Vermont’s economy presents opportunities in real estate

Vermont’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 real estate in Vermont? Certainly there is a cautious feeling but we are seeing a strong interest in Vermont residential purchases as well as out of state second home purchases as a result of the clear opportunity these times offer for value priced purchases.

As this crisis eases, the unprecedented opportunities currently in the marketplace are becoming very apparent.

Vermont’s economy weakened but stable; new challenges loom