The Hartford Connecticut Real Estate Market is expected to surge this year by 8.3% according to CNN Money. The City of Hartford should thank Obamacare for these forecasted home price gains. Home to some of the nation's biggest insurers, like Aetna and UnitedHealth Group, the new health care law has helped these firms expand and bring jobs to the area, according to Thomas Deller, who directs development for the city of Hartford.
All of the white-collar jobs have kept household incomes high -- at a median of more than $85,000 last year. That makes the area's median home price of $234,000 quite affordable for most residents.
CoreLogic forecasts a 12-month gain of 8.3% and sees another price increase of 6.6%, for the 12 months after that.
With such a strong market outlook, Hartford is the place to be for investors.
No comments:
Post a Comment