#e.22915Thursday 9:00AM to 11:00AM
April 11, 2013
CM | 2.00

The Peril and the Potential: How the New Housing Market Could Affect Towns, Residents, and Revenue Sharing

APA Connecticut ChapterHartford, CT

Free event

As home prices have fallen in the wake of the Great Recession and housing downturn, municipal grand lists in Connecticut have contracted. But as home sales have started to pick up, sales prices have not.

This program will explore whether home prices ultimately will recover to pre-downturn values and rise further, and whether the demand for single-family homes will stay weak – and their values stay depressed – because young workers, families and other potential buyers do not want – or can’t afford – anything more than a modest rental or ownership opportunity.

This session will also discuss what happens when home values do not increase – and grand lists stagnate or shrink. Three options will be available to municipalities: increase mil rates, reduce services, or create a wider array of housing options to meet market demand.

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Instructors:

John Pagini AICP

John Pagini AICP


(13 Ratings)


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