"I will provide the best service possible for every client I represent... I will always remember that to have a winning relationship with my clients, we must always have a mutual goal. I will never lose sight that my integrity, loyalty, understanding, accountability and creativity are what make me stand out from the real estate masses."
Nancy Jenkins, CRB, CRS
PRUDENTIAL REALTY MART
120 Kimball Ave., Suite 110
South Burlington, VT 05403 |
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The difference between ordinary and extraordinary--is that something extra.
The housing market is starting to turn here in Vermont, and it looks like the bottom was hit in the fourth quarter of 2007. We are seeing an increase in the number of showings, and homes are seeing offers from local and out of town buyers. The Vermont Economy Newsletter reports that home affordability is likely to improve, and that housing prices will be relatively stable for the next several years. The housing numbers for 2007 show a 28% reduction in the number of housing permits from 2006, the 4th consecutive year of decline. Statewide the number of residential sales for homes fell 15.8% from 2006 levels.
The inventory of available single family homes in Chittenden County as of mid February is 518 and there are 277 available condominiums. There are some fantastic homes available, and with sellers adjusting prices to the current market, some buyers are buying at price levels we have not seen for several years. As the old saying goes, no one rings a bell at the top or the bottom of a market.
Mortgage interest rates have fallen with the 30 year zero point rates in the 5.75% range. With the Federal Reserve cutting rates significantly in the last two months and with more cuts expected, we could see rates in the low 5% range by the end of the year. I have heard from appraisers and loan officers that refinance activity have started again as those with mortgage rates above 7% move to reduce their mortgage payments.
The Nancy Jenkins Scholarship is available to two area graduating seniors going on to college this fall. Make sure that your seniors apply- call my office at 846-4888 or visit www.vt-homes.com and click on the scholarship link.
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Congratulations to
Josepha Austin,
our January
contest winner. |
Now is a great time to buy a home, land or investment property. With interest rates approaching historically low levels, stable house prices and a balanced supply, this could be the best time to buy since 2004. If you are in the market to buy, call us today.
Nancy & The Nancy Jenkins Team
THE 11TH ANNUAL NANCY JENKINS SCHOLARSHIP
We would like to recognize and assist two area high school seniors who would like to continue their education after high school, by awarding two $1,500 scholarships for the 2008-2009 school year.
Students who may not receive scholarships based on skills or academics, but show a strong desire to succeed are highly encouraged to apply.
To apply, please send completed essays and contact information to:
scholarship@vt-homes.com
or by mail to:
NANCY JENKINS CRB, CRS • Prudential Realty Mart
120 Kimball Ave., Suite 100 • So. Burlington, VT 05403
RE: Scholarship |
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TOLL FREE: 888-567-4049