-A A +A

Data and Statistics

Fewer troubled home loans in Vermont than other New England states

An estimated 4.76% of home mortgages in Vermont were seriously delinquent in the second quarter of 2010. No other state in New England — and only six states in the U.S. — fared this well, according to recent data from the Mortgage Bankers Association’s National Delinquency Survey.

A loan is considered “seriously delinquent” if it's delinquent by 90 days or more, or if it's entered the foreclosure process.

Approximately 2.71% of Vermont’s mortgages were in the foreclosure process as of June 31, 2010 — substantially fewer than in New England and the U.S.

Vermont home prices down 4% from last year

Prices of homes sold in Vermont were approximately 4% lower during the second quarter of 2010 than 12 months earlier, according to repeat sales data from the Federal Housing Finance Agency (FHFA).

Vermont was no different than other northeastern states. All of them experienced lower prices during 2010’s second quarter, in comparison to 2009’s second quarter.

For additional information, see the FHFA press release (PDF).

Number of U.S. homes sold falls in July

Sales of new homes fell 12% in July compared to June volumes, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development.

A similar decline occurred for sales of existing homes. According to the National Association of Realtors (NAR), the number of existing homes sold last month dropped 27% from the prior month and 25% from the level a year ago.

Economic recovery slow to reach long-term unemployed

A recent report by Rutgers University, entitled "No End in Sight:  The Agony of Prolonged Unemployment," describes the pervasive nature of unemployment among people who lost their jobs during the recent recession.

The report is based on a national survey of 900 people who were unemployed in August 2009. Participants were then re-interviewed six months later in March 2010.

The study found:

Housing market lags in Vermont's economic recovery

reportEven though the state’s economy is recovering by many indicators, economists project a continued decline in Vermont home prices and foreclosure rates hovering at an all-time high through at least mid-2011.

All states except North Dakota experienced home sales declines in January-March 2010 relative to 12 months earlier, according to Federal Housing Finance Agency repeat sales indices.

HUD: Family homelessness continues to rise

The number of homeless families in the U.S. rose for the second year in a row, according to The 2009 Annual Assessment Report to Congress recently completed by HUD.

This rise shows the impact of the economic downturn “on the housing stability of low-income and vulnerable Americans,” the report explains.

Report: Unaffordable housing hampers local employment growth

report coverStatistical research confirms unaffordable housing has broad impacts for local economies.

Study: LIHTC improves economic conditions of residents, neighborhoods

Recent New York City-based research demonstrates residents of tax credit-financed apartments pay $500 less than monthly market rents, more than doubling the discretionary income available to each household for other necessities. The June 2010 report shows these income savings boost local purchasing power, "contributing to retail vitality of the neighborhood."

Free Census data workshop

The U.S. Census is holding a free data workshop in Burlington, Thursday, July 15.

This hands-on event will show you how to access Census data using the online tool American Factfinder. Instructors will teach attendees how to create a custom profile for specific service areas.

Local economic impact of typical Housing Tax Credit developments

Home building immediately stimulates the economy. In addition to providing jobs to workers in the construction industry, funds flow to a variety of local service and goods providers and to local governments in the form of fees and taxes. These funds then ripple through the economy as workers spend their wages in local businesses and businesses replenish their stock.

Pages

Subscribe to RSS - Data and Statistics