opinion

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


By PBN Staff
Posted 5/1/09

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?

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