By Bruce Edwards
“The recession continues to make its presence felt in Vermont as the number of homeowners facing foreclosure jumped 17 percent last year.
There were 1,928 foreclosures filed in the state in 2009 compared to 1,639 the prior year, according to the Department of Banking, Insurance, Securities and Health Care Administration. [More ...]
Tags: Economy, Foreclosures
By Lynne McCrea
“(Host) Last February, VPR News began chronicling how the recession is affecting Vermonters in an occasional series called “Hitting Home.”
All this week, we’ll hear how people have been faring lately. We begin with a look at the building industry – an area that’s been one of the hardest hit by the downturn. [More ...]
Tags: Economy, Hitting Home, Vermont Public Radio
By Alexandra Zendrian
“The focus of the U.S. real estate market lately has been the number of foreclosures and people trying to purchase cheap housing. But Brian Wesbury, chief economist at First Trust Advisors, says that if Americans don’t start focusing on building new houses, the market will have a much bigger problem on its hands. [More ...]
Tags: building, Economy, Housing Market
By Adrian Sainz, The Associated Press
“MIAMI — A record 2.8 million households were threatened with foreclosure in 2009, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. reported Wednesday. One in 45 homes were sent a filing, which includes default notices, scheduled foreclosure auctions and bank repossessions…” [More ...]
Tags: Economy, Foreclosures, Housing Market
“A church in downtown Brattleboro that provides shelter for the homeless is facing hard economic times. However, the sale of a piece of its history is rallying community support. [More ...]
Tags: Brattleboro, Economy, First Baptist Church, homeless shelter, Homelessness, Stained Glass Window, Tiffany Window
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