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This post is from my December newsletter CB H&B Realty prepares it!

By
Real Estate Agent with Rossi & Riina Real Estate VT# 082-0007326
Economic Indicators are Positive for 2013

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According to NAR Chief Economist Lawrence Yun, the steady housing recovery is expected to continue over the next few years, barring further tightening of mortgage credit availability or the much discussed "fiscal cliff."


Much of 2012 has looked promising. Nationally, home sales and housing starts recorded notable gains this year compared to suppressed activity over the previous four years. Closer to home, in the Chittenden County market we've seen the median sale price increase 6.7% and the number of units sold up 18%.

The major economic indicators that help drive the real estate market look positive as we plan for 2013: Vermont's unemployment rate continues to lag the national average; median sale prices continue to stabilize or increase in the majority of our local market area; demand outpaces supply, particularly in homes priced under $300,000; and mortgage rates are at historic lows - as of today a 30 year, fixed rate is 3.375% with 0 points, resulting in an APR of 3.394%*.

 

... If you need or want a devoted REALTOR®

call Dana Basiliere @ 802-238-3939 or email Dana@VermontisHome.com

To search homes try my website

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   Dana Basiliere REALTOR®/AGENT ABR, SRES, CNS, CHMS, CNIS

   Opening Doors for Vermonters... with a Personal Touch!  ©

Comments (2)

John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

May the force be with us all for a productive 2013 Dana.  Happy New Year!

Dec 30, 2012 08:16 AM
Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

Well said my friend! Happy New Year!

Dec 30, 2012 08:30 AM