Economy

Vermont home sales market steady in first half of 2016

The median price of non-vacation Vermont homes sold during the first six months of 2016 was $200,000, virtually unchanged from 2015. Like prices, the number of sales also held steady compared to the first six months of 2015. 

Chittenden County leaders call for increased production of housing over next 5 years

Building Homes Together  was launched yesterday. It is a collaboration of organizations and communities seeking to remedy some of the most pressing challenges in Chittenden County’s housing market.

“The housing shortage in Chittenden County has been well noted with unhealthy vacancy rates and high rents,” added Charlie Baker, Executive Director of the Chittenden County Regional Planning Commission. “Employers can’t find workers, and workers themselves spend more time in commutes and with a higher percentage of their paychecks on housing costs.” 

Vermont’s condominium prices remain level between 2010 and 2015

Although most non-vacation condominiums sold each year in Vermont are near Burlington, several towns in other parts of the state also play an important role in this segment of the housing market. About 80 percent of all primary residence condo sales in Vermont each year take place in 10 towns--7 inside Chittenden County and 3 beyond its boundaries.

Business leaders consider housing challenges in Chittenden County

Chittenden County Regional Planning Commission Executive Director Charlie Baker joined area business leaders this week to discuss the region's growing  jobs-housing imbalance. Although the number of people working in Chittenden County has grown to approximately 99,800, there are 11,300 fewer employees living here than in 2002. 

Check out Baker's presentation for more information.

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

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