C. C. and Chris Wall Providence RI Real Estate

We were recently asked some questions by a reporter for Personal Real Estate Investor Magazine.  Since I noticed I had not posted since February (yes, its been that long) perhaps this interview will make up for it!  This will be a long post and in the interest of time, I am just going to post our answers as they were asked by the ...

This is a follow-up to my last post on the $7500 tax credit for first time home buyers which has now been revised in the new Stimulus Bill just signed by President Obama. The amount of the credit has been increased to $8,000.  Here is how it works: First time homebuyers are entitled to a tax credit of 10% of the purchase price up to a ...

While I was conducting open houses this weekend, I had some interesting discussions with first time home buyers and agents about the $7500 tax credit offered by the government.  There was a bit of confusion and speculation about the $15,000 credit proposed by the U.S. Senate.  So as of today, here is an explanation of how the current ...

There was an article published in the Providence Journal yesterday that reported the results of the 4th quarter condo sales for 2008.  For closed transactions, the number of sales were down -17.4% and the median price -21.1% from $355,000 to $280,000.  Days on market increased substantially +65% to 141 days.  Not a pretty ...

Here's how we are feeling about the economy after last week: Money is too tight to mention! Normally we have a falloff in real estate sales during November but this year is worst than most.  I sympathize with all sellers who need to sell right now and with buyers who have seen the credit markets dry up.  ...