Source: HUD’s U.S. Housing Market Conditions The Housing Market Profile for the Burlington-South Burlington, Vermont metropolitan area is now published in HUD’s U.S. Housing Market Conditions. Please note that there was an editors’ mistake. The population listed in the report should read as the Decennial Census population for the area as of April 1, 2010. For a brief description of the results, read below. The profile talks about shifts in the area’s population, job market and housing market. HUD reports that the number of home and condominium sales are rising above the 2009 levels, but are still below the 2004 levels. The median home price has remained relatively steady for the past years, with slight recent increases. They also said that single-family homebuilding is on a slight increase as well. Although home ownership is on a slight increase, the rental market in the Burlington/S.Burlington area remains tight. The HUD profile sites the reason for this as: “limited new additions to the inventory and growing student demand.” To view the Housing Market Profile, click here: HUD Profile – Burlington-S Burlington VT. In the coming months, there will be a more comprehensive Housing Market Review available. There is also a new Regional page on HUD user: http://www.huduser.org/portal/Regional.html. At this website, you can find Housing Market Profiles for New England metropolitan areas, quarterly regional economic reports, and general HUD information. Within the “Market at a Glance” link, there is a mix of economic data related to the Burlington-South Burlington metropolitan area and to Vermont counties.
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