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Economy

Vermont homeownership rate hovers well above declining U.S. rates

Although Census surveys show a clear decline in the national homeownership rate, they don’t show a similar decline for Vermont.   At least not yet.  Second quarter 2015 estimates show Vermont’s rate at 72 percent, nearly eight and a half percentage points higher than the national 64 percent rate. 

Housing is a “silent crisis” says new bi-partisan foundation

The lack of affordable housing in the U.S. has become a “silent crisis” says a new report from the J. Ronald Terwilliger Foundation for Housing America’s Families.  The foundation, formed just last month, is led by a  bi-partisan group of business leaders, policy makers and financial and housing experts. 

Few options for would-be renters in the Upper Valley

uvhcOf the approximately 10,000 rental units in the core towns of the Upper Valley, only about 250 were vacant as of June 30, 2014, based on research presented by the Upper Valley Housing Coalition at its recent Business Leaders Breakfast in West Lebanon.

Primary home prices dip in first half of 2014

home pricesBetween January and June, the median price of a primary home sold in Vermont was about 4% lower than it had been in 2013. Statewide, the median price dipped to $192,250 from $200,000 in 2013.

Building inclusive and vibrant communities

CommunityTwo Rivers-Ottauquechee Regional Commission and the statewide Fair Housing Project of CVOEO offer a presentation and group discussion about building inclusive and economically vibrant communities.

VHFA’s expanded toolkit helps Vermonters synch home buying with market cycles

Champlain Business Journal coverThe period immediately after a recession is typically a time of renewed interest among would-be home buyers since home prices are likely at a low point.

Vermont home sales continue to rebound in 2013

Home SalesThe number of homes sold in Vermont in 2013 climbed 16 percent compared to 2012, with virtually all counties contributing to the rebound. Only Orleans County experienced fewer home sales in 2013 than in 2012.

New index demonstrates stability of Vermont’s single-family housing market

MimiThe new “multi-indicator market index”, or MiMi, released by Freddie Mac this week, is a user-friendly tool for looking at the housing stability of markets across the country.

New research explores causes of U.S. mortgage volume decline

New_loansThe number of new home purchase mortgages in the U.S.

HUD leader praises housing finance agencies for role in U.S. housing recovery

At the annual conference for state housing finance agencies last week, HUD Secretary Donovan thanked housing finance agencies for “helping to turn around the housing market” and for “being there for first time home buyers”  throughout t

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