6/3/2009 6:07:00 AM
State of the Market for Informed Homeowners and Investors East Side Providence
We were recently asked some questions by a reporter for Personal Real Estate Investor Magazine. Since I noticed I had not posted since February (yes, its been that long) perhaps this interview will make up for it! This will be a long post and in the interest ...
Views: 140
Comment
|
2/15/2009 8:22:00 AM
How the $8000 Tax Credit Helps Home Buyers in Rhode Island
This is a follow-up to my last post on the $7500 tax credit for first time home buyers which has now been revised in the new Stimulus Bill just signed by President Obama. The amount of the credit has been increased to $8,000. Here is how it works: First time ...
Views: 160
Comment
|
2/9/2009 1:13:00 PM
First Time Home Buyers in RI benefit from Tax Credit
While I was conducting open houses this weekend, I had some interesting discussions with first time home buyers and agents about the $7500 tax credit offered by the government. There was a bit of confusion and speculation about the $15,000 credit proposed ...
Views: 334
Comment
|
2/4/2009 9:30:00 AM
Too Many, Too Few. The story of condo sellers, condo buyers on the East Side of Providence.
There was an article published in the Providence Journal yesterday that reported the results of the 4th quarter condo sales for 2008. For closed transactions, the number of sales were down -17.4% and the median price -21.1% from $355,000 to $280,000. Days ...
Views: 559
Comment
|
2/2/2009 6:07:00 PM
Wanted - More Houses Priced under $450,000 on the East Side of Providence
What's selling in the Single Family Market on the East Side of Providence? Well, houses in good condition and priced under $450,000 - that is what's selling. The point is that we have far too much inventory in the upper ends of the market and far too ...
Views: 364
Comment
|
1/28/2009 2:58:00 PM
Year in Review - Single Family Housing on the East Side of Providence
So how did we do last year? The Single Family Housing Market on the East Side of Providence experienced less severe declines than other areas of the State. In fact, for 2008, the Median Price of a Single Family Home was $486,000, up +3.8% over 2007. From the ...
Views: 134
Comment
|
1/20/2009 2:47:00 PM
Should I list My House for Sale During the Winter?
The Case for Listing Your House in the winter I am writing this as I am headed home from Los Angeles, where I spent a week in some of the most beautiful January weather they have seen there in a long time. As I took walks in some of the neighborhoods, the ...
Views: 169
Comment
|
1/11/2009 11:08:00 AM
Should I get my house inspected prior to listing it for sale on the market?
Recently we suggested that a seller who is putting their house on the market in the next few months do a pre-listing inspection. Granted, the house is in great shape, so it came as a surprise that we would recommend this. The current owners wondered whether ...
Views: 99
Comment
|
1/11/2009 11:02:00 AM
At Bottom for Real Estate Prices in Providence Area?
Could Housing be close to a bottom? While I don’t like to overly dwell on National numbers, there was one statistic posted from a credible source I felt worth sharing. Business Week recently reported an interesting statistic from the Case-Shiller Home ...
Views: 99
Comment
|
12/12/2008 9:58:00 AM
Rates at 4 year lows, if you can get them.....
It's a good time for buyers who have waited to purchase property. Rates are now at a 4 year low on 30 year mortgages, averaging 5.47%. The rate has not been lower since March of 2004 when the rate averaged 5.40%. What does this mean? For borrrowers with ...
Views: 108
Comment
|