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All rental properties, units, or rooms that will be listed on a hosting platform, such as Airbnb, Vacation Rental by Owner, etc., and rented for not more than thirty (30) nights, will be required to register with the Rhode Island Department of Business Regulation as a result of a law that went into effect earlier this year.
Second-quarter home sales data released today by the Rhode Island Association of Realtors and its subsidiary, State-Wide Multiple Listing Service, displayed a continued trend of waning sales that started in the third-quarter of last year. Closed transactions fell 14.1% in the second-quarter of this year from the same time in 2021.
The median price of single-family homes sold in Rhode Island hit an all-time high of $430,000 in June. Sales fell year over year for the fifth consecutive month, leading to an increase in supply.
Incentives available for landlords willing to help support households who have been experiencing homelessness.