Real Estate and You!

Right about now, everyone is talking about how bad the market is. All that really menas is that at this point, buying a house is a great proposition. Interest rates are a bit high, but not so high as to dissuade buyers, and homeowners are anxious to get out of situations where their payments have become more than they can handle. For buyers, this is great news. And if there are buyers, then properly priced properties will sell. At The Dias Team, Joe prices properties to sell.

To put it all in perspective, take a look at this chart and see where RI sits in the forclosure market. In case you can't find us, we are #22- square in the middle of the market. Our real estate market is mirroring the rest of the US.

U.S. Foreclosure Market Statistics by State - July 2006

   Rate                         1 for         %Change           %Change
   Rank  State Name           every #HH    from Jun 2006     from Jul 2005
   --    U.S.                   1,245           5.27             17.62
   39    Alabama                6,396           6.97            -56.52
   26    Alaska                 2,472          69.39            -47.13
   12    Arizona                1,078          -4.74              1.05
   17    Arkansas               1,662         -15.45            -70.45
   15    California             1,218          -0.06            152.90
   1     Colorado                 480           3.11             54.75
   16    Connecticut            1,335          -2.26             84.37
   34    Delaware               4,972         -13.75            115.63
         DC                    91,615         -72.73            -86.96
   6     Florida                  679          25.01            -13.74
   4     Georgia                  658           7.22             14.61
   44    Hawaii                 8,689         140.91            -93.05
   24    Idaho                  2,266          60.00             -5.69
   10    Illinois                 975         -14.66             21.27
   8     Indiana                  759          11.88             37.06
   42    Iowa                   7,608          -2.99            -26.03
   28    Kansas                 2,765           8.22             47.29
   29    Kentucky               3,254          50.28            -25.17
   40    Louisiana              6,427         115.44            -35.89
   49    Maine                 81,487          60.00            -65.22
   41    Maryland               6,532         -29.61            -35.43
   27    Mass.                  2,754         -18.91            142.86
   7     Michigan                 696          25.08             89.21
   33    Minnesota              4,843         -21.36             60.53
   45    Mississippi           14,584          61.11            -71.66
   19    Missouri               1,846          38.95             10.46
   38    Montana                6,151          15.52            -23.86
   36    Nebraska               5,748          21.36            -47.70
   2     Nevada                   533          30.71            220.71
   48    New Hampshire         34,189          77.78            -33.33
   14    New Jersey             1,215          -4.89             36.80
   30    New Mexico             3,883         -62.57            -59.23
   23    New York               2,204         -10.83             10.01
   21    North Carolina         2,078          26.14             16.91
   47    North Dakota          26,333          22.22             57.14
   9     Ohio                     872          -7.67             19.47
   13    Oklahoma               1,091          24.55              4.74
   25    Oregon                 2,414         -56.34             17.32
   18    Pennsylvania           1,765           5.91             37.03
   22    Rhode Island           2,125          80.00           2857.14
   31    South Carolina         3,992         -27.68            -30.87
   46    South Dakota          15,391          31.25             40.00
   11    Tennessee              1,033          -1.29            -47.04
   3     Texas                    614          15.39             29.73
   5     Utah                     660          21.73             21.99
   50    Vermont              147,191         -75.00            -66.67
   37    Virginia               5,939         111.30             45.51
   20    Washington             2,012         -17.43              6.45
   43    West Virginia          8,121          36.84            -58.57
   32    Wisconsin              4,005          61.97             35.61
   35    Wyoming                5,330          -8.70             20.00