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Economy

U.S. Senate passes Housing and Economic Recovery Act

Saturday morning, on a vote of 72-to-13, the U.S. Senate passed the Housing and Economic Recovery Act (H.R. 3221).

The Senate chose not to amend the House-passed bill. It now goes to President Bush, who is expected to sign it.

Harvard study: Housing downturn worst in decades

state of the nation's housing report coverA recent study released by the Joint Center for Housing Studies at Harvard University finds the current housing downturn could be the worst in a generation.

The report shows the number of homeowners paying more than half their income on housing increased from 6.5 million in 2001 to 8.8 million in 2006.

Crisis? Or no crisis?

Is Vermont in the midst of a "housing crisis?" At last check, about two out of three people responding to a poll on The Burlington Free Press Web site say, "Yes."

What's your opinion? Take the poll.

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