Updated January 24 at 4:24pm
opinion

Has the housing market in R.I. bottomed out enough for you to jump in?

Posted:

Two reports yesterday showed that the price of a single-family home in Rhode Island fell by about 25 percent over the last year, which resulted in relatively even sales numbers.

It is clear that many people are looking into buying homes, especially those that are the subject of foreclosure or a short sale. But homes involved in distressed sales often require a significant amount of investment to return them to their full potential.

Have home prices fallen enough, and are sellers motivated enough, to entice you into the housing market?

home prices, short sales, foreclosures, distressed sales, homebuyers, 25 percent drop in home prices

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gdurgin@hoganapps.com

Values in the real estate market will go down when the FED realized that it needs to RAISE INTEREST RATES to attract capital into the conventional financial markets.

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