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Vermont leads New England by key economic recovery measures

By Leslie Black-Plumeau. Reposted from VHFA’s Housing Matters blog, January 18, 2013. “Vermont’s economic performance coming out of the recession is among the best, if not the best, in New England, Fed economist Robert Clifford explained at a Lake Champlain Region Chamber of Commerce breakfast yesterday.   Clifford identified the state’s steady job growth and much “healthier” housing market as key drivers of this success. Employment in Vermont will return to pre-recession levels by the end of 2014, Clifford predicted, well ahead of its New England counterparts and the nation as a whole. Vermont’s foreclosure rate is continually the lowest in New England, he noted, thanks to strict mortgage lending laws passed here in the 1990s and to the state’s relatively low unemployment rate.  And with housing prices that fell only modestly and are already on the upswing, Vermont is likely to be the first New England state to see prices return to near pre-recession levels…” Link to Housing Matters Article  View PDF of Housing Matters article

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