2020 began as a promising year for the real estate industry, but nothing out of the ordinary. Then by mid-summer the escape value of an internet-connected home in low-pandemic, riot-free Vermont became recognized nationwide. The landrush was on. At least that’s one way to look at it.
“But all of these new buyers are coming from somewhere. It could be that they are Vermonters buying second homes, or buying single family homes as investments. It could be that there is a surge in apartment vacancies as renters are deciding to buy. But clearly, the most logical reason appears to be that there has been significant out of state activity."
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