Found 5 blog entries tagged as Rhode Island Real Estate.

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…

4459 Views, 0 Comments


A great 2013 Buying Opportunity in Portsmouth, RI

Everyday RI homebuyers ask, “Should I buy now, or should I wait for a better deal?"  

These days my answer is decisive: “NOW is the time.”  

Coming from a real estate broker, these words can seem like a sales pitch - a canned response suitable for any market.  I am writing today to give you facts to back up my opinion.  I hope, 10 years from now, someone who bought a house after reading this blog will thank me for pushing them over the edge.  I imagine how happy they will be with a 3.5% mortgage on a low purchase price negotiated during one of the strongest buyers' markets of our lifetime.  Ten years down the road they will have significant equity in their home, and this will give them the freedom to…

3911 Views, 0 Comments

As a Rhode Island real estate agent who has recently navigated both ends of FHA backed transactions, I can personally attest to the fact that FHA loans are making a strong comeback as a useful alternative for first-time home buyers and home buyers with less than perfect credit.  My experience as of late has enlightened me to the fact that both industry peeps and consumers alike are often still in the dark about the FHA process and what it means to a sale.  So, I'm here to offer an inside scoop.

Tips for Potentail FHA Borrowers:

1.) There are three FHA loan programs:

1. FHA 203(b) fixed-rate mortgage (15- or 30-year loans)
2. FHA 251 adjustable-rate mortgage
3. FHA 2-1 buy-down loans

2.) To qualify for an FHA mortgage, borrowers must:

22023 Views, 0 Comments

Photo of snow covered home

According to the National Association of Realtors, the number of Rhode Island single-family homes sold last month increased 19 percent from December 2010.  In addition, pending sales - those sales under contract but not yet closed - rose 17 percent from the year prior.   Historically speaking the winter months tend to reflect a decrease in sales overall in Rhode Island, however, these recent statistics have both caught the attention of Rhodes Island’s Realtor President, Jaime Moore and helped shift the debate about listing homes in winter.

"We're happy to see sales rising again of their own accord," said Moore. "People are buying for no other reason than they recognize affordability in the market and that's a good sign. There is no tax incentive or…

2432 Views, 1 Comments

Photo of Hogan Associaes Bellevue OfficeHogan Associates, 129 Bellevue Ave. Newport, RI

I can't believe I'm typing from a desk in the window front of an office overlooking Newport, RI's most famous street, beautiful Bellevue Ave! After a year with Landmark Realty Group of Wakefield, RI, I have made the infamous transition from mainland to island, and I'm happy to report that life on Aquidneck is amazing!!

My name is Stephanie Johnson, and I am a small town girl who has always had a taste for adventure the latest of which has been laying down roots here in the ocean state. Having grown up landlocked in West Rutland, Vermont, population approximately 2,400, I have developed a childlike appreciation for all that Rhode Island and Newport especially, have to offer! Boasting some of the most…

8132 Views, 0 Comments