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Fortune Magazine Predicts Rhode Island Real Estate Market Among Hottest In U.S. For 2016

via Fortune Magazine

We’re nearly a decade removed from the peak of the real estate bubble, and the U.S. housing market has finally returned to some semblance of normalcy.

Jonathan Smoke, Chief Economist with Realtor.com put forward his predictions for markets that “are poised for a for substantial growth in prices and sales” next year. He looked at which markets are seeing 60% more listing page views than the national average, and the inventory of which is moving 16 days faster than the national average, and found the following 10 markets can be expected to take off:

  1. Providence-Warwick, RI-MA
    2. St. Louis, MO-IL
    3. San Diego-Carlsbad, CA
    4. Sacramento-Roseville-Arden-Arcade, CA
    5. Atlanta-Sandy Springs-Roswell, GA
    6. New Orleans-Metairie, LA
    7. Memphis, TN
    8. Charlotte-Concord-Gastonia, NC-SC
    9. Virginia Beach-Norfolk, Newport News, VA-NC
    10. Boston-Cambridge-Newton, MA-NH

If you’re looking to buy property in Newport, RI you should check our listing for the Most Expensive Homes in Newport and the Most Expensive Condos in Newport.

Christian Winthrop
Christian Winthrop
Christian Winthrop is a media publisher and journalist and the founder and editor of Newport Buzz, the leading news platform covering Newport, Rhode Island. He is also the creator of Palm Beach Buzz, expanding the same community-focused journalism model to South Florida. A fifth-generation Newporter, Winthrop previously worked in national politics and later as an entertainment producer in New York City before returning home to launch Newport Buzz in 2011.
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