Whether you are a first-time home buyer or moving into your forever home, purchasing a house is a very complicated process. Luckily, the Providence Real Estate Guy, Jim DeRentis is here to help. Jim knows more than just where to find your perfect home, he can advise on everything from the local housing market to offering guidance during an inspection to helping you reduce your closing costs. Jim is your very best asset to understanding every piece of this complex process. To help you get started, here are five of the best questions to ask: [Read more…]

Following the 2008 crash, Millennials had opted out of buying houses. With economic instability, high unemployment rates, and mortgage regulations, many were unable to purchase starter homes. However, with the upswing of the market, millennials are finally starting to enter the real estate market. Many of these millennials are making up for lost time and skipping starter homes entirely. They are opting for forever homes instead. [Read more…]

An annual study published by Business Insider ranks every state economy in the United States. This year, Providence Business News reports that Rhode Island has jumped from number 33 to number 9 on the list. This major jump is the result of sound economic policies across the state that have led to a turnaround after the recession. [Read more…]

According to the Wall Street Journal, for the first time in 13 years homeownership is up. After the housing market crash nearly a decade ago, this increase in homeownership shows that the market is finally starting to recover. It also shows that the federal government programs to boost ownership worked and the market is back on track. As a result, in 2017, homeownership went from 63.4% in 2016, to 63.9%, a .5% increase over the year. The last time homeownership increased over a year was between the years 2003 and 2004. [Read more…]

Providence, Rhode Island has seen strong home prices in the recent years as well as outstanding appreciation rates while enjoying an improving economy. Appreciation rates within the Providence area continue to track above the national average, and the equity gains, while at the national average, have recovered across most communities from the Great Recession. Real estate price increases are stable and for the most part sustainable. We continue to see a multitude of new buyers as the economy grows along with continued low-interest rates keeping affordable mortgage payments for all types of buyers looking for their next home. [Read more…]