| Foreclosures in Vermont
Population:
49th largest U.S. State by population, with 621,760 people (2009 estimate). 45th largest state in the country by area, at 9,620 square miles.
Largest city: Burlington
Median income:$52,104 (2008 estimate)
Climate:
Yearly rainfall: 33.7 inches per year
Yearly snowfall: 80 inches per year in Burlington
Temperatures (High/Low) in capital city of Montpelier:
January, 25/7; July, 78/57
Foreclosures:
Foreclosure activity for 2009 increased in Vermont over the prior year. There was a total of 143 properties with filings. That works out to a rate of one filing for every 2178 households, which compares to the United States average of 45, and is one twentieth of one percent of the state’s housing units.
Those figures represent a 4 percent increase over 2008 and a 393 percent increase over 2007.
In 2008 there were about 10,700 existing homes (including condos, co-ops, and single-family homes but excluding new homes) sold in Vermont, compared to about 14,400 sold in 2007.
Economy:
Agriculture accounts for around 12 percent of Vermont's economy, one of the highest percentages in the nation. Dairy farming and dairy products like the famous Vermont Cheddar, are the biggest components of the state's agricultural industry, although it has recently become known for its organic vegetable farms as well. Vermont's manufacturing industry is relatively small, with one company, IBM, accounting for 25 percent of manufacturing employment. Tourism, with an accent on “bed and breakfast” accommodations and ski getaways, is a major part of Vermont's economy.
Noteworthy: Vermont is the United States' leading producer of maple syrup, accounting for about 25 percent of the nation's annual production.
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