Forbes Magazine names Cranston RI as one of the Nation's most stable housing markets

Forbes Magazine recently declared our own Cranston, Rhode Island as one of the nation’s 20 most stable housing markets. Cranston’s 3.3% gain in home values in 2010 is the biggest increase of any city that made Forbes’ stable housing markets list. The magazine’s results were based on a study of 93 million US homes conducted by, an online real estate marketplace, which focused on cities with more than 10,000 residents that saw robust home sales, low foreclosure rates, and increasing home values for at least three consecutive quarters. Although the Rhode Island housing market has yet to recover from the effects of the last recession, Cranston may now be helping the state’s housing market look a little more promising.