I would buy, mainly because we just did last week. We plan to refinance if and when the rates lower. My parents bought at a 18% rate in the 70’s so comparatively 6.49% wasn’t as terrible as it could be. Supply is low so it’s definitely a seller’s market but if you have the right timing you have a fighting chance. Good luck!

Sadly it’s not just RI, we moved from FL last year, sold our house for almost double what we purchased for under two years prior. People will pay so that’s what’s happening, it’ll keep happening too. Our rent is $1,000 more than our mortgage was in FL and our old home was 1000% nicer too. It sucks a lot, I feel like we will never be able to purchase something and not be screwed in the end now.

Newport day on your way out go up Aquidneck and stop at Ragged Island Brewery and then go up to Bristol and stop at Pivotal Brewing and grab dinner at Brick Pizza (also honorable mentions to three other Bristol breweries: Six Pack, Vigilant and Twelve Guns) you’ll have to drive up and back over to Warwick or return back down the island, but totally worth it IMO!