economic malaise has hit Connecticut as well, but there is no danger of oversupply in the state; inventory levels have been consistent, probably because Connecticut housing has not been subjected to the amount of speculative investment that other places have experienced, such as Florida or Nevada. Connecticut maintains its generally pro-business policies and there is no danger of an exodus among commercial tenants, either. Surely it has also helped that media attention has been focused on other states, whereby the panic selling that's ensued elsewhere has not gripped the Connecticut real estate market.

Connecticut has the most upscale estates in the country second only to California, with over three percent priced over a million dollars by the turn of this century. Most such residences are situated in the northeastern part of the state, where median values have been assessed in the multiple millions, Isaac Toussie comments. The state's southwest lies within the greater metropolitan area of New York City. In fact, three of Connecticut's eight counties form the Tri-State Region with New York and New Jersey. Despite the economic doldrums across the rest of the nation, Connecticut real estate has not experienced that much of an upheaval. While credit is tightened, inventory has been steady.

Statewide inventory of condominiums in Connecticut have been at consistent levels despite the economic downturn of late, and this is a good sign which bodes well for the real estate market there as a whole. Thanks to government action that's maintained access to credit, there is actually some good news for those savvy enough to "connect the dots."

Mortgage interest rates have dropped steeply and there is a tax credit stimulus package for first-time home-buyers with $7,500.00 available. Finally, people have got to live somewhere, so any decline in the condominium market can only be temporary. This is a market with a lot of upside, Isaac Toussie believes.

The ideas in this article have been presented strictly for informational and human interest purposes only, not for advisory purposes, and should not be depended on in any way by any person or institution. The reader should not rely on the veracity of any of the content provided herein. The reader is urged to seek a variety of professionals when making business or any other significant decision, including accountants, lawyers, investment advisors, insurance companies and the like. Again, this article has been posted merely for human interest and informational purposes, not for advisory purposes. - 23221

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This article was submitted by Isaac Toussie to provide some helpful information on real estate. Keep an eye out for more Isaac Toussie articles to come!