NEWS & EVENTS
Are you a property owner in RI with vacant units?
The State of Rhode Island is looking for units immediately available for rent across the state to provide safe harbor to vulnerable Rhode Islanders without a home. Landlords and tenants will be supported with rental income. The program will pay market rent reliably on the first of each month. This is a real opportunity for …
Check a Home Inspector License
Is “your” home inspector licensed? Since July 1, 2020, anyone who conducts a home inspection for a home or other residential property located in Rhode Island must be licensed as a home inspector or associate home inspector in Rhode Island. This includes home inspectors who are already licensed in other states like Massachusetts or Connecticut. …
Checklist for Emotional Support Animals: New Federal Guidance
Are you confused about the rules for service and support animals? Are you tired of rental applicants who try to pass off a pet as a service animal using fake credentials from the Internet? People who pretend to be disabled in order to avoid a “no pets” policy hurt others who are actually disabled and …
National Flood Insurance Program Extended for One Year
The U.S. Senate approved a bill September 30th that funds the federal government through Dec. 11; the bill includes a full-year extension of the National Flood Insurance Program (NFIP) and surface transportation funding. The bill, which was passed by the U.S. House last week, now goes to President Trump. He is expected to sign it. …
RECENT MARKET TRENDS
Rhode Island Median Home Price Nears $340K
Warwick, R.I. – October 15, 2020 – Single-family home sales transacted through State-Wide Multiple Listing Service reached a median price of $339,900 in September, the highest monthly median price to date. MLS reported a year-over-year increase in median price of 15 percent and a hike in sales activity of 18 percent. State-Wide MLS is the listing information …
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 …