The Burlington Free Press included a story in yesterday's edition headlined "Housing market showing recovery."
Dan McLean writes, "In Vermont, the pace of home sales has quickened in recent months, but sales prices remain below last year's levels."
Sam Falzone celebrates 30 years
Staff gathered this morning to celebrate a milestone in tenure:
Today is the 30th anniversary of Director of Multifamily Programs Sam Falzone joining the Agency.
Congratulations, Sam!
Waterman top originator for Orange County
Don Waterman was named VHFA's top originator for Orange County for FY2009.
Don's with Wells River Savings Bank/Northeast Home Loan in Barton.
Congratulations, Don!
Delinquencies, foreclosures, mortgages outstanding in Vermont
According to the quarterly National Delinquency Survey conducted by the Mortgage Bankers Association, Vermont is faring better than most states in terms of delinquencies and foreclosures.
Only six states have a lower rate of serious delinquency and only 15 have a lower rate of loans in foreclosure, as of June 30, 2009.
This survey is estimated to cover approximately 85 percent of all first-lien mortgages outstanding.
In comparison to all 50 states, only North Dakota has fewer mortgage loans outstanding. No state has fewer VA and FHA loans.
All of the following tables and graphs are based on the results of this survey:
Mortgages Outstanding in Vermont, June 30, 2009