Vermont Home Sales On the Rise Again

Vermont Home Sales On the Rise AgainThe local housing market remains a buyer’s market, but homes are holding their value and selling once again, according to local industry insiders.

The economic collapse that began at the tail end of 2008 popped the housing bubble nationwide. Many homeowners soon found themselves underwater with their mortgages, meaning they owed more on their homes than they were worth. Foreclosures skyrocketed.

Vermont largely avoided that catastrophe. But the sale of homes plummeted, and sellers were unable to unload homes that would have easily sold during the boom years. Bennington-based Realtor Brenda Jones said her sales fell beginning in 2009.

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Authored By Neal P. Goswami – See the Full Story at The Bennington Banner

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