Source: Rutland Herald, August, 29, 2019
By: Bruce Edwards
“It’s a tough time for first-time home buyers.
Consumer confidence isn’t high and while mortgage rates are extremely low, banks have tightened up their lending standards.
But thanks to a year-old housing program, some low-income Vermonters are realizing their dream of home ownership. [More ...]
Federal Budget/Funding, Foreclosures, Homeownership, Housing Agency and Nonprofit News, Housing Creation and Preservation, Housing Market
Tags: HARP, Housing, low-income, Vermont, Vermont Housing Finance Agency
Source: The Rutland Herold, August 25, 2010
By: By ALAN ZIBEL
and J.W. ELPHINSTONE
THE ASSOCIATED PRESS
“WASHINGTON — Home prices in many parts of the country scream bargain, and mortgage rates haven’t been this low for decades. So why are houses across the nation sitting on the market for so long? [More ...]
Tags: HOME, Housing, low, market, mortgage rates, prices
Source: Times Argus, August 16, 2010
By: Bruce Edwards
“For would-be first-time home buyers, the quest to get into that home is more challenging today and likely to remain that way until the economy turns around, according to housing advocates in the state. [More ...]
Tags: Economy, Erhard Mahnke, first-time home buyers, Housing, market, recession, Vermont Affordable Housing Coalition
Source: Rutland Herald, July 20
By Alan Zibel
“WASHINGTON — Homebuilders’ confidence in the housing market has sunk to the lowest level in more than a year, fresh evidence that the economic recovery is slowing.
The National Association of Home Builders said Monday its seasonally adjusted housing market index fell to 14 in July. It was the lowest level since March 2009. June’s index level was revised downward to 16. [More ...]
Tags: Economy, Homebuilders, Housing Market, unemployment
Source: Vermont Public Radio, July 9
By John Dillon
“(Host) Construction jobs in Vermont have fallen sharply over the last year. And an economist for the construction industry does not expect much improvement until next year.
As VPR’s John Dillon reports, Vermont contractors are feeling the pain of the economic downturn. [More ...]
Tags: Construction Industry, Economy, Housing Market, Vermont, VPR
Source: Times Argus, July 7
By Eli Sherman
“PLAINFIELD – In 1990, when she moved to Vermont from Raleigh, N.C., Amy Lester was surprised at how high the cost of just about everything in New England was. But the high cost of one thing, housing, particularly was a shock.
“I was surprised at the rent even back then.” Lester said. “I was always paying at least 50 percent of my income on rent.” [More ...]
Tags: Affordability, Housing and Wages Report, Housing Market
Source: WCAX, July 5
Vermont is bucking the trend when it comes to home sales.
Gail Westling is trying to sell her Colchester town home. She’s surprised that prospective buyers have all been young professionals,” said Gail Westling, who is selling her Colchester home. “I have had a few couples, young couples. And I’m just waiting to hear, they were really interested, it was last week, they seem to all pop in, one right after the other.” [More ...]
Tags: Housing Market
Source: Wall Street Journal, July 2
By Dawn Wotapka
“EAST PATCHOGUE, N.Y.—A dozen female volunteers gathered recently in this blue-collar Long Island town, enduring the heat to help form the entryway of an 1,100-square foot home for Cheri Sabolenko and her two young children.
The Sabolenko house will soon join more than 5,000 other homes expected to be built, repaired and rehabilitated in the U.S. this year by a well-known addition to the upper echelon of America’s largest home builders: the nonprofit group Habitat for Humanity International. [More ...]
Tags: Habitat for Humanity, Housing Market
Source: Champlain Housing Trust Press Release, June 24
“A report released recently by a researcher at Vanderbilt University in partnership with the National Community Land Trust Network found that conventional homeowners were eight times more likely to be in the process of foreclosure than owners of community land trust homes at the end of the 4th quarter of 2009. The Champlain Housing Trust (CHT), a member of the Network and a participant in the study, had no foreclosures in 2009 among its portfolio of 477 resale–‐restricted homes in northwestern Vermont. [More ...]
Tags: Champlain Housing Trust, Foreclosure
Source: Trenchless Technology, May 26, 2010
“Increases in stimulus-funded projects and growing demand for single family construction helped boost monthly construction employment in 29 states between March and April, according to a new analysis of federal employment figures released today by the Associated General Contractors of America. Despite the recent gains, 46 states and the District of Columbia lost construction jobs over the past 12 months. [More ...]
Tags: Construction, Economy, Jobs, stimulus
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