Home > Blogs > Jorge Muralles Muralles > Newport Rhode Island Real Estate Market - Rentals and Sales

Rhode Island Real Estate end of the year market update

By Jorge Muralles Muralles

Real Estate Agent with Muralles Real Estate

December 17, 2009 04:35 AM

Rhode Island Real Estate end of the year market update

First all, let me wish happy holidays to everyone, it has been another great year, challenging to say the least, but here we are again, getting ready for 2010.

There are a lot of things to be optimistic about, the tax buyers to home buyers has been extended, first time buyers now qualify for $8,000 and buyers, repeat buyers and move up buyers also qualify for $6,500 tax credit, these tax credits should continue to stimulate the real estate market. Hopefully, as the inventory start to decrease, the price will stabilize; still prices will bring more buyers to the market and values might start to recover.

Click the link below to read more about the home buyer credit:

Home Buyer credit more information

Of course, more has to happen, the state of RI now has the second unemployment rate in the nation; which is causing a big problem, many people are facing foreclosure and this will continue until more employment is available.

For us a Newport Real Estate, it has been a challenging year but we have acquired the education needed to help people with today's situations; we can help our customers negotiating short sales, doing loan modifications and mitigating lost in the whole real estate process.

Feel free to call us with questions or feed back, also visit our websites below for more information and resources.

Follow Our Google Blog

Real Estate Buyer Guide

Real Estate Seller Guide

Click Here for more information

Real Estate services for today's market: We can help you with all your real estate needs, from buying, selling, or renting to avoiding foreclosure, we do it all. Call us with any questions.

We have bilingual real estate agents: English and Spanish

Jorge Muralles
401-855-1335
jorge@locopro.com

Newport Real Estate

1 Commercial Wharf # B1 , Newport, RI 02840
direct: 401-855-1335
cell: 401-855-1335
jorge@locopro.com
www.locopro.com

Re-Blog

Comments(1)

Comment

Show All Comments

Sort:

Ellen Dittman

Watson Realty Corp. - Middleburg, FL

#1 Stop for NE FLA-JAX/OP 904.535.1199 (TEXT OK) r

Hey there! I know you must be enjoying the weather in Newport! We are having a state wide open house here in Florida this weekend. We are hoping the buyers who have not gotten under contract by the end of this month will be able to indeed get under contract and get the credit! Hope all is well with you!

Apr 11, 2010 04:11 AM

Rhode Island Real Estate end of the year market update

Comments(1)

Jorge Muralles Muralles

Real Estate Resources

Recent Posts

Additional Information