WTNH | By: Caroline LeCour
NEW HAVEN, Conn. (WTNH) — Housing advocates and experts are weighing in on a recent report on Connecticut’s housing crisis, after the state received a failing score for a second year in a row.
Titled “Grading the States: Affordability & Homebuilding Report Cards,” the Nutmeg State ranks at number 46 compared to all 50 states. Each grade is weighed on a 100-point scale across two factors: affordability and homebuilding.
The median household income sits at $95,392 per year in Connecticut, yet the median listing price for a home lands a little over $500,000.
While some believe there is some truth to the score, people like Connecticut Realtor Michael Barbaro say it’s a bit of an oversimplification.