Updated August 28 at 4:28pm
Housing
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Sales of single family homes in Rhode Island continued to increase in July, and median sale prices also rose, according to housing data released by the Rhode Island Association of Realtors. more
HousingWorks RI at Roger Williams University has formed a partnership with the Rhode Island Association of Realtors, allowing the housing policy nonprofit to access more detailed, current data, including real estate listings. more
America’s housing market has been heating up this summer. Purchases of previously owned homes unexpectedly rose in July for a third straight month to reach the highest level since February 2007, figures from the National Association of Realtors showed Thursday. more
New-home construction in the U.S. climbed in July to the highest level in almost eight years, indicating the industry will pick up in the second half of the year. more
An oceanfront estate overlooking the Cliff Walk sold on Monday for $15 million, the most expensive residential sale in Rhode Island in the past two years, according to Lila Delman Real Estate International, which represented the seller. more
The Rhode Island Local Initiatives Support Corp. has been awarded a $500,000 grant from Rhode Island Housing for its Recoverable Grant Fund, a revolving loan fund available to community development corporations for financing early-stage expenses. more
Year-over-year sales of single-family homes in the Ocean State rose 6 percent in May, and pending sales climbed as well, an indication of continued strengthening in the housing market, according to the Rhode Island Association of Realtors. more
Contracts to purchase previously owned U.S. homes rose in May to a nine-year high, indicating recent strength in the real-estate industry will be sustained. more
Rhode Island’s rate of foreclosure starts in the first quarter was highest in New England and fifth highest in the nation, according to HousingWorks RI. more
Rhode Island is not the place to retire if you are rich. more
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