Tuesday, March 15, 2011

Time to get off the fence

Here is an article that came out today in the online Burlington Free Press. It says what most of us in the industry are recognizing...that interest rates are starting to move upward, while prices remain super good. All of the experts that I have spoken with agree that rates ARE going to go up more, as the economy improves. Obviously this affects the out of pocket that a buyer will have every month. Bottom line is that if you are thinking of buying a home in Vermont you should get moving now. Buyers markets change to sellers markets very quickly!

Study: Vermont housing more affordable

By Free Press Staff • Tuesday, March 15, 2011

A new report says the cost of buying a house in Vermont has dropped.

The Vermont Economy Newletter's annual report says the share of median family income needed to make payments on a mortgage for a median priced home fell to 14.8 percent in 2010. Art Woolf, author of the study, said Monday that that's the lowest percentage of income needed to service a mortgage since 2002.


He says the main reason is the decline in mortgage rates.

Woolf says Vermont housing has only been more affordable in four years during 24 years of studying the topic.

But he says housing costs and mortgage rates are likely to go up in 2011.



I specialize in assisting buyers and sellers of residential Real Estate in Chittenden, Franklin, Lamoille, and Grand Isle counties in Vermont. Towns would include Essex, Essex Junction, Charlotte, Shelburne, Burlington, South Burlington, Jericho, Underhill, Williston, Richmond, Grand Isle, South Hero, Cambridge, Fairfax, Milton, Georgia, Colchester, Vergennes, and many others. Please do not hesitate to call if you have any questions regarding Real Estate in any of these towns. I am happy to assist you in any way I can! Regards, David

Thursday, January 6, 2011

another reminder...

We all know that it's important to have fire and smoke detectors in our homes, and to change out the batteries at least once a year (whether they are doing that annoying chirping or not)! Unfortunately this is not always the case for CO detectors. I am always amazed at how many times I, as a Realtor, need provide new home buyers with CO detectors since they are required to be in a home at the time of sale. Often the Sellers of the home have never had a CO detector in their home. It is a very scary thing...odorless, tasteless, and invisible. There will not be a funny smell or smoke to warn you that bad things are about to happen. A few years back we here in the Greater Burlington area got a very public wake up call when several UVM students were poisoned by a malfunctioning furnace in their dorm. One of them died. Here is the story.

Recently a South Burlington family had a close call. Here is that story.

I hope that you all heed the warning and run out and get a CO detector! Now. Go.

Warm Regards,
David

Tuesday, January 4, 2011

Tax Credit Extension!

Do you know someone in the military who has been deployed and was unable to use the first time or step-up homebuyers tax credit? I bet they would appreciate if you let them know that if they have been away for 90 days or more they likely qualify for a one year extension to the credit! This gives them until April 30 of 2011 to put a home under contract, and until June 30 2011 to close. $8000.00 from the government! Please do not hesitate to call me with any questions you may have. You can also direct them to www.homebuyertaxcredit.com to do the quick test to see if they qualify. Happy New Year! -David

Question 9.2. One-Year Extension for “Official Extended Duty”

Qualifying members of the military or government employees who will be on “Official Extended Duty” for at least 90 days between December 31, 2008 and May 1, 2010 receive an extra year to get into contract.

As a member of the military or qualified government employee, do you expect to be able to claim the “Official Extended Duty” extension and get into contract by April 30, 2011?

Yes, I will be on Official Extended Duty during that time, and will be able to get into contract by April 30, 2011

Thursday, December 9, 2010

Fresh off the presses!

JAMES H. DOUGLAS

GOVERNOR


State of Vermont

OFFICE OF THE GOVERNOR

For Immediate Release:

December 7, 2010

Contact:

David M. Coriell, Office of the Governor

(802) 828-3333

Nancy Erikson, Vermont Department of Health

(802) 863-7281

Vermont Named Healthiest State in America, Again

Top spot in the 2010 America’s Health Rankings goes to the Green Mountain State

Montpelier, Vt. – For the fourth year in a row Vermont has been named the healthiest state in America, Governor Jim Douglas announced today. The 21st annual America’s Health Rankings, which was released at a press conference at the Hall of States in Washington, D.C. this afternoon, showed the Green Mountain State in a familiar position leading the nation when it comes to health.

“Over the last eight years we have worked hard to improve the health and wellbeing of Vermonters,” said Governor Douglas. “Policies like the Vermont Blueprint for Health, Choices for Care and Global Commitment to Health, and our groundbreaking 2006 health care reforms have contributed significantly to our success. But most importantly, it is the people of Vermont, who have taken responsibility for their health, that deserve credit for this distinction.”

According to a release from the United Health Foundation, “Vermont has had a steady climb in the Rankings for the last twelve years from a ranking of 17th in the 1997 and 1998 Editions.”

This year, the state ranked among the top 10 healthiest states in 14 of 22 public health measures relating to behaviors, community and environment, policies and clinical care. In particular, Vermont was noted for a number of strengths: high rates of graduation from high school; ready access to prenatal care; wide health insurance coverage; few children living in poverty; adequate availability of primary care physicians and public health spending. Since 1990, prevalence of smoking, and deaths from cardiovascular disease have decreased significantly.

“This is a moment to take pride in our collective work to help Vermonters lead healthier lives in healthier communities, said Health Commissioner Wendy Davis, MD. “But we can’t let up on our efforts in the face of new and continuing challenges: rising rates of obesity, a drop in the numbers of children getting fully immunized against vaccine-preventable diseases, binge drinking among adults and youth alike – and the consequences of health disparities experienced by many Vermonters.”

This year, the Health Department published The Health Disparities of Vermonters 2010, a comprehensive report that documents causes and consequences of differences in health status among Vermonters, especially the young, less educated and lower income people. The full report is available at Health Department offices, or at the Health Department’s website: http://healthvermont.gov/research/healthdisparities.aspx

About America’s Health Rankings

America’s Health Rankings™ is the longest running report of its kind. For 21 years, the Rankings has provided an analysis of national health on a state-by-state basis by evaluating a historical and comprehensive set of health, environmental and socio-economic data to determine national health benchmarks and state rankings. For more information visit http://www.americashealthrankings.org


Friday, December 3, 2010

Budgeting

I ran across this handy little infograpic and thought it was worth sharing. The little things really add up! Some of these are really great ideas. You could also consider refinancing your mortgage or buying at the rock bottom prices that we currently are being treated to instead of renting. If it doesn't display correctly just click on the graphic.
Budgeting-How Small Cutbacks Lead to Great Savings

Personal Finances from Quicken

Wednesday, November 3, 2010

Finally!

Elections are over. The people have spoken. We are moving in the right direction now. For sure this time. We hope. Soon.
Well here in Vermont we have a Democratic Govenor for the first time in a while. Hopefully that will get us moving in the right direction on jobs, which should help our housing and Real Estate situation. Over all we are not in bad shape, but only when compared to most other parts of the country. Homes in the upper price ranges (over $500k or so) are moving occasionally, but slower than we would like. The lower price ranges seem to be doing pretty well considering. There are quite a few businesses that will begin hiring as soon as the signs of life come back to the economy as a whole. There is pent up demand I believe. If you would like more information or are a numbers person who would like to see the data, please do give me a call. I am always happy to chat about what is going on in the Vermont Real Estate world!

On another note- we are moving into the holidays and that means toys...lots of toys. Always we seem to hear about some recalls of dangerous toys that pose a choking or other hazard. Would you like to be sure you hear about these recalls as soon as they happen? Yes? Good news..the CPSC (Consumer Product Safety Commission) has a number of types of auto notification lists that you can sign up for. Next time there is a recall for any item of the type you are interested in they will send you an email. Doesn't get any easier than that. You can also install an app if you have an android phone. The place to go to sign up is here.

As always, please do call if you have questions or I can assist!

Warm Regards,

David

Thursday, February 11, 2010

Looking for a foreclosure?
Vermont should not be your top pick! According to Realtytrac, Vermont has one of the very lowest foreclosure rates in the nation.

As I explain to clients and customers who are looking to buy a home, you cannot take the national news that we see about the Real Estate market and apply it to Vermont. Real Estate markets are very local.

For instance: Vermont has a foreclosure filing rate of 1 in 20,762, compared to our next door neighbor New Hampshire whose rate is 1 in 523, and New York's rate of 1 in 1737. Big difference! Be glad you don't have a home in Nevada...that states rate is 1 in 92!

Check out the number of foreclosures by County:















You can get the details on any State by clicking here.

As always, please do not hesitate to call if you have questions or need clarification on anything to do with Vermont Real Estate. I service an area extending about 30 Miles in any direction from Burlington, Vermont. South Burlington, Essex, Essex Junction, Colchester, Milton, Shelburne, Charlotte, Williston, Jericho, Underhill, and a few others. I can definitely find you a great agent for areas that I do not service. Our firm is part of the largest relocation network in the world! Please do not hestiate to call! 802-846-7862.

Sincerely,
David Allaire, CBR, Realtor
www.MyVermontAgent.com