real estate prices

Real Estate
1:45 pm
Tue January 7, 2014

Most Significant Decline In Rhode Island Home Sales In Over Two Years

The Rhode Island Association of Realtors says home sales were down eleven percent in the state during during November as compared to 2012.

The Realtors' Association says the decline in sales was the most significant lull in the past thirty months.

They say sales were likely down thanks in part to the federal government shutdown in October, and rising interest rates.

However, the median home price in Rhode Island was up three percent at $201,000.

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Business
9:02 am
Mon October 14, 2013

Government Shutdown Creating Some Obstacles For Homebuyers

The partial government shutdown is proving to be a problem for some American home buyers.  Most lenders require income verification through the IRS.  The verification requirement is problematic because most IRS functions have been suspended.  

Victoria Doran, president of the Rhode Island Association of Realtors, says it hasn’t caused a logjam yet but will if the government shutdown continues much longer.

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RI News
8:29 am
Fri March 29, 2013

Good Signs for Ocean State Housing Market

Rhode Island’s real estate market is roaring back to life. Home prices rose by double digits in February.

If you’ve been holding back putting your home on the market because of depressed prices, it might be time to re-think that decision. The Rhode Island Association of Realtors says home prices rose 12 percent between February 2011 and February 2012.  The median price increased from $170,000 to nearly $190,000. It was the fifth consecutive month of price gains.

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RI News
7:59 am
Thu March 21, 2013

Providence Given Thumbs Down for Housing Investors

Providence has been named one of the most dangerous markets for real estate investors.  HomeVestors of America along with Local Market Monitor has ranked 38 markets as "dangerous"  for those looking to buy homes as rental properties.  Providence ranks number-26 and is the largest city on the list.

HomeVestors President Ingo Winzer says cities with a “dangerous” rating have a combination of high unemployment or weak job growth as well as falling, or weak, home prices.  

Business
5:46 pm
Fri January 4, 2013

The Bottom Line: Surging home sales

(PROVIDENCE, RI) Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

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