Of the 10 largest housing expenditures, by dollar cost, the Low-Income Housing Tax Credit is only 3%, according to an analysis reported by Novogradac yesterday. By contrast, the five largest housing-related tax expenditures combined represent 93% of the ten largest housing-related tax expenditures in FY 2011.
Housing affordability worsens for renters
Despite reports of lower housing prices associated with the recent economic recession, housing affordability has continued to wo
Baby boomers and the echo generation will shape U.S. housing markets for decades
Aging baby boomers will change the housing market in ways that have never been experienced before, according to a new report on demographic effects on U.S. housing markets from the Bipartisan Policy Center.
Help finalize indicators for monitoring housing progress in Chittenden County
Do you have ideas about the best measures of Chittenden County's progress toward sustainability?&
VT's rental vacancy rate drops in 2011
According to annual housing vacancy statistics compiled by the Census Bureau, the estimated statewide rental vacancy rate fell in Vermont from 6.1% in 2010 to 4.2% in 2011--the lowest in the nation, with the exception of Oregon. Nationally, the rental vacancy rate was 9.5% in 2011.
Vermont's owner vacancy rate remained about the same in 2011 at 1.7%. The national owner vacancy rate was 2.5%.
Growing inventory of Vermont homes in foreclosure
Like the rest of New England, 3.8 percent of Vermont's home mortgages were in foreclosure as of December 31, 2011, according to the Mortgage Bankers Association National Delinquency Survey.
Hefty down payment requirements may block creditworthy home buyers
According to a recent study, requiring down payments of at least ten percent is less likely to prevent a mortgage from defaulting than other measures, such as requiring borrower income documentation and prohibiting hybrid adjustable-rate mortgages with “teaser payments”.
Middle America home to the cheapest cities in the country
Most of the metropolitian areas in the United States with the least expensive sales prices for single-family homes in the first quarter of 2011 are in the mid-west, according to a National Association of Realtors study covered by the Washington Post.
Residents gather to start planning for Burlington's future
About 30 Burlington residents gathered at Contois Auditorium last night in the first of a series of public engagement sessions to help plan the future of the city's downtown and waterfront areas.
Number of mobile home lots in Vermont fell in 2011
Updated facts about mobile home parks now available from the Vermont Department of Community Affairs include: