Legal Tip: Dueling Escalation Addenda

The RIAR Escalation Addendum is a tool that lets a buyer increase his/her offer by a set amount to try to outbid other buyers in a multiple offer situation.  But how does it work if multiple buyers competing for the same property decide to use an Escalation Addendum?  Grab some coffee and read the following …

Upcoming Educational Webinars: Your Lisitings, Social Media and Success with SEO!

Thursday, August 6 10am – Your Listing. Your Lead. Your Profile. Take advantage of the free exposure available on RILiving.com and Homes.com. Put a face to your name and attract leads with a call-to-action on your free agent profiles.  Your listings and your agent profile go directly to Homes.com from Rhode Island Association of REALTORS® …

Deadline for Third-quarter Realtor Foundation: RI Grants is August 15th

The REALTOR® Foundation: Rhode Island offers quarterly grants of up to $5000 to non-profit organizations that provide financial and other forms of assistance to Rhode Islanders affected by a personal or natural disaster. The deadline for the third quarter application cycle is August 15th at 5 pm. Since its inception, the Foundation has provided more …

Bias Override: Overcoming Barriers to Fair Housing

The National Association of Realtors® (NAR) and Perception Institute have partnered together to help REALTORS® avoid implicit bias in their daily business interactions. As part of its commitment to addressing racial injustice in America, NAR has begun circulating a new 50-minute training video which offers strategies to override bias in order to convey respect, ensure …

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 …

Stay-at-home order curbs Rhode Island home sales in May

Warwick, R.I. – June 15, 2020 – The median price of single-family homes sold in Rhode Island hit a new record last month. May’s price of $309,500 was the third time in a year that Rhode Island’s median sales price topped the $300,000 threshold. The flip side of that news was a 31 percent decline in sales …

Realtors report effects of pandemic in April’s R.I. housing market

Warwick, R.I. – May 14, 2020 – Roughly two months after the news of the coronavirus spread to the masses, the Rhode Island Association of Realtors shared news of a housing market which began to show signs of the closed economy last month. April home sales data released today show a continued rise in median …

Pent up demand created strong foundation for RI Housing market in first quarter

During the first quarter, Rhode Island home sales and prices rose compared to the prior year, according to statistics released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service. All sectors of the housing market started the year off on a solid foundation due to pent-up demand. That demand …