LoveTheEastSide a simple blog created to talk about the issues that impact buyers and sellers on the East Side of Providence

General Real Estate info

Home values rise for first time in 5 years

NEW YORK (CNNMoney) -- Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.

Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter.  http://money.cnn.com/2012/07/24/real_estate/home-values/index.htm?source=linkedin

RIAR News

Home Sales Rebound for 12th Consecutive month

Home sales climb for 12thconsecutive month

Statistics released by theRhode Island Association of REALTORS® today show that sales continued to climbin the Rhode Island housing market in June. With a 17 percent increase fromJune 2011, June marked a full year of increased monthly single family homesales from the prior year. The increase in sales has caused the supply of homeson the market to fall steadily.   Median price fell six percent fromJune, 2011, to $202,500 but rose from $195,000 in May. Pending sales, thoseunder contract but not yet closed, continued to rise for the 13th consecutivemonth. All trends point to a market that is regaining stability. 

 

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