Weekly Real Estate News
Source: Vermont Biz —
The pressures on Washington County’s housing market essentially condense down to affordability and availability.
According to Karen Hatcher, the national vacancy rate is 6.7 percent. Vermont’s is 3.4 percent. Washington County’s is even lower at 2.5 percent.
“So basically, in a nation, where there’s hardly anything to find, in a state where it’s worse, and in the county, it’s worse than that,” said Hatcher, the chief executive officer of Downstreet Housing and Community Development.
Downstreet focuses on housing people across the entire accommodation spectrum, from those who are unhoused, to renters, to first-time homebuyers. It manages more than 500 Affordable housing units with rents at 30 percent of average median income up to 120 percent.
