.We still have extremely low inventory & high demand--which is keeping prices up & increasing property values/appreciation. And there's no indication that we are headed into a situation where we would suddenly have so many homes available on the market that prices would tank----that's what happened in 2008. Bad lending practices allowed people who, by today's lending standards, would not be able to buy a home & when the recession hit there was a series of events that occurred: the buyer pool all but dried up; too many people had high debt to income plus not enough savings so if they lost their job they couldn't afford their mortgage or credit card payments & went into foreclosure, too many people panic-sold (feared a crashing market) & because there was low demand the supply of homes skyrocketed (in 2008 the National housing inventory was a 10 months supply vs the 3 months supply we have right now).

I LOVE this new listing that I have in Providence! Hammond Street is a fabulous street to live on---you're in the heart of The West End--just steps from some of the best restaurants, shops, bars, and coffee shops in all of Providence! Yet you're on a tree-lined street with a mix of condos, single family homes, and a few multi-family properties---most are primarily owner-occupied. There's a real sense of community on this street in particular!