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Thursday, December 27, 2018

Aging population, flat home prices bring cost relief for housing

Connecticut homeowners have seen monthly housing expenses decrease, and fewer are spending what is considered a too-large part of their income on housing. But the same improvements haven’t been seen by renters, who are increasing in number. About 33.4 percent of housing units were renter-occupied in the five-year period ending in 2017, compared with 31.7 percent in the period ending in 2012. The American Community Survey combines data from the entire five-year period ending in 2017 into estimates. CT Mirror’s first story on this data looked at Connecticut’s growing commute times. Here are some takeaways on housing. 1.

from News https://www.ctpost.com/politics/article/Aging-population-flat-home-prices-bring-cost-13493225.php

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