Vermont Median Real Estate Prices Slipped In Early Winter

first_imgVermont Median Real Estate Prices Slipped In Early WinterMONTPELIER ­ Median prices of single-family homes in Vermont fell a bit in late fall and early winter compared to a year earlier, though the decreases were much less than were seen in many other states, according to the April – May issue of Vermont Property Owners Report. The slight dip came after several years of declining sales volume in Vermont.The median price of single-family primary homes processed by the Vermont Tax Department in the November 2007 through February 2008 period ­ $204,400 ­ was 2.6% lower than in the same time period a year earlier, and 6.6% lower than in the May to August period last summer, the newsletter said.The median price was particularly low in December, then rose above $200,000 again in January and February. Data for sales processed in March indicates the median price has remained level, though this is a time of year when there are relatively few sales processed by the state.The early winter decline in the Vermont median sales price was not as large as occurred elsewhere, partly because Vermont has had less subprime mortgage lending and foreclosure activity than other states. According to the Case-Schiller index of existing-home prices in 20 large cities nationwide, home values in January 2008 were 10.7% lower than in January 2007. In Miami, FL, housing values dropped 19.3% over the same time period.Median prices for single-family homes in Vermont have been rising for many years, but the rate of increase slowed in recent years as sales volume dropped off. In 2004, there were 8,388 single-family primary home sales processed by the state; by 2007, that number dropped to 5,586, a 33% decline.The overall real estate sales volume continued to fall in recent months. In the November 2007 to February 2008 period, the number of property transfer tax returns submitted to the state fell 21.4% from the same time a year earlier. Property transfer tax revenues were off 26.5%.Heavy snows and a falling stock market may have aggravated the late fall and early winter slowdown in real estate activity here. Vermont real estate brokers are optimistic that sales will pick up this spring and summer, since the inventory of properties for sale has grown, sellers are more realistic about asking prices, and there may be some pent-up demand for housing. But increasing talk of a national recession, along with tighter mortgage lending standards, could pose obstacles for real estate sales in the near term.(Vermont Property Owners Report is a Montpelier-based subscription newsletter, founded in 1986, about Vermont and Vermont real estate. For more information, go to www.vermontrealestatetoday.com(link is external), or call 802-229-2433.)###last_img read more

MBB : Syracuse at USF breakdown

first_img Comments Facebook Twitter Google+ Point guardScoop Jardine vs. Anthony CraterJardine had another poor shooting night at Connecticut (2-of-11), but he made some big plays and hit some clutch free throws down the stretch. Crater is playing more than 35 minutes per game for South FloridaShooting guardAdvertisementThis is placeholder textBrandon Triche vs. Jawanza PolandIn a game where he said the halftime feel was like winning the Big East tournament, Triche helped propel Syracuse in the second half against UConn (16 points overall). Poland is shooting 88.9 percent from the free-throw line this season, fourth in the Big East.Small forwardKris Joseph vs. Hugh RobertsonThis is the matchup to watch. Robertson, a long, quick defender, matching up against Joseph. And Robertson can score, too. He has nine double-digit scoring games in his last 12.Power forwardRick Jackson vs. Augustus GilchristAlmost unnoticed at Connecticut, Jackson picked up 13 points and 13 rebounds. He’ll be matched up with Gilchrist, USF’s leading scorer at 12.8 per game. Gilchrist left the team at one point this season because of ‘philosophical differences,’ but he’s back and will be another tough inside matchup for Jackson.CenterFab Melo vs. Ron Anderson Jr.For now, this is Melo’s position. Off his best game of the season, though, will Baye Moussa Keita get the starting nod from Jim Boeheim?CoachJim Boeheim vs. Stan HeathNo competition here, but Boeheim has been outcoached once this season by a young, up-and-coming coach. He needs to make sure his team doesn’t think about Georgetown, Louisville and West Virginia yet.Free throws• South Florida is 1-7 against Syracuse in the teams’ young series, with the only win coming in 2008.• USF is 0-6 against ranked teams this season.Stat to knowRick Jackson has 15 double-doubles in 23 games this season. He’s fifth in the NCAA in rebounding with 11.5 per game.Big number: 36.2The percentage to which Syracuse held UConn on Wednesday, leading SU to its first win in five games. The Orange allowed its opponents to shoot 51.2 percent from the field during a four-game losing streak.Fortune cookie: BullishBeat writer predictionsBrett LoGiuratoSyracuse 74, USF 62It sounds over the top, but with Georgetown, Louisville and West Virginia coming up, this one is a near-must for the Orange.Andrew L. JohnSyracuse 82, USF 67Beating UConn on the road will undoubtedly restore some confidence.Tony OliveroSyracuse 72, South Florida 64The real question here is, will Baye start after his performance at UConn?— Compiled by Brett LoGiurato, sports editor, bplogiur@syr.educenter_img Published on February 4, 2011 at 12:00 pmlast_img read more