Home buyers, sellers, small investors and realty agents are about to get new tools that purport to show where local property values are headed: the first “house specific” monitors for consumers that can track price trends – and forecast them up to one year into the future – on 50 million single-family homes across the country.
Per capita consumer spending in Rhode Island grew 9 percent between 2009 and 2012, signifying improved consumer confidence since the Great Recession but lagging New England and U.S. spending growth for the same period, according to U.S. Bureau of Economic Analysis data released Thursday.
Dee Southerland, broker associate at Williams & Stuart Real Estate, recently received Rhode Island Housing’s Realtor of the Quarter Award for the third time since she became a Realtor in 2004. Southerland is a Providence native whose specialty is assisting first-time homebuyers. She is driven by being able to facilitate individuals with the both exciting and daunting experience of settling into a home for the first time. Southerland is a graduate of LaSalle Academy. She is currently pursuing a CRS certification.
Homebuyers have dramatically increased their use of the RILiving mobile app to get information on properties for sale, with nearly triple the number of searches performed in the first seven months of 2014 compared to the same period in 2013.
Nicole Lagace last year stepped in to lead HousingWorks RI as interim executive director after former Executive Director Nellie Gorbea left. Lagace had spent four years in communications at the research group, developing the organization’s communication initiatives and managing public relations activities, including its annual Housing Fact Book and other special reports.more
The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics.
The cost for a middle-income family to raise a child born last year to age 18 is $245,340, a 1.8 percent increase from the previous year and the smallest jump since the financial crisis, according to the government.
By Alan Bjerga and Kasia Klimasinska Bloomberg News
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