Category: Rhode Island

Rhode Island housing market

Rhode Island Housing Market Predictions

Housing trends come and go. Housing markets go through varying patterns, both in price points and who dominates the market. One month it could be a buyer’s market – the next month, a seller’s market. You never know what to expect in a housing market – it can all change quickly. Let’s look at the… Continue reading Rhode Island Housing Market Predictions

Housing Market Predictions for the 2015 Rhode Island Housing Market

Roughly since 2012 onwards, the Rhode Island housing market has been on an upward trend, as home prices were on the up and up and the economy of the United States as a whole strengthened. The 2013 Rhode Island housing market, for instance, proved that the emergence of the new economy, typified by businesses such… Continue reading Housing Market Predictions for the 2015 Rhode Island Housing Market

2013 Rhode Island Housing Market

Rhode Island real estate professionals anticipate Boston´s bustling economy will spur home sales in their state. On Jan. 17, 2013, the Providence Journal reported that ¨executives with commercial real estate firm CBRE said that the Rhode Island market has stabilized and will benefit, ultimately, from continued strength in Boston. “‘New economy’ businesses such as Amazon,… Continue reading 2013 Rhode Island Housing Market

2012 Rhode Island Housing Market

Propelled by low mortgage rates, home sales are beginning to improve in Rhode Island almost five years after the real estate market collapsed. The growing sale of homes is being driven by a combination of lower home prices, low interest rates and housing affordability. Housing prices have been falling since the market hit its peak… Continue reading 2012 Rhode Island Housing Market

Actor Nicolas Cage Sells Estate at $9.5 Million Loss

By Kevin Chiu Movie actor Nicolas Cage sold his Middletown, Rhode Island estate at a loss of $9.5-million as the Oscar winning star of more than a dozen major box office hits suffers massive losses in the real estate collapse. Cage purchased the 27-acre estate for $15.7-million at the height of the real estate bubble… Continue reading Actor Nicolas Cage Sells Estate at $9.5 Million Loss

Home Prices Decline Less in Hardest Hit Markets

By Mike Colpitts Where home prices are still declining they are deflating at a slower rate for the second year in a row, a new Housing Predictor survey has found. The hardest hit markets in the nation, including places in California, Nevada, Arizona, Rhode Island and Florida are experiencing less deflation than in early 2010.… Continue reading Home Prices Decline Less in Hardest Hit Markets

2011 Rhode Island Housing Market

Sluggish home sales and high market volatility leaves Rhode Island’s housing markets in trouble even as the federal government’s Hardest Hit program injects $80-million in cash into the ailing economy. High joblessness and incredibly low home sales volume are hurting the economy, but some under-employed and unemployed workers will get help from the federal government… Continue reading 2011 Rhode Island Housing Market