Driven by a slow housing market Vermont home prices dipped slightly, but are the least affected by the financial crisis in the nation. The state had the lowest number of creative adjustable rate and subprime mortgages made by national bankers in the boom resulting in the nation’s lowest foreclosure rate. It isn’t any coincidence that… Continue reading 2010 Vermont Housing Market
Category: Vermont
Vermont housing market
Best Housing Market in America
There’s simply no doubt about it. Burlington, Vermont and neighboring South Burlington are the best housing market in America rated by the lowest number of foreclosures in the nation, and there’s not any doubt why. All bottom seven communities on the 2009 Realty Trac foreclosure list are college towns, where local economies have been boosted… Continue reading Best Housing Market in America
Vermont Housing Market And Real Estate Predictions For 2019
Vermont is a northeastern state in the U.S. It’s located in the New England region of the country and is sometimes called The Green Mountain State. Vermont is the second smallest state by population and the sixth smallest U.S. state by area. In fact, the capital of Vermont, Montpelier, is the least populous U.S. capital.… Continue reading Vermont Housing Market And Real Estate Predictions For 2019
2015 Vermont Real Estate Market Forecast
Vermont is one of the more affluent states in the U.S. and both economists and housing market experts have reason to believe there is a lot of hope for the future of the state in the coming year. Thus far, the two major sources of forecasts on Vermont’s economy have issued generally positive predictions for… Continue reading 2015 Vermont Real Estate Market Forecast
2013 Vermont Housing Market
When it comes to its real estate market, where it isn´t seeing gains, Vermont is holding steady. In a Jan. 23, 2013 blog post, the real estate firm Conroy & Company wrote of 2013, ¨we expect greater equilibrium between sellers and buyers meaning it’s no longer a buyer’s market or that there is a surplus… Continue reading 2013 Vermont Housing Market
2012 Vermont Housing Market
Home sales increased slightly in Vermont, mainly because of homes that were damaged or destroyed by Hurricane Irene moving though the area over the summer, and low mortgage rates. An estimated 700 homes were damaged or destroyed in the freak tropical storm that struck the state, the worst natural disaster to hit Vermont since 1927.… Continue reading 2012 Vermont Housing Market
Investors Home Buying Binge Rages
By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2%… Continue reading Investors Home Buying Binge Rages
Home Prices Fall Almost 5% in 2011
By Mike Colpitts Home prices fell nearly an average of 5% last year as a result of a troubled U.S. economy, decaying consumer sentiment, high unemployment and a foreclosure crisis that is running out of control, according to real estate research firm Core Logic. The company’s December Home Price Index showed an average 4.7% decline… Continue reading Home Prices Fall Almost 5% in 2011
Home Prices Tumbled Less in 2011
By Mike Colpitts Home prices tumbled an average of 4.3% on a year-over-year basis through last November, according to real estate analytics firm CoreLogic. The company’s Home Price Index, released Monday, confirmed what other real estate research companies reported – that home prices fell less in 2011 than 2010. The Santa Ana, California based firm… Continue reading Home Prices Tumbled Less in 2011
Mortgages On Home Purchases Jump as Rates Decline
By Mike Colpitts Pushed by lower mortgage rates, home purchase applications jumped as consumers came out in greater numbers to take advantage of near record low mortgage rates. Seasonally adjusted purchases rose 1.8% from a week ago, according to the Mortgage Bankers Association. The refinance index, however, showed a slight two-tenths of a percent decline… Continue reading Mortgages On Home Purchases Jump as Rates Decline