News

FinCEN, the Financial Crimes Enforcement Network, an arm of the U.S. Treasury, is mandating a nationwide reporting requirement that requires the individuals who own or operate trusts, LLCs, corporations, and other entities, upon “non-financed” transfers of residential real estate to provide personal information that the closing attorney will file with the federal government after the closing to deter  money-laundering.

Rhode Island’s housing market was off to a slow start in 2026, having experienced the lowest single-family home sales at the beginning of the year since 2011. With just 429 homes sold statewide in January, sales activity fell 7.3% from 12 months prior. 

Governor Dan McKee and Housing Secretary Deborah Goddard have announced the Housing 2030 Entry Level Homeownership Program, through which the Executive Office of Housing (EOH) is hereby allocating up to $20 million dedicated to affordable homeownership opportunities for low- to moderate-income households. 

Warwick, R.I., January 22, 2025 – Rhode Island’s housing shortage showed little improvement from December 2024 to December 2025, contributing to sustained price increases. Though the month closed out with a 13.7% increase in the number of single-family homes listed on the market since December of last year, pent-up demand continued to deplete available inventory...

Jan. 13, 2026 Update: CONVEYANCE TIER 2 TAX THRESHOLD INCREASED TO $824,000 IN 2026

The Rhode Island Division of Taxation has announced that the 2026 Real Estate Conveyance Tax Tier 2 threshold, effective in 2026, is $824,000. More information is available in Advisory 2026-01.

Warwick, R.I. – December 18, 2025 – Today, the Rhode Island Association of Realtors released sales data that reflects a slowdown in residential single-family home sales in November compared to 12 months earlier, while median sales price continued to rise. 

Are you ready for short-term rental laws that will go into effect on January 1, 2026? Here’s a recap of new laws that apply to rentals of 30 days or less that are offered on a hosting platform like Airbnb, VRBO, or a brokerage website.

Are you thinking of forming a limited liability company or corporation as a real estate salesperson, associate broker or team?   Before you file, make sure that you comply with these Rhode Island real estate regulations.

When listing properties in the MLS, accurately identifying whether a home is a condominium (condo) or a planned urban development (PUD) is crucial for compliance, marketing, and financing purposes. While the two can look similar on the surface, they differ significantly in ownership structure and legal classification. Check out this brief summary of the differences.

In October, single-family home sales in the Ocean State dropped 6.6% from 12 months earlier and pending sales, a strong indicator of sales activity ahead, dropped 11.4%. The sales data, released by the Rhode Island Association of Realtors showed supply remained unchanged. Based on October’s rate of sales, the current housing inventory would be exhausted in just 2.8 months without any new homes coming onto the market. At $505,000, October’s median sales price rose 4.1% year-over-year.