Economy

Today’s Burlington Free Press covers varying aspects of housing affordability

Burlington Free PressVHFA’s creative role in serving the needs of low and moderate-income home buyers is the focus of the “Creative Corner” in today’s Burlington Free Press.  The aut

Vermont home sales rebounded in 2012

After a trough in 2009, volumes and median prices of primary homes in Vermont are on an upswing.  The median sales price jumped two percent in 2012 to $199,000, according to VHFA’s analysis of VT property transfer tax records processed by December

Task force calls for comprehensive and rapid weatherization of Vermont buildings

Investing in thermal efficiency improvements—primarily air sealing, insulation, and heating system replacements—can dramatically reduce a home’s heating energy use.   An estimated 62,000 single and multi-family homes in Vermont will require energy eff

Vermont leads New England by key economic recovery measures

Vermont’s economic performance coming out of the recession is among the best, if not the best, in New England, Fed economist Robert Clifford explained at a Lake Champlain Region Chamber of Commerce breakfast yesterday.   Clifford identifie

Vermonters receive relief of $4.9 million from National Mortgage Settlement

The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, accord

VHFA's interest rate drop makes it a great time to buy

After dropping it's home mortgage interest rates today, VHFA's rates have never been lower: 

Federal Reserve plan likely to have only minor boost for housing market

After consulting national housing market economists last week, the New York Times reported that the Federal Reserve's Systems upcoming actions would likely have only modest effects on the overall recovery. 

U.S. median income fell and income inequality grew in 2011

Estimates from the U.S.

Application deadline for borrowers who think they were harmed during foreclosure extended

Borrowers nationwide who think they were financially harmed during the mortgage foreclosure process in 2009 or 2010 may request an independent review and potentially receive compensation.

Vermont home prices hit bottom

Housing and real estate markets in both the U.S. and Vermont, as measured by home prices are probably close to or just past their "cyclical troughs",  according to economists at Kavet, Rockler, and Associates. 

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