Only 1 Month Left to Qualify… Don’t Miss Out on the Tax Credit!
March 29, 2010 by John Abry · Leave a Comment
For those who might be on the fence about taking advantage of the federal home buyers tax credit: Last November, the government expanded and extended the new Homebuyers Tax Credit. According to the program, first-time homebuyers are eligible for a tax credit of 10% of the purchase price of the home, with a maximum credit [...]
Will the $8,000 federal tax credit be extended?
October 21, 2009 by John Abry · Leave a Comment
The market continues to plug along here in Chittenden County. According to the local MLS, as of October 1st, there were 952 homes listed for sale in Chittenden County which is only 33 more than the same time last year. The average time on market was 131 days. The absorption rate (which is the amount [...]
Pending home sales on a record roll
September 29, 2009 by John Abry · Leave a Comment
Contract activity for pending home sales nationally has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a [...]
Burlington Vermont makes another Top 10
September 9, 2009 by John Abry · Leave a Comment
Our beloved Burlington Vermont has made it into yet another Top 10. According to the August 2009 Issue of Backpacker Magazine Burlington came in 8th as “one of the best cities to raise an outdoor kid”. Why you ask? Here’s what they say: Kids can enroll in weeklong wilderness-survival summer camp Healthiest city in U.S. [...]
09.05.09 – Here’s what’s happening in real estate in Chittenden County
September 2, 2009 by John Abry · Leave a Comment
The real estate market activity during this past month is bustling. Our office has had two near record months in a row. First time home buyers are still leading the charge in an attempt to capitalize on the $8,000 federal tax credit which is due to expire this November 30th. So, if you know of [...]
Housing numbers: What they mean to buyers and sellers
August 23, 2009 by John Abry · Leave a Comment
This article was part of a recent broadcast on Real Estate Today. Real Estate Today is a radio show that is produced by the National Association of REALTORS® and broadcast in markets nationwide. The show is designed to open doors for buyers and sellers with critical and credible information on the real estate market. It’s [...]
Future (Holy Cross Road) Bike Path Extension in Colchester, Vermont
After getting a few questions and hearing several rumors about the proposed bike path extension from Porters Point Road to Church Road I decided to make a call to the town of Colchester and was forwarded to the town engineer Floyd Sheesley. According to Floyd the design for the proposed bike path is complete and [...]
Vermont continues to have by far the lowest foreclosure rate in US
July 17, 2009 by John Abry · Leave a Comment
Once again the Green Mountain State stands out from the crowd: “A national rating firm has once again ranked Vermont as having the lowest home foreclosure rate in the nation, based on second quarter and year-to-date numbers. Vermont has both the fewest foreclosures over the first half of the year and the lowest rate as [...]
New Affordable Housing in Colchester
July 14, 2009 by John Abry · Leave a Comment
According to Shelbe Barone at Champlain Housing Trust Brookside Village will bring 42 units of affordable (rental) housing to Colchester beginning (planned) late this fall. Located at 3 Malletts Bay Avenue just over the Winooski city line these townhomes and flats will be situated on a wooded plateau overlooking the Winooski River with a community [...]
New Vermont Capital Gains Tax Changes
June 15, 2009 by John Abry · Leave a Comment
This information could prove very important to anyone currently trying to sell property affected by this change: As the 2009 Legislative session came to a close lawmakers in Montpelier made some changes in tax policy that will significantly impact the real estate industry in Vermont. Specifically a change to the capital gains tax. Currently, and [...]