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

Coronavirus: Juventus’s Paulo Dybala tests positive alongside girlfriend

first_imgRelatedPosts Italy introduces compulsory virus testing for travellers from France Pirlo not out to copy anyone after Juventus’ comfortable opening win Nigeria records new COVID-19 infections, more deaths as figures rise to 57,242 Paulo Dybala has revealed he is the third Juventus player to test positive for coronavirus. The Argentina international posted a picture on Twitter with his girlfriend Oriana where he confirmed the pair had contracted Covid-19. On Tuesday the Serie A club revealed Blaise Matuidi had coronavirus, becoming the second Juve ace after Daniele Rugani to get the virus. “Hi everyone, I just wanted to inform you that we have received the results for the Covid-19 test and both Oriana and I have tested positive,” Dybala said. “Luckily we are in perfect conditions. Thanks for your messages.” Juventus confirmed the 26-year-old was “asymptomatic and fine” while in voluntary home isolation. “Paulo Dybala has undergone medical tests that revealed a positive result for Coronavirus-COVID-19,” a club statement read. “He has been in voluntary home isolation since Wednesday 11 March. He will continue to be monitored, following the usual regime. He is well and is asymptomatic.”Tags: ArgentinBlaise MatuidiCoronavirusDaniele RuganiJuventusOrianaPaulo Dybalalast_img read more