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Rhode Island Real Estate Article

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Rhode Island Real Estate - The Cozy State

from: Raynor James

Rhode Island is the smallest state in the union. While Rhode Island real estate prices aren't the smallest, the appreciation rate is healthy.

Rhode Island

Located between Connecticut and Massachusetts on the Atlantic Ocean, Rhode Island is a cozy state dominated by water. While a good part of the state is coastline on the Atlantic, the ocean also penetrates into the state in areas such as Narragansett Bay. A beautiful state, Rhode Island has historically been the playground of the affluent and remains so today. Towns such as Newport are populated with over the top mansions that seem to be more a statement of celebrity than wealth. With the turning of the leaves, all of Rhode Island is a beautiful place to be in the fall.

Providence

The state capital of Rhode Island, Providence is a surprisingly large city with a definite New England atmosphere. Built over rolling hills and the meeting of two rivers, walking through the city feels like visiting the early years of our nation. With colonial residences throughout the city, Providence carries a certain traditional atmosphere that is only really broken up by Brown University, an Ivy League university. If you've enjoyed older cities in England, you might find Providence very appealing.

Newport

Newport has historically been the hot spot for the rich on the east coast. The town is littered with over the top mansions and manors that simply have to be seen to be believed. Fortunately, a number of them are open to the public for viewing so you can get a real feel for how the rich played in the past. You'll be able to stroll through such homes as "The Breakers", Cliff Walk and the 70 room Vanderbilt home. Each of the homes are designed to make a major impression on you and they will. For daily living, Newport is a pleasant location, but you'll need a hefty bank account to make it work.

Rhode Island Real Estate

Rhode Island real estate is not exactly the cheapest on the Atlantic seaboard. Prices in Newport can be obscene while Providence homes run in the range of $300,000 to $600,000. In truth, suggesting prices in Rhode Island is a fools game as each location is unique. I can say, however, that real estate appreciates throughout the state with the 2005 average being a health 16.5 percent.
About the Author

Raynor James is with http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to sell your home yourself with a free 1 month listing.

 

Rhode Island Real Estate News

Ex-owner of RI closing co. pleads guilty to fraud - Boston Globe

PROVIDENCE, R.I.— The former president of a real estate closing company has pleaded guilty to spending more than $1.3 million in company money on her personal expenses. Thirty-two year old Angela Raposa, of East Providence, pleaded guilty Monday to ...

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Barbara J. Silvis: Jumpstart Ocean State economy with housing - Providence Journal

AT THE REVENUE Estimating Conference at the Rhode Island State House earlier this month, economists from Global Insight and Moody’s/Economy.com highlighted the central influence that local and national housing trends have had on the Rhode Island ...

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Capital Properties to delist from Amex - Providence Business News

CAPITAL PROPERTIES leases commercial real estate in downtown Providence, much of it in the Capital Center district, above; outdoor advertising sites along highways in Rhode Island and Massachusetts; and a petroleum storage terminal and pier in East ...

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Fitch Rates Rhode Island's $107MM GOs 'AA-'; Outlook Stable - PR Inside

Fitch Ratings assigns an 'AA-' rating to the State of Rhode Island and Providence Plantations' $107,410,000 general obligation (GO) bonds, consisting of $86,875,000 consolidated capital development loan of 2008, series B; $8,500,000 capital ...

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Sinking economy not bad news for all Rhode Island companies - Providence Journal

Chris Broadmeadow, a tow-truck driver for Preferred Recovery and Towing, reads a list of repossession addresses with his boss, business owner Mark Labbe, right. Business has been so brisk for the company that it just added another truck to its fleet ...

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