NEW YORK (CBSNewYork) – All this week WCBS 880 is looking at what is happening in the housing market. Today, Ginny Kosola reports on progress in Connecticut and New Jersey.
“I believe we have reached a bottom,” Mary Ann Hebert, President of the Connecticut Association of Realtors, told Kosola. “I think people have finally been watching the market for a long time recognized this perfect storm of low prices and low interest rates is not going to last forever.”
Hebert said people living in Connecticut condominiums have to be able to sell them to move up in order to get the rest of the market going.