BRATTLEBORO — Real estate agents across the state have noticed an uptick in land purchases by out-of-state buyers since the COVID-19 pandemic struck the United States.
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Jenifer Prouty Hoffman, principal broker and owner of Hoffman Real Estate in Bennington, has been named the 2021 Realtor of the Year by the South Central Vermont Board of Realtors (SCVBR). SCVBRâs Realtor of the Year recognition is the boardâs highest honor and recognizes a realtor member for outstanding commitment to the real estate industry, and to their clients and community.
âAs SCVBRâs 2020 president, she guided us through uncharted COVID territory with intelligence, passion, and class, all while building a house and opening her own firm,â said Steve Stettler, 2021 SCVBR president. âShe repeatedly steps up to the plate when needed and honors all of us by representing the highest values of a realtor.â
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Like other big issues facing Vermont, the shortage of housing in the Green Mountain State was understood to be a problem before the COVID-19 pandemic hit. In 2019, the state floated a $37 million bond to address that problem.
But the pandemic has worsened the stateâs housing shortage, as prices rise, preventing renters from becoming home buyers and apartment-hunters from finding housing. Itâs affecting employers who must now contend with whether new workers can relocate â from across the state, or across the country.
âWeâre definitely hearing from employers really across the state,â Housing Commissioner Josh Hanford said.