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Rising interest rates are having a mixed impact on real estate and construction in Vermont
Development carries on on a housing venture in Colchester before this yr. Households are even now advertising, as stock continues to be small, but observers are holding a watchful eye on the markets. File photograph by Glenn Russell/VTDigger The doubling of curiosity premiums about the previous 12 months is impacting building and the true estate current market throughout Vermont in distinct methods. Some observers say the spike is scaring opportunity customers away from obtaining residences. Joe Carelli is among individuals observers. Carelli, president of Citizens Financial institution for New Hampshire and Vermont, explained apps for home loans and refinancings have slowed down appreciably. But the economic system, he added, is…
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Construction aims to smooth car, bike travel through Boundary Channel Drive maze
If your travels have taken you near the Pentagon, you’ve got seen freeway signals for Boundary Channel Push — and on Wednesday, building begins to make the present maze of cloverleaf interchanges less difficult and safer to navigate for drivers, pedestrians and bicyclists. If your travels have taken you in close proximity to the Pentagon in Virginia, you’ve seen freeway symptoms for Boundary Channel Generate — and on Wednesday, design commences to make the latest maze of cloverleaf interchanges simpler and safer to navigate for drivers, pedestrians and bicyclists. A morning groundbreaking of the Boundary Channel Drive at I-395 Interchange Improvement challenge aims to lower vehicle congestion on ramps on…