Is This the Beginning of Lower Home Prices? With Matt Bates

Median Price Single Family Homes

June 2017

$275K

July 2017

$269K

After 22 months of growth, is Rhode Island finally starting to see a downward trend in prices?  Single Family Home prices have declined 3.7% in Rhode Island from June to August 2017. What is happening? Is the beginning of the end of high home prices? Emilio and Matt Bates from Movement Mortgage talk about how July was the first month in nearly two years to have home values decrease.

Emilio points out that sellers should certainly keep this in mind when pricing their homes!  To learn more about if Emilio and Matt expect this trend to continue, and how this will affect the overall Rhode Island market, be sure to watch the video.

To learn more about Movement Mortgage and the services they provide, follow the link to www.Movement.com.