RI Real Estate Recovery - 02/27/10 10:57 AM
While I firmly believe that areas of the state are recovering nicely and there is significant job creation, other areas of RI are still in trouble and will continue to see declines in values.  Northern RI in general has significant unemployment and oversupply of foreclosures which will continue to have a depressive effect on any recovery for some time to come.
Southern RI is fairing better due to the BRAC or Base Realigment and Closure program. The most recent BRAC report was issued in March of 2005, wherein Newport would receive a net increase of 800 jobs.  This has been whittled … (2 comments)

Rhode Island Real Estate - 02/23/10 07:04 PM
The real estate market in RI continues to recover.  With very little new construction in the past 18 months, our inventory has been reduced dramatically. The first time homebuyer tax credit has significantly increased demand in the low end of the market and, recently, there has been an impressive resurgence in the high end of the market with multiple multi-million dollar properties either under contract or sold!
Our unemployment situation is not good state wide, however, Newport County has seen a nice increase in employment due to the US Naval Base in Newport.  Recently NUWC, Naval Underwater Warfare Center, reported that … (0 comments)

Waterfront in Rhode Island - 02/12/10 08:03 AM
Relax on your waterfront dock, kayak or boat on the saltwater pond or glide out to the bay from your backyard. Private and serene setting on lush landscaped acreage in a desirable peninsula location close to Ocean Beaches, Newport, Providence and one hour from Boston. This home is designed to bring water views into every room in the house. Features include high ceilings, spacious rooms and natural stone fireplaces. First level entertainment and media room with fireplace accessing sloping waterfront backyard. Second level is surrounded by walk out deck and sliders in every room for spectacular sunrise views. Stainless eat in … (3 comments)

Newport RI market update - 02/10/10 11:23 AM
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As New Home Sales See Renewed Activity,Buyer "Wish Lists" Shrink in Size, But Not Quality - 02/07/10 07:48 AM
By John Tarducci, CMP, CRB Senior Vice President New Homes Division www.raveis.com
(from http://blog.raveis.com)
 Emerging from the economic slowdown that began in 2007, the new home construction sales market in the Northeast has turned a corner. Although signs of stabilization vary widely by region, and even by town, there are clear signals that the rate of decline has largely leveled out and is paralleling the turnaround in existing home sales. 
In Connecticut, for example, 2009 building permits should settle in the 3,000 range by year's end. While still far short of the more than 11,000 permits issued in 2005 or the 7,746 … (0 comments)

 
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Arthur Chapman

Newport, RI

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William Raveis

Address: 65 Bellevue Avenue, Newport, RI, 02840

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Rhode Island Real Estate. Information and commentary on the real estate market in RI. We have an office on Bellevue Avenue in Newport, RI and another office on Main Street in Wickford, RI. We are planning expansion throughout the state. William Raveis is the 10th largest real estate firm in the nation and the largest family owned real estate firm in New England. From Manhattan to Maine, we are New Englands real estate company. Newport, Middletown, Portsmouth, Tiverton, Little Compton, Jamestown, North Kingstown, South Kingstown, Narragansett, Charlestown, Westerly, East Greenwick, Cranston, Warwick, Providence, Lincoln, Barrington, Warren, Bristol, Scituate, Coventry, West Greenwich, Richmond, Foster, Glocester, Cumberland, East Providence, Westport,


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