Thursday, December 3, 2009

Rhode Island has seen a significant recovery in the real estate market. Our volume of sales is a strong indication of this rebound. While our unemployment numbers are still very high, there is significant job creation slated for this year in certain areas of the state. Our supply is dropping rapidly and there isn't a tremendous amount of available land for new construction. Therefore, appreciation in our real estate market is near, if it hasn't already started. In some markets we are seeing less than a 4 month supply of properties on the market - which would suggest significant appreciation in the short term. With historically low interest rates and low supply, NOW is the time to invest!

The month of November saw a strong number of closings. In fact, it was one of the strongest months in the past 13 years!

Our sales are already 17% above last year and are projected to be on par with 2007.

We are offically "walking out of the woods".

Keep Hope Alive!!

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