From the Rutland Herald, October 12: MONTPELIER — The number of new homes under construction in Vermont fell sharply in the last year as credit markets constricted and a national economic downturn hit the Green Mountains. Construction statistics reveal a sector-wide slowdown that, according to one expert, threatens the jobs of nearly 8,500 Vermont wage [...]
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New home construction down 66 percent in Vermont
Published on October 12th, 2008 in market news. 0 CommentsAppraisals in Brandon, Vermont up 16.3 to 120.2 percent
Published on September 3rd, 2008 in market news and real estate values. 0 CommentsAccording to a recent article in the Rutland Herald, a Brandon, Vermont agent states that “…statistics compiled by the National Association of Realtors indicate Vermont has been one of the quickest-recovering states from the slowdown in the real estate market.” A new appraisal in the town of Brandon has property values assessed at up to [...]
Essex real estate values rise
Published on August 4th, 2008 in market news and real estate values. 0 CommentsThe number of homes sold in Essex [Vermont] continues to fall, but the selling prices are higher than ever. The median cost of a home with less than six acres in Essex rose to $263,000 through June — a $3,000 increase since last year and a $75,000 increase since 2003, according to the Vermont Department [...]
Vermont buyers and sellers more savvy, thanks to the ’net
Published on July 25th, 2008 in market news. 0 CommentsAn article in this month’s Business People Vermont talks to three Vermont real estate experts who discuss the current and past Vermont real estate market. What has changed most dramatically? The buyers and sellers, who now have infinite resources at hand via the internet. “‘The Internet is the biggest trend, says [Kathleen] Sweeten, and her [...]