Updated October 6 at 6:06pm

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If someone offered to buy your house today for the same price you paid for it, would you take the deal?


The S&P/Case-Shiller index of property values registered a larger-than-expected decline for the 12 months ended Oct. 31, totaling 3.4 percent.

While there are signs that the home building industry is starting to see an upswing, it is clear that there are still many homes in foreclosure, as well as more on the way, which are likely to drive down home prices for some time to come.

Homeowners regularly judge the market value of a home against the value they receive from living in it. If you were asked to do that today, would the housing market’s weakness cause you to sell your house despite the value you receive from living in it?


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We have made numerous improvements and upgrades/additions, mading the original price irrelevant.

Tuesday, January 3, 2012 | Report this

You bet. Those buyers would need to be pretty uninformed house hunters. They can buy a house in RI just like mine for 40% less than I paid in 2001. If they want to pay me the 2001 value and overpay me by 40%, I'd accept that gleefully. Then I'd take those gains and buy a house twice as big in a nicer town, since all those houses are selling at depressed prices too.

Tuesday, January 3, 2012 | Report this
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