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 [...]
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 [...]
Revised Truth In Lending Act Disclosure requirements now in effect
August 18, 2009 by John Abry · Leave a Comment
Mortgage lenders will be subject to new disclosure requirements for mortgage loans under the Federal Reserve Board Truth in Lending Act (TILA) Regulation (Reg Z). The new requirements apply to loan applications filed on or after July 30, 2009 (about two months earlier than originally planned) are complex and compliance will be a challenge for [...]