Source: NPR: Morning Edition, September 27, 2010
By Chris Arnold
“Despite the government’s efforts to help the housing market, economists estimate that about 1 in 4 households with a mortgage owe more than their house is worth. [More ...]
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News
Homebuilders less confident in housing market
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
Vermont Construction Industry Has Fallen
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
Area housing market remains tight
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
Vermont bucks national home sales
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
Habitat for Humanity Joins Ranks of Nation’s Top Home Builders
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
Foreclosures down 2 percent nationally from last year
Source: Burlington Free Press, May 13, 2010
By Alan Zibel, The Associated Press • Thursday, May 13, 2010
“WASHINGTON — Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding.
The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, Realty-Trac Inc. said today. [More ...]
Tags: Economy, Foreclosures, Housing Market
Vermont Foreclosures Continue To Rise
Susan Keese
Source: Vermont Public Radio, March 31, 2010
“(Host) The number of mortgage foreclosures in Vermont continues to rise, and experts expect that trend to continue into the near future.
But help is available for homeowners in trouble.
And more may be on the way, as VPR’s Susan Keese reports. [More ...]
Tags: Foreclosures, Housing Market, Vermont Public Radio
Foreclosures Seen Still Hitting Prices
By James R. Hagerty
“More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the next several years, two new studies project.
The studies—by John Burns Real Estate Consulting Inc. and Standard & Poor’s Financial Services LLC—both conclude that most efforts to modify loans with easier terms will delay, not prevent, the loss of homes to foreclosure. [More ...]
Tags: Foreclosures, home prices, Housing Market
Housing Shortage Coming In 2011
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
