A recent Wall Street Journal article explained five signs that it's time to buy, while this is an article focused on the national market. Much of it resonates with the Stowe area and Vermont market as a whole.
The Stowe area and Vermont reflect several of the signs they explain as a reason to buy.
First, jobs, Vermont has lower unemployment than many other states across the country and growing local industries.
Second, recent sales activity, the Stowe market saw a decrease in inventory during the 1st Quarter 2011 and an increase of sales volume during that time.
Third, mortgage availability, while it's still a process to get a home loan, it is possible and getting easier everyday. More local banks are offering lending and the larger lenders have started to come back into the second home market.
Stowe and Vermont experienced very low foreclosures and have seen bottom of the market come and go. Now is a time to still get good value as a buyer.