Sales of new homes fell 12% in July compared to June volumes, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development.

A similar decline occurred for sales of existing homes. According to the National Association of Realtors (NAR), the number of existing homes sold last month dropped 27% from the prior month and 25% from the level a year ago.

VHFA has started listing houses we have for sale on our Web site.

Our friends across the street at Champlain Housing Trust (CHT) were selected by the U.S. Department of the Treasury to receive a $74,000 grant.

The money will go to explore expansion of CHT's lending program.

Our friends at Smart Growth Vermont in Burlington have a new Board of Directors Chairperson. Robin Scheu (top) succeeds founder John Ewing (middle).