Covid-19 Information
This past Friday, Vermont Governor Phil Scott announced that as of April 20th, real estate services could commence in a limited capacity. While we are excited about this progress, there are still very specific guidelines under which all Vermont Realtors®, Appraisers, and Inspectors must operate. All professional services should be provided in a manner that … Read More
Posted onPall Spera Company supports State of Vermont’s Covid-19 Response
Vermont is a great place to live, now more than ever… We support our state officials, health care providers, and all essential workers. One of the best ways we can do that is by staying home. Therefore, all in-person real estate activities are temporarily suspended in conjunction with Governor Phil Scott’s most recent mandate. We … Read More
Posted onGreater Stowe Year End Market Report
Good News …The real estate market in the greater Stowe area is robust with no sign of slowing down. The only limiting factor is a lack of inventory in all categories. While Stowe & Morristown residential sales were off in units and volume, it was a direct result of inventory, not lack of buyer interest. … Read More
Posted onLooser Credit and Mortgage Changes Make Buying a Home Realistic Again
Home ownership has been out of reach for entry-level buyers for about ten years. New changes backed by the Federal Housing Administration (FHA) will now allow low-risk borrowers to take advantage of some very attractive mortgage rates. Until recently, the FHA would secure down payments as low as 3.5 percent but they have made plans to … Read More
Posted onStowe Luxury Real Estate Trends
There was a recent article in the Stowe Reporter that claims “Million-dollar homes sell at sluggish pace.” We here at Pall Spera Company Realtors, the leader in listings at or above one million dollars in Stowe, Vermont, have a different take on the current market of properties listed at a million dollars and above. We … Read More
Posted onSlopeside with Nick Borelli: Stowe – WCAX.COM
We’ve always felt that Stowe Mountain Resort is a great place for skiing and riding—but maybe we’re a little biased. After all, it’s just down the road from us, calling us like a siren, singing in our ears, “Come ski. Come ride.” But we’re obviously not the only ones who believe Stowe is the place … Read More
Posted onHow Will The Airport Grants Affect Stowe’s Real Estate Market?
The Obama administration and the Federal Aviation Administration have partnered to create a grant program that benefits the Stowe real estate market. These grants, known as the Airport Improvement Program (AIP), help make public airports more accessible so that they thrive and benefit its surrounding community. This stewardship of our local airports boosts Vermont real … Read More
Posted onIs This the Time to Take the Leap?
If you have good credit and a modest down payment, this just may be the best time in history to buy a house in Vermont. For the past two years or so, mortgage rates have been the lowest they have ever been—in history—and rates under 4% for a 30-year mortgage are currently the norm rather … Read More
Posted onRenting Vs Buying
Recently read an article on CNBC that talks about the Buying a home vs renting a home as an investment. Regarding Professor Rich Arzaga comments as to renting vs. Ownership, while renting may appear to be a more efficient use of your money, ownership is clearly the big winner for individuals( most of us) who … Read More
Posted onVermont’s economy presents opportunities in real estate
Vermont’s economy is stable throughout these challenging times. Tom Kavel, economist for the Vermont State Legislature, indicates that the state has put away $60 million in stabilization reserve funds and $30 million in the human services caseload reserve. The state is working on a level funding budget for next year. What does this mean for … Read More
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