Vermont as a Real Estate "safe haven"!

A recently published article notes that Vermont's foreclosure rate is significantly lower than most other states, due largely to the fact that our permitting process for new construction is a bit tougher than other locations. It's frustrating when the times are good, but apparently is saving us now! The article is here, and is worth the quick read. Interest rates are super low and supply is great. I am surprised that more first time homebuyers are not flocking to get the best prices on homes in quite some time. Likewise, if you are selling in the same market you may end up selling at a lower price than you could have a year or two ago, but you are buying lower as well. If you are taking a 5% hit on the sale of your $200,000 home and saving 5% on your purchase of a $300,000 home you are making out quite well it seems.

-Stay warm,
David