Jonathan Daly-LaBelle, Realtor

07/07/2023

Inventory has remained especially low in Rhode Island. These are conditions that remain extremely favorable for sellers, especially those who may not have a mortgage or already have a place to go and don't need their current home anymore.

' “Recent data indicated that nearly 82% of home shoppers reported feeling locked-in by their existing low-rate mortgage, while around 1 in 7 homeowners without a selling plan cited their current low rate as their reason for remaining on the sidelines,” Jiayi Xu, an economist at Realtor.com, said in a release.

Because of that, there is a currently a critical shortage of homes for sale, with year-to-date new listings now 20% behind last year’s pace.'

https://www.cnbc.com/2023/07/06/mortgage-rate-soars-after-strong-economic-data.html

The average rate on the popular 30-year fixed mortgage hit 7.22%, according to Mortgage News Daily.

07/01/2023

RPL's contingent for Thursday's Pride Parade in Wakefield.

06/17/2023

Celebration of this wonderful community!!

SOUTH KINGSTOWN, R.I. (WPRI) — South Kingstown is hosting a parade Saturday to celebrate the town’s 300th anniversary.  The roughly one-mile-long parade is expected to begin at 10:00 a.m…

06/08/2023

More inventory, and housing, badly needed.

Good report.

The U.S. is facing a shortage of affordable houses relative to only a few years ago, and it's hitting cities such as El Paso, Boise and Spokane the hardest.

05/29/2023

Memorial Day parade in Westerly. There are a couple of ceremonies along the route with this one on the bridge over the Pawcatuck River at Broad Street.

Cannon fire. Taps.

As we reflect upon too many losses, may we move toward a world where we can finally say, war no more.

05/28/2023

It was a joyful and festive time last night in downtown Wakefield!! Wakefield RI Festivals Mystic Bowie's Talking Dreads

05/26/2023

05/18/2023

“Roughly half of the country is experiencing price gains,” Yun noted. “Even in markets with lower prices, primarily the expensive West region, multiple-offer situations have returned in the spring buying season following the calmer winter market. Distressed and forced property sales are virtually nonexistent.”..
“The real estate market is a glass half-full, half-empty story for first-time home buyers. A drop in market competitiveness opens the door a bit wider, but the hurdles to entry are still quite high for first-timers who don’t have existing home equity to leverage for a down payment,” said Danielle Hale, chief economist for Realtor. com.

Sales of previously owned homes fell 3.4% in April from March, according to the National Association of Realtors.

05/13/2023

Wherever I go, the cats find me. Checking out open houses today and walk out of one of them to see this cat trying to figure out if it wants to go for a ride. 😺😂

05/10/2023