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Old 02-07-2023, 01:00 PM
 
3,484 posts, read 9,421,006 times
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January's market report is in for Glastonbury. 30 homes sold, averaging 101% of asking price, average days on the market is 24. Sellers market is still in full effect. I am sure there are plenty of buyers and sellers waiting to see what happens when spring hits.

 
Old 02-07-2023, 01:05 PM
 
2,330 posts, read 1,031,194 times
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Quote:
Originally Posted by ct1615 View Post
agreed, I don't see a lot of former NYC office workers going to waterbury so they can work remotely
Many NYC employers are pushing back hard against the WFH movement. Especially in the finance field. Most want workers in 5x/week. Maybe 3-4x if you can qualify for some sort of exemption.

Source: I work in Wall St.
 
Old 02-07-2023, 02:31 PM
 
Location: NYC/Boston/Fairfield CT
1,853 posts, read 1,955,639 times
Reputation: 1624
Quote:
Originally Posted by Tiredofnyclife View Post
Many NYC employers are pushing back hard against the WFH movement. Especially in the finance field. Most want workers in 5x/week. Maybe 3-4x if you can qualify for some sort of exemption.

Source: I work in Wall St.
This is very true. I run my own firm (Midtown) in a Financial Services related specialty and I'm seeing a lot more in office Zooms than before.

Also a few of my employees have (wisely) started to come into the office a lot more, without prompting from me.

For everyone thinking that this is WFH status quo that will be maintained, is making a very risky bet. Even if employers go from requiring employees to come in 1X-2X/week to 3X-4X/week, we are looking at horrendous commutes for those who decided to move afar.
 
Old 02-07-2023, 02:59 PM
 
252 posts, read 139,193 times
Reputation: 413
Quote:
Originally Posted by New Englander View Post
This is very true. I run my own firm (Midtown) in a Financial Services related specialty and I'm seeing a lot more in office Zooms than before.

Also a few of my employees have (wisely) started to come into the office a lot more, without prompting from me.

For everyone thinking that this is WFH status quo that will be maintained, is making a very risky bet. Even if employers go from requiring employees to come in 1X-2X/week to 3X-4X/week, we are looking at horrendous commutes for those who decided to move afar.
Any employer that doesn’t want to allow WFH will just lose the best talent and end up sabotaging themselves. The cat is out of the bag now. No one wants to be in some terrible office environment.
 
Old 02-07-2023, 04:31 PM
 
1,724 posts, read 1,147,287 times
Reputation: 2286
Quote:
Originally Posted by mels View Post
January's market report is in for Glastonbury. 30 homes sold, averaging 101% of asking price, average days on the market is 24. Sellers market is still in full effect. I am sure there are plenty of buyers and sellers waiting to see what happens when spring hits.
I don't think it will be a buyer's market unless there's a recession. And right now we're still pretty far from a recession.
 
Old 02-08-2023, 07:20 AM
 
Location: USA
6,907 posts, read 3,746,264 times
Reputation: 3499
Quote:
Originally Posted by okbymeman View Post
No one wants to be in some terrible office environment.
Who ever did? even before covid and WFH took over.
There's nothing worse than working with terrible people and bosses even if you love the type of work you do.

Everyone in the world knows midtown Manhattan finance pros aren't moving to Waterbury, they never have, not before and not after covid.
Many NYers who work in retail, healthcare staff and reception, food service, and automotive may have moved to Waterbury or similarly more affordable CT locales. That's not entirely out of the realm of possibilities.
 
Old 02-08-2023, 12:50 PM
 
2,330 posts, read 1,031,194 times
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Quote:
Originally Posted by okbymeman View Post
Any employer that doesn’t want to allow WFH will just lose the best talent and end up sabotaging themselves. The cat is out of the bag now. No one wants to be in some terrible office environment.
It's not that simple. Many employers are going through staffing cuts both in tech and finance. These are the 2 big sectors that did WFH. This will have spillover impacts on those who bought during the 2020-2022 housing bubble especially in more distant areas of CT.
 
Old 02-08-2023, 12:58 PM
 
Location: USA
6,907 posts, read 3,746,264 times
Reputation: 3499
Quote:
Originally Posted by Tiredofnyclife View Post
It's not that simple. Many employers are going through staffing cuts both in tech and finance. These are the 2 big sectors that did WFH. This will have spillover impacts on those who bought during the 2020-2022 housing bubble especially in more distant areas of CT.
Here's the problem with this outlandish notion that no one will work in offices anymore and that companys won't be able to attract the so called CT Forum new buzzword "top talent":

"Mortgage Payment Due: on or before the 15th, late charges apply after the 16th"
 
Old 02-08-2023, 01:25 PM
 
Location: USA
6,907 posts, read 3,746,264 times
Reputation: 3499
I've heard some towns around here either are or are looking to hire this Vision Govt Solutions group to start doing revals. Right on queue as market values are up. Ya gotta love the Northeast High Property Tax States.
 
Old 02-08-2023, 02:44 PM
 
1,888 posts, read 1,185,266 times
Reputation: 1783
Quote:
Originally Posted by okbymeman View Post
Any employer that doesn’t want to allow WFH will just lose the best talent and end up sabotaging themselves. The cat is out of the bag now. No one wants to be in some terrible office environment.
Depends on the industry. Also for those thinking WFH is forever while also living in high COL areas be careful what you wish for. Your replacement could work for less living in a lower COL
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