"Location, location, location" has long been held as a primary factor in real estate sales. Turns out the same might be said for successful home loans.
New research from Ohio State University reveals low-income homeowners who get their mortgages from a local lender — within 10 miles of their new home — were less likely to default on their loan than borrowers who go with more distant lending institutions.
Chip Sawyer from the Center for Rural Studies (CRS) at the University of Vermont appeared on TV and radio yesterday, talking about the release of the 2010 Census numbers. (See our post from yesterday: "Census: Vermont population up 2.8% over past decade.")
Vermont’s total population is 625,741, according to the first set of data released from the 2010 Census.
This represents an increase of 2.8% from the count in 2000 — a dramatic slowing of the population growth rate compared to the 8.2% growth between 1990 and 2000. Only six states grew more slowly than Vermont between 2000 and 2010.
The Census Bureau released new estimates yesterday that provide information about the characteristics of residents and homes in every Vermont community during 2005-2009.
These estimates are based on the annual American Community Survey (ACS), which asks a sample of Vermonters questions about their home and household members living there.
Here’s a sample of the types of information collected through the ACS:
The Burlington Free Press today published a front page story about the City of Burlington's "Analysis of Impediments to Fair Housing Choice" report.
Writer Joel Banner Baird quotes VHFA Policy & Planning Manager Maura Collins, one of the authors of the report, in the article.
Representatives from VHFA will join people from Burlington Community & Economic Development Office (CEDO) and the Champlain Valley Office of Economic Opportunity (CVOEO) Fair Housing Project (FHP) in presenting the new "Analysis of Impediments to Fair Housing Choice" report to the Burlington City Council.
VHFA staff recently analyzed income data of 5,068 tenants of subsidized rental housing in Vermont. The results confirm Vermont's housing organizations are helping those who are truly in need.
VHFA Executive Director Sarah Carpenter appeared in a news segment aired by Vermont Public Radio yesterday and today about the Agency's low delinquency and foreclosure rates.
VHFA has published "Analysis of Impediments to Fair Housing Choice" for the City of Burlington.
The 50-page report, required by Burlington’s consolidated planning process, was last published in 1999.
Recent analysis of VHFA home loan data shows delinquency and foreclosure rates of VHFA mortgages were considerably lower than rates for Vermont and the nation.
As of June 30, 2010, VHFA home loans that were delinquent by 90 or more days were just 0.94% of all the Agency’s outstanding loans. Vermont’s rate was more than twice as high: 2.05%. The national rate was 4.54%.