Vermont's econonomy outperformed the U.S. during the past 12 months, with tax revenues that exceeded projections by 2.5%. Nevertheless, state economists cautioned the legislature and administration of the risks here in Vermont should national policy makers fail to reach an agreement about raising the U.S. debt ceiling.
Home prices in Vermont will likely continue to decline slightly during the next 3 months, the economic report to the legislature explained. After that, Vermont's real estate market is likely to begin "an extended period of very low price appreciation."