As a Realtor in the Killington area, the impact of Biggert-Waters on property values is already evident. On the recent sale of a property in Woodstock, the previous owner paid $1700/year for flood insurance. Under Biggert-Waters, the new owners rates went up to $8800 - a five-fold increase in the premium. A property listed in Chittenden, [...]

April real estate sales remainedlevel with 8 transactions, but declined by nearly 50% comparedthe levels seen in April of 2011and 2012. Of the 8 sales,3 were full-ownership condos,3 were interval units, one was a building lot in Robinwoodand one an auto-service station, formerly known as Habro,on the Killington Road. The full-ownership [...]