A hungry Rhode Island real estate market – who’s eating on this food chain? – Emilio DiSpirito
By Emilio DiSpirito , Realtor | Co-Owner, Engel & Völkers East Greenwich and Engel & Völkers Barrington East Bay The best part about living in a country built on capitalism is the fact that there is opportunity, always, for those who seek and work for it. -Emilio DiSpirito Rhode Island is back down to the lowest level of inventory for housing units it has seen. With well under 800 single family homes, 210 condos and 130 one to four unit multifamily homes and interest rates dropping nearly 2 percent since the highest numbers of October 2022, the market is red hot and demand for housing is back. Lines at open houses and bid wars are something we will see in these early winter months. Let’s take a look at the players in this market, who wins, and how I suggest they leverage their positions best. First time home buyers. It’s far from possible to scroll through Instagram or Facebook without seeing reels, posts and ‘lives’ discussing the new RI Housing fi...