NEWS & EVENTS
Compliance critical at open houses – know the rules
Please be advised, the State of Rhode Island is currently performing random spot audits of open houses to ensure they are being held in compliance with the Rhode Island Phase III Guidelines. THOSE WHO DO NOT COMPLY ARE IN VIOLATION OF STATE LAW AND CAN BE FINED AND/OR NAMED PUBLICLY as other businesses have been. …
FAQ: National Flood Insurance Program Expires September 30, 2020
What is the issue? NFIP’s authority to provide flood insurance is currently scheduled to expire on September 30, 2020. NAR is making every effort to secure a long-term reauthorization of the program. Here are answers to frequently asked questions about what this means for upcoming closings and several proactive steps your clients can take in …
CRS Week 2020 Offers Complimentary Webinars
CRS Week Celebrates the Power of the Designation No one is leading the way in the real estate industry quite like Certified Residential Specialist (CRS) Designees. Designation Awareness Week is a grass roots and national event designed to celebrate the success of CRSs and raise awareness to the prestigious CRS Designation by offering all agents …
COVID-19 MA Travel Restrictions for Rhode Islanders
August 11, 2020 – With the recent spikes in COVID-19 in Rhode Island, what does that mean for REALTORS®, appraisers, and customers and clients who want to cross state lines to Massachusetts for showings, closings and other activities? The State of Massachusetts requires anyone who enters the state from Rhode Island or other states with …
RECENT MARKET TRENDS
R.I. Median Home Price Rises for 43rd Consecutive Month in August
Warwick, R.I. – September 16, 2020 – The Rhode Island Association of Realtors reported a double-digit increase in the median sales price of single-family homes in August, marking the 43rd consecutive month in which the median price of monthly sales rose or stayed the same from the previous year. At $333,164, the median price in …
Median price of R.I. single-family homes sees double-digit increase in July
Warwick, R.I. – August 17, 2020 – Rhode Island’s median home sale price typically hits an annual peak over the summer months and this year has been no exception. Sales data released today by the Rhode Island Association of Realtors show that the median price of single-family homes sold in July rose to $331,825, an 11.5 percent …
Median price of R.I. single-family homes tops $300K in the second quarter
Warwick, RI – August 12, 2020 – Today, the Rhode Island Association of Realtors released second-quarter sales data from its subsidiary, State-Wide Multiple Listing Service. While property sales were down considerably given the statewide shutdown during the second quarter, the median price of closed sales continued to rise. At $303,750, the median price of single-family homes topped …
Pandemic impact on sales diminishing in R.I.’s housing market
Warwick, R.I. — July 15,2020 — While Rhode Island’s single-family home sales dropped 14.6 percent year-over-year in June, the decline was a significant improvement to the prior month when sales fell by more than 30 percent compared to 12 months earlier. A review of month-to-month sales data from the Rhode Island Association of REALTORS also portrayed …