Found 2 blog entries tagged as Market Conditions.

BEFORE

 

Here’s a happy house-flipping story to start your weekend off right. 

Fixer-uppers are not for everyone, but this little gem in Middletown is a Cinderella story worth sharing:

It started with a closing on a sad little house in need of major TLC. It ended 2 months later with a 7-day listing, a full price offer and an exhausted, but happy Seller.

Time and Effort are the life blood of flips. They must look brand new. When they do, people buy them. It’s that simple. If you plan to do it yourself, get ready for some aches and pains. If you do it right, however, the rewards can be great.

Location is key for a successful flip. This one was on the Middletown Newport line near parks, restaurants and coffee shops. Once the location checked…

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Real Estate in Newport RI, much like the rest of the country, had a great year.  But how did Newport fare alongside the rest of the nation?  Here’s where we stand on 2013.  

Nationally and in Rhode Island:

The Case/Shiller National Index, an index of national home prices, experienced a 10.06% increase year over year through September 2013.  That’s the largest 12-month gain since March of 2006!  Rhode Island median home prices appreciated 10.48% with an 18.9% increase in volume! The increase in volume is a strong sign of a strengthening market.   

 Single Families – Newport, RI

 Newport’s median price appreciation lagged behind the national and state average with a price increase of only 2.1%.  That said, Newport dwarfed the rest of the state…

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