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Nancy Jenkins Shares Local Analysis on Housing Sales, in Burlington Free Press

by Nancy Jenkins, CRB, CRS

Did you see Nancy Jenkins in the Burlington Free Press last Saturday, Jan. 21? 

She appeared in a block quote, next to an AP article titled, "Homes sales up, offering hope for housing recovery," by Derek Kravitz. 

She shared local analysis on why the housing market in Chittenden County has not yet reflected the jump in sales that was seen nationally in December. Here's what she had to say:


"We follow the major markets; we always have. We're two to three years behind Boston and New York; that is what I've seen happening all the time. So that's a good sign if they're moving more houses, we'll be following in their trail."


Click here to read the AP article that appeared in BFP's Saturday print edition.

 

 

BurlingtonFreePress.com, There are some ways to sell your home quickly

by Nancy Jenkins, CRB, CRS
The Burlington Free Press just published an article that provides some helpful tips for getting your home sold quickly. They side column also has some great points for easing the stress of a move. The article as a whole is a good read, some key points to note are; Think like buyers, Price is critical, Curb appeal and Pets, lighting, bathrooms and smells.
 
-Nancy

There are some ways to sell your home quickly

Published: Wednesday, September 12, 2007
By Michael Perrault
Gannett News Service

There are plenty of houses for sale, and they are not moving nearly as quickly as they did during the dot-com boom of 1995-2001. So if you want your house to sell and not sit, here are some tips to consider:

Think like buyers.

“Sellers should view their home from the buyer’s perspective as if they are in the market to buy a home right now,” recommends Carlo Lombardelli, broker associate with Re/Max Real Estate Consultants in Palm Desert, Calif. “That gives sellers a clearer picture as to how their home would compete against the other active homes in the area and in their price range.” (read more)

BurlingtonFreePress.com, Mortgage payments hit hard

by Nancy Jenkins, CRB, CRS
The news of late is all about subprime loans, foreclosures and what the effect will be on the Vermont real estate market. The Sunday issue of the Burlington Free Press had an article which said foreclosures are on the rise, mostly due to an increase in defaults in higher risk subprime loans. What are subprime loans, and why should we care here in Burlington?
 
Simply put, subprime loans are offered to borrowers who may not fit a conventional financing product most buyers use. They may have some credit issues, or maybe income that is not acceptable for conventional loans. The mortgage loan closes at a higher rate (typically 2-4% above conventional rates) and are usually adjustable rate loans. When the loan adjusts, the borrowers payment increases significantly, and can result in difficulty making the increased mortgage.
 
Vermont has one of the lowest percentages of suprime loans versus conventional in the nation per CNN Money. An increase in foreclosure filings does not necessarily mean an increase in foreclosed homes, which remains to be seen. Stay tuned.
 
-Nancy
 
 
 
Mortgage payments hit hard

Published: Sunday, March 25, 2007
By Dan McLean
Free Press Staff Writer

Late mortgage bills are stacking up in an increasing number of Vermont households.

Foreclosures in Chittenden County -- where last year's median-priced home cost $269,900, nearly $64,000 more than the median-priced Vermont home -- jumped 37 percent from 2005 to 2006.

There were 158 foreclosures filed with Chittenden Superior Court in 2006, the highest number filed in Chittenden County since at least 1997, according to County Clerk Diane Lavallee. In January and February, there were 29 additional foreclosure filings, she said. If that pace continues, there will be 174 foreclosures in the county this year. (read more)
Burlington Free Press reports on an article in Country Homes Magazine, that Burlington Vermont is the nations most eco-friendly city. The report used data from U.S. Census Bureau, the U.S. Department of Transportation, the U.S. Department of Agriculture, the U.S. Environmental Protection Agency, the U.S. Green Building Council, and more.  They rated environmental issues such as the use of mass transit, air and watershed qualities, organic farmers and farmers markets. Country Homes magazine has a circulation of over million, so it’s wonderful to see our little city get this great national exposure.
-Nancy

Burlington is nation's most eco-friendly city, magazine says
Published: Thursday, March 8, 2007
By John Curran


The city that has been named among the nation's safest, fittest and most livable has a new claim to fame -- America's most eco-friendly place.

So says Country Home magazine, which ranked Burlington tops among 379 metropolitan areas in a "Best Green Places" survey that rated cities based on air and watershed quality, mass transit use, power use and number of organic producers and farmers' markets. (read more)

BurlingtonFreePress.com, State ranks high in education survey

by Nancy Jenkins, CRB, CRS

Educators encouraged as results come out. In an article published by the Burlington Free Press, on Education Week’s annual Quality Counts report, Vermont has been ranked third behind New Jersey and Massachusetts for academic achievement and ninth on a chance-for-success index.  Results are based on National Assessment of Educational Progress, the federally mandated standardized test.  Richard Cate, Vermont Education Commissioner states, “I think it indicated that we have been and continue to be poised to have a very successful population, a successful work force, all those things – in terms of the people that are coming out of are education system and just society in general.”

To view the report, click here.

-Nancy

State ranks high in education survey
Published: Friday, January 5, 2007
By Molly Walsh
Free Press Staff Writer

Vermont public school students perform near the top nationally and have a relatively good chance of succeeding in life, according to a state-by-state ranking published this week.

The Education Week Quality Counts survey put Vermont at No. 3 for academic achievement, behind No. 2 New Jersey and Massachusetts in the top spot. Vermont was ninth among states on a chance-for-success index that measured demographic, economic and education attainment indicators. Virginia was No. 1 on the success meter and New Mexico was last. (read more)

Burlingtonfreepress.com, Vermont’s Grand List

by Nancy Jenkins, CRB, CRS
The Vermont grand list has been released and a report has been published by the Burlington Free Press.  Some interesting notes: the number of million-dollar properties has more than doubled from two years ago.  And, the total Vermont property value is over $65 billion which includes 338,275 parcels. To read more and to view the report, click here.
-Nancy

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Nancy Jenkins
Nancy Jenkins Real Estate
140 Kennedy Drive, Suite 102
South Burlington VT 05403
802-846-4888
Fax: 802-846-4899