What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is […]
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Thinking of visiting Providence, RI and wondering what to do?
Fall is the perfect time to come visit Providence, RI. Thinking of heading down to PVD? You are in for one great “ride!” If you are coming down from the north, catching the foliage along 95 can be pretty amazing and as soon as you see the skyline of Providence pop up, I promise you, […]
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Two Reasons Why Waiting a Year To Buy Could Cost You
If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]
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Becoming a Local Leader via Parkbench has been the best decision I have made in a long time. Here is my interview!
Click here to watch my interview! Meet Sarah! Sarah is a real estate professional with Mott & Chace Sotheby’s International Realty. She is the local market expert and community leader for the areas in and around Barrington Rhode Island. Sarah is also one of the authors in the new real estate […]
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5 Reasons Today’s Housing Market Is Anything but Normal
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. […]
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Home Price Appreciation Is Skyrocketing in 2021. What About 2022?
If my recent seller activity here in RI and MA is any indication of overall selling intentions, then I would say that the belief that appreciation will continue to benefit sellers is VERY strong. More and more sellers are lining up to list this fall, with the intention of maximizing on the incredible appreciation rate […]
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Out-of-State buyers are adding to the level of compete for local buyers in RI and beyond
The RI real estate market saw a huge jump in the number of buyers from outside the state in the 2nd quarter. This has been a consistent phenomenon since the onset of the pandemic. Purchases by out-of-state buyers from April to June increased a whopping 69% year-over-year. Where are they coming from? Massachusetts, Connecticut and […]
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Why 2021 is Still the Year to Sell Your House
Home buying intentions are the strongest they have been in 20 years. 75% of sellers feel now is the ideal time to sell a home. That’s quite a powerful dynamic! Toss in a very low inventory of homes and escalated prices and one can understand why our current real estate market here in RI and […]
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