Waterfront Home
Relax on your waterfront dock, kayak or boat on the saltwater pond or glide out to the bay from your backyard. Private and serene setting on lush landscaped acreage in a desirable peninsula location close to Ocean Beaches, Newport, Providence and one hour from Boston. This home is designed to bring water views into every room in the house. Features include high ceilings, spacious rooms and natural stone fireplaces. First level entertainment and media room with fireplace accessing sloping waterfront backyard. Second level is surrounded by walk out deck and sliders in every room for spectacular sunrise views. Stainless eat in kitchen, beautiful hardwoods and open floor plan.

Return to Increasing Real Estate Prices?
The demand for real estate on Aquidneck Island has surged this past summer and suddenly we are facing a shortage of supply!  Are we ready to see prices INCREASING in the area soon?  Prices going UP?  Very strange, but a real possibility. Newport County has seen a nearly 30% reduction in values since 2006.  That's a big chunk of the value of your home just vaporizing in the air.  Gone..But recent demand in the under $400,000 range of the market has been very strong.  In fact, we are at 8 months of supply on Aquidneck Island between $300,000 and $400,000.  This short supply could create increasing prices in the area as our demand isn't slo

Newport RI Luxury Real Estate
"RESTHAVEN", Designed by famed American architect, Richard Morris Hunt, this is a rare architectural gem on Bellevue Avenue in Newport, RI.  Expansive living areas, soaring ceilings, exceptionally large kitchen all with nearly 1 and 1/2 acres of prime real estate on Bellevue Avenue.  Just steps from Bailey's Beach! http://arthurchapman.raveis.com/propdetail.asp?KEY=2934274&AGENT=5074&PG=agentproplist.asp&AGT=5074&SITE=agt&OFC=24902    

RI Real Estate - Wait for the Government to extend tax credit???
I wouldn't bet on it.  And even if they do, interest rates will be much higher very soon.  The Fed announced that they will be scaling back the purchases of mortgage backed securities.  This program by the Fed has artificially kept mortgage rates low by providing a funding source for the resale of mortgages.  When the Fed starts to back out of the purchasing, there is no assurance that the private market will jump in.  In this instance, real rates will rise to create the demand for these products on the secondary market.   What does this mean?  If you can now lock in at 5% and take advantage of the tax credit - do it.  Even if