Yes...prices are down, and so are interest rates; additionally, real estate offers tax advantages that most other investments can't offer (i.e. tax deductible interest, etc.). Real estate remains an attractive long term investment - and who wouldn't want to live in such a beautiful coastal community? Jay Readyhough, President - Bay Realty, Ltd.

The economy is doing fine??? RI is officially in a recession. Dont take my word for it, read the reports. Im not saying now is a bad time to buy, I'm just saying watch who is giving you advice...realtors incomes have dropped significantly in the last year and are trying to drum up business. Do your research, and seek unbiased analysis.

All markets are based upon supply and demand. We have relatively little land left in our state and our economy is doing fine. The addition of over 800 jobs in Newport at the Newport Naval Base has a strong effect throughout the area. So relatively low supply and decent demand.

The second home buyer has returned to the market in strong numbers this spring. Our activity is up significantly at Open Houses, internet inquiries and sign calls. I haven't seen so many sign calls since 2005. Like politics, all real estate is local. Each market and neighborhood can have positives and negatives based upon the economic situation and your lifestyle. Please contact me for more information.401 846 3800.

Hello Mike,
This is a very good time to buy summer homes almost anywhere in RI. Prices have been pushed down slightly (and they're not likely to drop much further) and, of course, mortgage rates are still low. The market picks up a bit at the end of summer as more people start thinking about coming back next year, so this is a good time to start looking.