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.
Economists expect the national homeownership rate to reach a turning point soon, as the economic recovery and gradual credit standard loosening bring first-time buyers back to the market.
Even throughout the recession, VHFA provided hundreds of Vermont first-time home buyers each year with the mortgage options they needed. If you or someone you know is thinking about buying, don’t forget to check out our programs. They evolve constantly to bring back to Vermont those mortgage market developments most helpful to low and moderate income buyers.