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Rhode Island Homes For Sale Why Newport real estate so cheap? http://realestate.yahoo.com/search/Rhode ... DEFINE CHEAP Because the economy in Rhode Island is absolutely horrible .... in fact one of the worst states in the country with high unemployment. Holla, one of the main reasons for Newport Beach real estate prices are declining is the number of distressed properties on the market. Foreclosures, short sales, and estate (LWR) units are a good part of the inventory of the city, and with lower prices industry standard as much as 40% below the figures in the city of course suffer. Of course, the savings come at a price: while you can get Newport Beach property at the best price you'll pay a specialized agent to ensure you do not buy into all the pitfalls (such as liens and title problems ). Posted on June 29, 2010.
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