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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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Pac-12 in danger of eventual collapse as Big Ten considers further expansion, Big 12 interest looms
The Big Ten’s continued pursuit of four Pac-12 schools is leading to concern that another round of expansion could collapse the Pac-12, industry sources tell CBS Sports. This as Big Ten commissioner Kevin Warren continues to seek an offer from Amazon, or potentially another partner, for additional Big Ten football media rights revenue. An offer deemed substantial enough would likely convince Big Ten presidents that California, Oregon, Stanford and Washington would be valuable additions to the league from the Pac-12. That figure is believed to be less than $100 million annually. If the Big Ten makes such a move, it would almost certainly increase the likelihood the Big 12 is…
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