Found 3 blog entries tagged as Real Estate Market.

2014 was another great year in real estate, not only in the US but here in Newport Rhode Island too.  A booming economy, stock market appreciation and a surprise in the mortgage industry with interest rates returning to low levels instead of rising, were just a few highlights of 2014. Here’s a quick recap of 2014’s Real Estate Market;

US Real Estate Market Conditions

The Case/Shiller Housing Index increased 4.5% Year over Year from October 2013 through October 2014. That’s a drastic slow down compared to the 13.6% increase a year earlier. As anticipated (see last year's recap) the price appreciation slowed down. The slowdown in price appreciation had more to do with the market equalizing, than with rising rates as previously predicted.  2014 was the…

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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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