Market Statistics

October 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union   Town by Town market reports are available through the download button or down below!  The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts. Single-family rent prices are increasing rapidly, as demand for single-family housing and inventory constraints forces some …

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September 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union   Town by Town market reports are available through the download button!  Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which …

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August 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union   The booming U.S. housing market has spilled over to the rental market, which has seen demand for apartment and single-family rentals skyrocket this year, as high sales prices and an inadequate supply of available housing have forced many prospective buyers to rent for the foreseeable future. Increased …

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July 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including loan modifications and payment reductions. Borrowers with federally backed mortgages can lock in lower interest rates and extend the length of their mortgages. For borrowers who can’t resume their monthly …

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June 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union School’s out, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low interest rates and limited inventory fueling record high sales prices. May saw the median existing-home sales price exceed $350,000, a 24% increase and …

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May 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at this time last year, and …

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April 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create …

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March 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates. Existing home seller and new construction activity continue to remain below levels necessary to bring the market …

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February 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point …

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January 2021 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units. …

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December 2020 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union. The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for December 2020. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. December is normally one of the slowest months of the year …

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November 2020 Market Statistics

NVBR Market Reports are sponsored by the North Country Federal Credit Union. The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for November 2020. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. November saw the Dow Jones Industrial Average top 30,000 for the …

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