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Housing issues affect everyone in Connecticut, from those who are searching for a safe place to live, to those who may find it increasingly difficult to afford a place they already call home.WNPR is covering Connecticut's housing and homelessness issues in a series that examines how residents are handling the challenges they face. We look at the trends that matter most right now, and tell stories that help bring the issues to light.

General Electric CEO Puts Home on the Market

Zillow
Jeff and Andrea Immelt's New Canaan home

The boss is moving out alongside the company. The Connecticut house of General Electric CEO Jeff Immelt has been listed for sale. 

Immelt recently bought an $8 million condo unit in Boston, and now his New Canaan home is on the market for an asking price of $5.5 million. The 10,000-square-foot home has six bedrooms and nine bathrooms, and sits on four acres of grounds.

GE said it plans to have its new Boston headquarters up and running by this summer.

It had previously announced that around 200 of its employees would relocate to Massachusetts, with up to 600 moving instead to Norwalk.

The decision not to move all of its executives en masse has somewhat relieved fears for impact of the move on the Fairfield County housing market.

Harriet Jones is Managing Editor for Connecticut Public Radio, overseeing the coverage of daily stories from our busy newsroom.

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