2013 Vermont Housing Market

When it comes to its real estate market, where it isn´t seeing gains, Vermont is holding steady. In a Jan. 23, 2013 blog post, the real estate firm Conroy & Company wrote of 2013, ¨we expect greater equilibrium between sellers and buyers meaning it’s no longer a buyer’s market or that there is a surplus of homes to be sold. That makes for a more competitive market and the return of modestly rising selling prices in spots. Homes that are … [Read more...]

2012 Vermont Housing Market

Home sales increased slightly in Vermont, mainly because of homes that were damaged or destroyed by Hurricane Irene moving though the area over the summer, and low mortgage rates. An estimated 700 homes were damaged or destroyed in the freak tropical storm that struck the state, the worst natural disaster to hit Vermont since 1927. Some entire small towns were cut-off from aid for days following the storm in central and southern Vermont. Food … [Read more...]

Investors Home Buying Binge Rages

By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2% from December numbers provided by the National Association of Realtors monthly home sales report, but showed that the market is … [Read more...]

Home Prices Fall Almost 5% in 2011

By Mike Colpitts Home prices fell nearly an average of 5% last year as a result of a troubled U.S. economy, decaying consumer sentiment, high unemployment and a foreclosure crisis that is running out of control, according to real estate research firm Core Logic. The company’s December Home Price Index showed an average 4.7% decline in U.S. home prices, which includes foreclosure and bank assisted short sales. The year-end report indicates … [Read more...]

Home Prices Tumbled Less in 2011

By Mike Colpitts Home prices tumbled an average of 4.3% on a year-over-year basis through last November, according to real estate analytics firm CoreLogic. The company’s Home Price Index, released Monday, confirmed what other real estate research companies reported – that home prices fell less in 2011 than 2010. The Santa Ana, California based firm said prices fell 1.4% in October, which marked the fourth straight month home values … [Read more...]

Mortgages On Home Purchases Jump as Rates Decline

By Mike Colpitts Pushed by lower mortgage rates, home purchase applications jumped as consumers came out in greater numbers to take advantage of near record low mortgage rates. Seasonally adjusted purchases rose 1.8% from a week ago, according to the Mortgage Bankers Association. The refinance index, however, showed a slight two-tenths of a percent decline for the week. The four week moving average on the seasonally adjusted index is 2.5% … [Read more...]

Jobs Proposal Boosts Home Prices

By Mike Colpitts The Obama administration's proposal of jobs and spending initiatives would supply much needed aid to the real estate industry, and give the housing market a shot in the arm towards recovery eventually boosting home prices, an analysis of the program has found. Consumers and businesses are concerned about the U.S. economy, which has been ailing since the financial crisis exploded on Wall Street more than three years ago. … [Read more...]

Wealth Effect Impact Leaves U.S. Feeling Poorer

The way people feel about their personal well being in relationship to money is taking a serious hit as the Wealth Effect leaves Americans feeling poorer, a new Housing Predictor survey has found. The impact of the real estate crash is hitting home as housing prices deflate in the majority of the country, and have been for five years in the worst hit regions of the  U.S. The new online poll found that more than 3 out of 4 respondents or 76% … [Read more...]

Home Sharing Gains Popularity

By Kevin Chiu Home sharing is gaining in popularity as consumers look for ways to save money with the economy sputtering and more homeowners losing their homes to foreclosure. People are turning up at agencies across the U.S. looking for a place to live, where they can save some money to eventually either rent a place on their own or buy another home. Renting a room to a boarder has been in and out of style for decades as homeowners look … [Read more...]

2011 Vermont Housing Market

Sheltered by better employment conditions and the lowest number of foreclosures for any state in the U.S., Vermont is making its way through the financial crisis with few headwinds. Vermont is also sustaining the tough national economy without experiencing a real estate crash. However, the housing market hasn’t been fully void of the recession but it hasn’t suffered major set-backs either.  Home prices have stayed relatively flat for the … [Read more...]