Joseph Del Sesto
Real Estate
Associate Broker
Keller Williams Realty
1170 Pontiac Ave.
Cranston, RI 02920
CELL: 401.942.2348
OFFICE: 401.785.1700
FAX: 401.785.3850
joe@joedelsesto.com
Joe's Blog
Housing Prices and Sales Increase in First Quarter
Date: Thu, Apr 22 2010
by: Joe Del Sesto
According to statistics released today by the Rhode Island Association of REALTORS®, the state's housing market showed strong signs of rebounding in the first quarter. Sales of single family homes were up 8.5 percent from first quarter of 2009 and median price rose 7.2 percent, from $180,000 last year to $193,000 this year. The number of distressed sales decreased to 36 percent of all sales, down from 48 percent the year prior. The price of single family properties not selling through short sale or foreclosure was $225,000.
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FLOOD ASSISTANCE
Date: Sun, Apr 18 2010
by: Joe Del Sesto
Federal-State Disaster Recovery Centers (DRCs) will open in Washington and Providence Counties on Tuesday, April 13, the Federal Emergency Management Agency (FEMA) announced. Hours at both DRC locations are 8 a.m. to 7 p.m. daily.
Washington County Providence County
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SURVEY: AMERICANS PREFER OWNING OVER RENTING
Date: Fri, Apr 09 2010
by: Joe Del Sesto
REALTOR MAGAZINE REPORTS:
DESPITE THE CHALLENGES FACING THE HOUSING MARKET, 65 PERCENT OF AMERICANS WOULD STILL PREFER TO OWN A HOME RATHER THAN RENT, ACCORDING TO A FANNIEMAE NATIONAL HOUSING SURVEY. IN ADDITION, 43 PERCENT OF RESPONDENTS CITE SAFETY AS A KEY REASON TO BUY, WHILE 33 PERCENT ARE MOTIVATED TO BUY BECAUSE THEY PERCEIVE SCHOOLS TO BE BETTER IN NEIGHBORHOODS WHERE MOST HOMES ARE OWNED BY THEIR RESIDENTS. THE SURVEY RESULTS RELEASED TUESDAY SHOW THAT BOTH BUYERS AND RENTERS ARE MORE CAUTIOUS THAN THEY USED TO BE. ABOUT 23 PERCENT OF RENTERS SAY THEY WILL BUY A HOME, BUT LATER THAN THEY ONCE HOPED. A FULL 70 PERCENT SAID THEY BELIEVE BUYING A HOME CONTINUES TO BE ONE OF THE SAFEST INVESTMENTS AVAILABLE. THIS COMPARES TO 74 PERCENT WHO THINK PUTTING MONEY INTO A BANK ACCOUNT IS SAFE. ONLY 17 PERCENT BELIEVE BUYING STOCKS IS A SAFE INVESTMENT. ALSO, 60 PERCENT BELIEVE THAT IT WILL BE HARDER FOR THEM TO GET A MORTGAGE TO PURCHASE A HOME THAN IT WAS FOR THEIR PARENTS.
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TAX CREDIT DEADLINE COMING FAST
Date: Mon, Apr 05 2010
by: Joe Del Sesto
IF YOU ARE THINKING OF GETTING THE $8,000 TAX CREDIT FOR BUYING A HOME, YOU BETTER MOVE FAST. THE DEADLINE TO BE IN A CONTRACT IS SET TO EXPIRE ON APRIL 30, AND TO CLOSE BY JUNE 30TH. IF YOU ARE LOOKING FOR A HOME, IT WOULD BE A SHAME TO MISS OUT ON THE CREDIT BY A COUPLE OF DAYS OR WEEKS. FOR MORE INFORMATION ON THE CREDIT, VISIT MY WEB SITE, SERVICES PAGE.
