Ginny Gorman Top RI Real Estate Agent
December RI Real Estate News Flash for Clients
Ginny Gorman, RI top coastal real estate agent 401.529.7849
RI Real Estate Services www.RIHouseHunt.com
December 2022 – My Two (Cents) Sense Real Estate E-Newsletter
It’s the season for all good little boys and girls and may you all enjoy those in your lives. With peace and kindness we carry on. So much for the snow here in RI but hold on as January approaches. Yes, those mortgage rates are up and will stay up as the Federal Reserve attempts to control inflation and bring it down. However, the reality is you can not bring inflation down much without causing pain to many in this environment. Unemployment will need to increase to do it. Global inflation rates are an issue too and those economies impact our economic recovery too. The next couple of years will be a challenge to many so just be aware of all your debt levels.
Real estate home inventory remains low, home sale prices are moderating (still many going over asking) but demand remains strong in RI towns. In Washington County all towns show increases in home sale prices over 2021 (which was a strong year) in the 12%-26% range so far through this November (yet housing sales were way below 2021 except in N Kingstown). It has been a strong year in RI real estate but the lack of new lower & moderate priced housing still remains a need for the future of many buyers whether upsizing or downsizing.
Do You Know about HYGGE?
Pronounced hoo-ga by the Danes. Actually there is an Institute of Happiness in Denmark which is interesting in itself since the Danish people are constantly rated one of the ‘happiest’ people in the world. 75% of Danes bike to work everyday, taxes are extremely high like the other Scandinavian countries to care for all and they have strong caring for families & friends. It is an interesting country I would like to spend some time in. Yes, I know the U.S. is unlikely to end up their way ever! I do wonder if they have longer & better lives?
Worthwhile Organizational Hack
The over the door shoe organizers can help you organize any craft, pantry or kids room (think of Legos!). Even kids’ snacks so they can grab them easily, winter gloves, hats & mittens. Everyone seems to have more ‘things’ than storage space and these organizers are cheap and useful. Dollar stores have them!
Hate Doing Any Yard Work?
It is not that I have the crew to enlighten the drudgery for you but some landscaping ideas that will lessen the chores outside. 1) Create a low maintenance outdoor space in the Spring with rocks and blue stone and/or pavers for walkways (maybe a lot if you really do not want lawn), 2) Add a platform deck (composites, ipe & cedar last a long time) so you don’t have to mow that area, 3) If you don’t like taking care of flowers add color to your yard with brilliant pots, bird baths and lounge chairs…and lots of stone. It works. A good time to plan for Spring.
The next time you hear the words….relocate, retire, upsize, buy, downsize, vacation….waterfront home, snowbird, investment property or whatever… I would like you to suggest me to a seller or buyer or give me a call…drop me a line…and let me offer the same great service and real estate guidance that you have experienced to others. Know I have a strong network of good real estate professionals across the country if you are in need elsewhere- so Ask Me! Your referrals are the mainstay of my business and I am always appreciative of them.Wishing you all a safe & healthy Winter.
Call me if I can be of any assistance call me at 401.529.7849 or email me at RiByTheBay@gmail.com. Remember real estate is in my DNA!
May you enjoy the holidays with family & friends…especially de-stress. It is a time for Appreciation and forego the Expectations that hold you back. Enjoy the wonderful moments you have been given in this life time.
Ginny Gorman, Realtor for the RI landscape Newsletter