New Canaan (Connecticut) Realtors Ban “For Sale” Signs on Homes

In New Canaan (Connecticut), where the average home sells for approximately $1.5 million, the Board of Realtors has voted to remove all “for sale” signs on homes by July 1, reports a Fox News online article http://www.foxnews.com/politics/2018/06/12/wealthy-connecticut-town-bans-for-sale-signs-on-homes-on-market.html. After a six-month trial period, the Town Council could make it an ordinance.

The article states, “High property and income taxes and loss of major corporations pack a powerful one-two punch that experts say is driving an increase in “for sale” signs throughout the state.

“Connecticut has the third-worst credit rating in the country, and its deficit has reached nearly $5 billion. According to a 2017 estimate by the Pew Charitable Trusts, the Nutmeg State only has $240 million in its ‘rainy day fund’—only five states have a smaller cushion.”

 

Photo by Mark Turnauckas

Wade Swormstedt

Wade Swormstedt

Wade is Executive Director of the Foundation for the Advancement of the Sign Industry. Formerly he was Editor and Publisher of Signs of the Times magazine.

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