Saturday, February 9, 2008

Influx of Indians boosts Conn. real estate market

The state’s Indian population has nearly doubled in the past six years, from 23,662 residents in 2000 to 40,394 in 2006, according to the American Community Survey, an annual population estimate recently released by the U.S. Census Bureau.

This dramatic population influx is already being felt in almost every avenue of Connecticut’s social, economic and civic sectors. These new residents are now contributing to the state’s labor force in ever-growing numbers, starting new businesses and putting their children in Connecticut classrooms. But one area where the influx is having a dramatic effect is in the local real estate market.

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