Report Says VT Housing Got More Affordable In 2009

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The author of an economics newsletter says housing was more affordable in Vermont last year than at any time since 2003.

The Vermont Economy Newsletter’s annual analysis of housing costs says that the share of median income needed to finance payments on a "median priced" home in 2009 dropped to 15 percent, thanks to falling sale prices and mortgage rates.

Art Woolf conducted the analysis. Woolf says in his 22 years tracking housing affordability in Vermont, there have been only six years when housing was more affordable than it was last year. He expects affordability to remain constant this year.

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