Tricia Charves


All Posts from Tricia Charves

Market Trends

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 …

Association News

Leaders Wanted: Seeking Candidates for RIAR Office – Apply by June 10th

Real estate offers new opportunities and challenges every day.  The Rhode Island Association of REALTORS® [RIAR] is seeking leaders to help us embrace and navigate those changes. What:   The RIAR Nominating Committee, which is Chaired by RIAR Immediate Past President Dean deTonnancourt, invites you to apply for one or more of the following offices: President-Elect, …

COVID19

Financial & Business Assistance

ASSISTANCE/SMALL BUSINESS LOANS Updated August 11, 2020 Paycheck Protection Program (PPP) Loans SBA will not be able to process any new PPP loan applications after Saturday, August 8, 2020. Learn what you need to know about PPP loans and forgiveness in this new NAR video. PPP Questions: (Last updated 7/27/20) Economic Injury Disaster Loans (EIDL) …

Market Trends

R.I. Housing Sales Remain Active During March

Warwick, R.I. – April 10, 2020 … One month into the widespread effects of the coronavirus pandemic, statistics released today from RI Realtors indicate that despite impediments from COVID-19, single-family home sales rose slightly year-over-year in March and pending sales  – those under contract but not yet closed – dropped negligibly, down .4 percent. The …

COVID19

COVID-19 FAQs for REALTORS: Emergency Unemployment Benefits

Updated 9/12/2020  Updates will be posted as they become available. Please check this page often. Find updated Unemployment Information  on the RI Dept. of Labor and Training’s website at https://dlt.ri.gov/covid19/. FEMA has approved 5 additional $300 supplemental unemployment payments to unemployed Rhode Islanders. Claimants will receive an additional $300 per week for each of the …

COVID19 News

Revised COVID-19 Amendment Now Available

On April 7, 2020, the Rhode Island Association of REALTORS® Executive Committee approved a revised COVID-19 Amendment.  At the time that the original Amendment was written, town and city halls were closing, it was not clear whether critical government and business functions, such as smoke/CO inspections, title searches, closing, and inspections could take place or …

COVID19

COVID-19: Appraisal Updates

HUD, VA and USDA all have protocols in place for exterior appraisals. All three entities announced on Friday, March 27th, the ability for appraisals to be completed based upon exterior-only observations.  This was critical to allow pending sales to move forward, and also critical to allow consumers access to credit with the very low interest …

COVID19

New appraisal guidelines: Best practices for REALTORS

Lenders still want a full appraisal.  However, if it is not feasible for the appraisal to be done (if someone in the home is sick for example) the lender MAY request an exception for an exterior only report.  Appraisers will now be able to do exterior appraisal reports for Fanny Mae loans (the majority of …

COVID19

COVID-19: RI REALTORS® Office/Staffing/Cancellations

RI REALTORS® Office/Staffing: Due to COVID-19, RI REALTORS® has implemented the following measures, based on ensuring the health and safety of our members and staff: RI REALTORS® will be implementing a revised staffing structure until further notice. Please call or email us with any questions or concerns you have regarding meetings, classes or events. Please address …

COVID19

General Federal/State Information

RHODE ISLAND Executive Orders: Face Masks Effective Saturday, April 18, all employees of customer-facing businesses MUST wear a face mask to go into the office or workplace unless an employee can easily, continuously, and measurably maintain at least six (6) feet of distance from others for the duration of his or her work. (Everyone should …