Vermont Real Estate Market Slowing Down
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Vermont’s run as the last hot housing market in New England is coming to an end according to experts in the state. The market has sustained when most of New England’s real estate sales slumped drastically. Now we all know Vermont is it’s own entity and the real estate sales may have been propped up by vacation and second home sales.
If that is the case, could the state be facing the same issues as Northern Florida’s vacation home sales where the buyers are backing off? That could explain Vermont’s strong sales as it’s neighbors slowed down.
That’s what real estate brokers say they’re seeing on the street, and the consensus is backed up by statistics gathered by Allen & Brooks, a Burlington-area firm that analysis Vermont’s housing market.
“The prices reached a point where they didn’t make sense,” Steve Allen of Allen & Brooks said of the run-up in home prices that appears to have peaked.
Statewide, prices have grown slightly from 2006 to this year, according to the firm’s latest study, from a median for a single-family home of $205,000 growing to $210,000. via the Bennington Banner
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Comment by Jim Johnson CRS on 5 July 2008:
Great Blog! I have been selling real estate in Bend Oregon since 1981 and find it refreshing to find a helpful blog like yours! Keep up the good work!
http://www.bendoregonrealestateexpert.com/