There is growing uncertainty about the future of the national and Rhode Island residential real estate market.
Locally, every month has seen double-digit year-over-year increases in prices. Now, the median price of a single-family home in Rhode Island is
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Nelson Taylor, Mott & Chace on GoLocal LIVENelson Taylor of Mott & Chace’s Blackstone Team says he has never seen a real estate market like this.
The combination of lack of inventory, low interest rates and out-of-state buyers is pushing real estate prices up and up said Taylor on GoLocal LIVE on Wednesday.
“I’ve been in the business for 20 years and know people who ve been in the business longer than I have and nobody has seen it as this hot of a seller s market since anyone can remember,” said Taylor. GET THE LATEST BREAKING NEWS HERE SIGN UP FOR GOLOCAL FREE DAILY EBLAST