Newport RI Rental Properties

09/13/2024

🏘️🏘️🏘️
The City of Newport is taking decisive steps to ban short-term rentals! At this week's City Council Meeting, the Zoning Officer, Nick Armor, proposed an ordinance change that would remove 'short-term rental' as an option for allowable business uses in the city's business districts. What does this mean for Newport? Check out the video below or the blog post here: https://www.rhodeislandlistings.com/.../newport-ri-bans.../

09/13/2024

How To Get Your House Ready To Sell

Thinking about making a move? Here are a few general tips on how to get your house ready. You want to focus on things that’ll make it inviting, show it’s cared for, and boost your curb appeal. If you want specific advice to help your house stand out in our local market, let’s connect.



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09/11/2024

Even though affordability is improving, it’s still tight. So, it’s important to take some time early on to talk to a lender about pre-approval.

As part of that conversation, you’ll go over your loan options, what you can borrow, and your monthly payment, so you can gauge what really works for your budget.



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09/10/2024

Join me for an Open House 42 Pequot Middletown!

09/09/2024

How long have you lived in your house? Because if it’s been a while, chances are you have a whole lot of equity built up.

In the last 5 years, home values have gone up by almost 60%. And in 30 years, they’ve more than tripled.

When you sell, you can use the equity that gives you to your advantage. Want to find out more? DM me.



Have questions? Let's Talk!

09/09/2024

09/08/2024

As of September 1, 2024 all Rhode Island Rental Property owners are required to register the property with the RI Department of Health.

Check out the vlog below for links to the registry, a list of FAQs and a list of Rhode Island Licensed lead inspectors.

https://www.rhodeislandlistings.com/blog/ri-rental-owners-mandatory-registration/

As of September 1st, 2024, all rental property owners in Rhode Island must register their property with the Rhode Island Department of Health Registry. This...

09/07/2024

Early Forecasts for the 2025 Housing Market Infographic

Thinking about making a move in 2025 and wondering what you can expect? Here’s what expert forecasts say lies ahead. Mortgage rates will come down slightly. More homes will sell. And prices will rise more moderately. Let’s connect to go over what these forecasts mean for your move and what to expect from our local market in 2025.



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Thinking about making a move in 2025 and wondering what you can expect? Here’s what expert forecasts say lies ahead.

09/06/2024

All Rhode Island rental property owners are required to register their rental properties with the Rhode Island Department of Health and submit a Certification of Lead Conformance.

To Register, use this link: https://www.rentalregistry.ri.gov/

FAQs: https://www.rentalregistry.ri.gov/FAQs/

09/06/2024

Early Housing Market Forecasts for 2025

Thinking about moving in 2025? Here’s what experts say you can expect. Mortgage rates are projected to come down. More homes are expected to sell. And prices are forecast to go up. Let's connect to talk about what this means for your plans to move.



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09/06/2024

Looking for a classic Colonial in Middletown? Look no further! New to the market today a beautiful center hall colonial in the Waunumetonomy neighborhood.
Get more info here: https://www.rhodeislandlistings.com/property/1367797/

09/04/2024

How the Federal Reserve’s Next Move Could Impact the Housing Market

Now that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the job market is slowing down.

Why a Federal Funds Rate Cut Matters

The Federal Funds Rate is one of the key factors that influences mortgage rates – things like the economy, geopolitical uncertainty, and more also have an impact.

When the Fed cuts the Federal Funds Rate, it signals what’s happening in the broader economy, and mortgage rates tend to respond.

As Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), points out: “Once the Fed kicks off a rate-cutting cycle, we do expect that mortgage rates will move somewhat lower.”

And any upcoming Federal Funds Rate...



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Now that it’s September, all eyes are on the Federal Reserve (the Fed).

09/02/2024

How To Avoid These Top Seller Mistakes

Want to avoid making some of the top seller mistakes? The key is working with a real estate agent so you don’t overprice your house or skip necessary repairs. Let’s connect so you can avoid making these costly mistakes.



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08/31/2024

How To Avoid Today's Top Seller Mistakes

Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too? The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate. And the best way to avoid falling into any of these traps is to partner with a trusted real estate agent who knows exactly what to do. Let’s connect so you have someone to lean on for advice.



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Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?

08/30/2024

Wondering if the election is going to have an impact on the housing market? Here’s your answer. Usually, it only has a small and temporary effect.

Sales usually slowdown briefly, but rebound fast.

Prices tend to stay on their current trajectory for your market.

And mortgage rates often trend down in the months leading up to the election.

DM me if you want to learn more.



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08/29/2024

Office Dog for the day!

08/29/2024

https://newportri.rentals/property/382-spring-st-unit1-newport-ri-02840/

Available September 1st for a winter term!
3 bed / 1 bath 1s floor unit

Warner Realty Group Rental Homes and Apartments in Newport, RI

08/28/2024

2025 Housing Market Forecasts: What To Expect

Looking ahead to 2025, it's important to know what experts are projecting for the housing market.

Mortgage Rates Are Projected To Come Down Slightly

Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the course of the next year.

And many experts believe these signs will encourage the Federal Reserve to lower the Federal Funds Rate, which tends to lead to lower mortgage rates.

Expect More Homes To Sell

The market will see an increase in both the supply of available homes on the market, as well as a rise in demand, as more buyers and sellers who have been sitting on the sidelines because of higher rates choose to make a move. That’s one big...



Have questions? Let's Talk!

Looking ahead to 2025, it's important to know what experts are projecting for the housing market.

08/26/2024

Did you know? The supply of homes for sale has grown significantly this year.
Here’s what that growth means:
More options for your move
More negotiation power for you
More likely sellers will make some repairs
More moderate price growth
DM me if you want to talk more about how this benefits you when you buy a home.



Have questions? Let's Talk!

08/24/2024

How Growing Inventory Benefits Today's Buyers

While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal. Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about what rising inventory means for you, let’s connect.



Have questions? Let's Talk!

While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.

08/23/2024

How Growing Inventory Benefits Today's Buyers

Inventory is growing and that means more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about rising inventory means for you, let’s connect.



Have questions? Let's Talk!

08/21/2024

What Credit Score Do You Really Need To Buy a House?

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The trouble is most buyers overestimate the minimum credit score they need to buy a home. According to a report from Fannie Mae, only 32% of consumers have a good idea of what lenders require. That means nearly 2 out of every 3 people don’t.

So, here’s a general ballpark to give you a rough idea. Experian says:

“The minimum credit score needed to buy a house can range...



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When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.

08/19/2024

Thinking about buying a home? It’s important to know how mortgage rates can affect your monthly payment. Because even a slight change in rates can have a big impact.

Overall, rates have been trending down lately. So, this could be your chance to make your move a reality. Send me a message today if you want to talk about starting your search.



Have questions? Let's Talk!

08/17/2024

If you’re thinking about buying a home, there are 3 reasons you may want to make your move this fall.

1) Inventory is growing, giving you more options
2) Newly built homes may be more budget-friendly than you’d expect
3) Mortgage rates have come down from their peak last October

Want to talk about what this means for your move? DM me.



Have questions? Let's Talk!

08/16/2024

Reasons To Move in Today’s Shifting Market

You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information.



Have questions? Let's Talk!

08/14/2024

The Great Wealth Transfer: A New Era of Opportunity

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades.

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes.

Impact...



Have questions? Let's Talk!

In recent years, there’s been a significant shift in how wealth is distributed among generations.

08/12/2024

Are There More Homes for Sale Where You Live?

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.

As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”

While we’re up by almost 37% year-over-year...



Have questions? Let's Talk!

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

08/10/2024

Home Inspections for Sellers: How To Prepare

Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.



Have questions? Let's Talk!