Kerry Park


All Posts from Kerry Park

Market Trends

January housing market remains strong but out-of-state buyer interest wanes

Warwick, RI — February 18, 2021 – Single-family home sales continued to rise year-over-year according to January sales data released today by the Rhode Island Association of Realtors, though at a more moderate rate. The Ocean State saw a seven percent increase in sales compared to January 2020, following four months of double-digit growth. Sales were constrained …

News

There is Unity in Community

As we celebrate Black History Month, let us all work to shed a bright light on housing discrimination and enforce the tenets of the Fair Housing Act — that all people should have equal access to homeownership and the opportunity to build wealth no matter their race, background, religion, sex or other attributes. RI REALTORS …

News

Three Forms to Help You Get Paid

Have you ever been burned by a seller or listing broker who refused to honor a verbal compensation agreement?   Rhode Island law requires a written contract or other form of writing in order to enforce the promise to pay a real estate compensation to a listing broker or cooperating broker.  Use these three RIAR forms …

News

Updates to RIAR Escalation Addendum

Are you confused about how to handle offers and purchase and sales agreements with competing with multiple escalation clauses? The RIAR Forms Committee has added language to the Escalation Addendum to explain that multiple offers with escalation clauses will be compared on the net escalated price of each offer instead of the net base price.  …

News

Special Election: Housing & Infrastructure Bonds

Rhode Island will hold a statewide election on March 2, 2021 to vote on $400 million worth of debt service to pay for projects such as affordable housing, parks and transportation. The Government Affairs Committee will vet the proposals prior to the election and communicate with housing advocates on the merits of the proposal. Here …

Market Trends

R.I. housing market set to see continued strength

Warwick, RI –January 22, 2021 – The Rhode Island Association of Realtors released December and fourth quarter home sales statistics today, which portrayed skyrocketing activity in the Ocean State’s housing market at the end of 2020. The robust market pushed the inventory of single-family homes to new depths, leaving just a 1.4-month supply of homes …

Market Trends

R.I.’s housing market reaches new heights in 2020

Warwick, RI – January 15, 2021 — For obvious reasons, 2020 was one for the record books and housing sales certainly stood out among them. With more single-family home sales than ever before, Rhode Island’s housing market soared despite a worldwide pandemic and historically low inventory levels. Sales statistics released today by the Rhode Island …

News

MLS TIP: Are you listing a new property into “Coming Soon”?

If you’re listing a new property into “Coming Soon” in Matrix, please refer to this checklist first: Do you have a listing agreement executed with the seller(s)? If you are using the MLS Listing Agreement,  complete paragraph 5 with the expected active date. Do you have the Coming Soon form completed and signed? The listing …

November 2020 home sales infographic
Market Trends

REALTORS report surging single-family home sales

Warwick, R.I. – December 17, 2020 – Rhode Island single-family home sales continued to soar in November according to data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service. Closing activity rose 26.4 percent from November of 2019 and the median price of those sales increased 11.4 percent to $323,000. …

News

New NAR DOJ Agreement Regarding MLS Rules

11/20/20: Yesterday, the US Department of Justice filed a new antitrust complaint against the National Association of REALTORS.   NAR and the DOJ have negotiated a settlement agreement. Here are the key points: PROHIBITED CONDUCT NAR and its Member Boards must not adopt, maintain, or enforce any Rule, or enter into or enforce any Agreement or …