Considering the unprecedented economic downturn focused on the housing market, VHFA wanted to better understand the values of the homes underlying its single-family mortgages. It’s clear Vermont has among the lowest delinquency and foreclosure rates, but how VHFA-financed properties were faring was important to understand.
The Agency hired a third-party expert in home valuation, First American Core Logic, to provide an unbiased estimate of the value of VHFA’s active single-family portfolio. The results were astounding: