The short-term rental industry is a flourishing business in Rhode Island, specifically in coastal resorts like Newport and Narragansett. Indeed, as of the end of 2021, Airbnb had announced that their hosts in Rhode Island have earned $210 million since 2010. However, with the industry’s growth, it was inevitable that
There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent
If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined
Each year, homeowners planning to make a move are faced with a decision: should you sell your house during the holidays or wait? And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home
Every time there’s a news segment about the housing market, there’s a focus on the home affordability challenges buyers are facing today. Those headlines are usually focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t
There’s no doubt that the market is shifting, but if you’re thinking about selling your house, we have some good news. If you’re wondering if buyers are still out there, know that there are still many people who are searching for a home to buy today – and your house