Burlington Vermont Real Estate: Vermont Has Lowest Foreclosure Rates in the United States in September
According to RealtyTrac, in the month of September Vermont had the lowest foreclosure rates of any state in the country. Our entire state had 17 foreclosures!! Chittenden County lead the way with 4 followed by Windham, Rutland and Franklin Counties with 3 each. There were new foreclosure filings for every 1 in every 18,485 housing units in Vermont in September. Compare that to Nevada 1 in every 118. Arizona had 1 in every 305. Florida had 1 in every 368 and New York had 4,202.
These numbers suggest Vermont was far from being entangled in the mortgage & foreclosure mess besieging many other states.
If you are considering buying a home or condominium in or near Burlington Vermont Real Estate, please give me a call on my direct line at 802.238.5256 or email me to discuss representing you, our current market conditions and your needs/wants in a new home and community. I would be delighted to assist you.
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.