Vermont’s real estate market continues to struggle, but not as badly as those in most other states, Kavet and Carr said. Housing prices in Vermont in the third quarter of 2011 were 2.9 percent lower than the same quarter in 2007, but in Nevada they were down 50.8 percent.
Kavet included a chart showing housing prices had fallen during the same period 20 percent in Rhode Island and 14.3 percent in New Hampshire.
“Vermont is leading among the New England states in not having a decline in our real estate values,” Shumlin said. “That’s because we don’t speculate with irrational exuberance as states like Nevada and California and others have done.”
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