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.