If the Real Estate catchphrase of 2012 was “interest rates” 2013 will be “inventory”.  So far it’s been a fantastic and frustrating 2013 for us realtors here in Newport, and per the media, we’re not alone.  Inventories nationally are at 13 year lows.  As I mentioned in a blog post back in November, inventory levels were continuing to decrease, pointing towards a renewed seller’s market.  Looking at charts here in Newport County the trend doesn’t seem to be changing.  

inventory levelsThese charts make me think back to my Economics Classes at Saint Anselm College with Professor Romps, specifically about supply, demand and the “invisible hand”.  Prof. Romps was a 6’3” 280lb angry 65 year old man.  It was impossible to fall asleep in his class even at 9am on Friday. In…

2221 Views, 0 Comments

Luxurious Ocean Drive Home at 18 Winans Av, Newport, Rhode Island, 02840 - MLS® #1027978

View the video for this incredible ocean view Cape Cod home on Ocean Drive that includes deeded beach rights on a half acre lot.

Get more information about this Ocean Drive home, or feel free to contact us with any questions you may have.

1914 Views, 0 Comments