Find Out More About the Westport, Weston and Norwalk Area Economy & Job Market
WESTPORT
Once thought of as a commuter community,
today more and more residents work in the area as companies are moving their
corporate headquarters to or near Westport. Many consultants, commercial
designers, graphic artists, and other entrepreneurs work out of small offices
or their homes. For those who commute, Westport is just over an hour from most
of Manhattan and the New York airports. Transportation to New York City is
readily available on Metro North or by car on the Merritt Parkway or Interstate
95.
WESTON
Weston is a town of "cottage industries,"
but not in the usual sense of the word. There is no industry and no
professional buildings in town. Instead there are many doctors, lawyers,
accountants, consultants-and more-who work out of their homes-what a great
commute! Other Westonists do need to get in their cars to commute to New York
City or neighboring towns.
 The brick streets of the SoNo
DistrictNORWALK
Although Norwalk began as a shipping center,
exporting agricultural products and bringing in manufactured goods after the
Revolutionary War, the arrival of the railroad in the mid-1800s gave rise to
local manufacturing. At that time, Norwalk quickly became the nation's hat
manufacturing center followed by locks, pumps, compressors, corsets, shirts,
and cigars.
Manufacturing continues as Norwalk's largest
industry, accounting for nearly 35 percent of all jobs. Over the years,
however, the types of manufacturing employment have dramatically shifted. Fewer
people are engaged in assembly and production jobs, which have been largely
automated, while more are employed in research and development, shifting the
job market to a highly skilled, educated work force without large job losses. A
sampling of companies calling Norwalk home are: U.S. Surgical Corporation
(manufacturing surgical supplies, Corporate Headquarters), Virgin Atlantic
Airways (Airline and Leisure Travel, US Headquarters)< Swank and Trafalgar
(leather goods manufacturing), Perkin-Elmer (manufacturing scientific
instruments, Corporate Headquarters), MBI (direct mail marketing, Corporate
Headquarters), and many more. Request my Free Westport, Weston and Norwalk Relocation Package. It's packed full of useful and important information about the Westport, Weston and Norwalk, Connecticut area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
Investment Real Estate >Investment Real Estate
While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?
Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.
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What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
