Thursday, December 2, 2021


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Tag: Residential Real Estate

Feds to raise ceiling for home-sale appraisals

PROVIDENCE – For the first time in a quarter century, federal banking regulators are raising the minimal price for requiring appraisals on home sales. Beginning...
Home sales fell in September, although the median sale price rose somewhat./COURTESY RHODE ISLAND ASSOCIATION OF REALTORS.

R.I. home sales drop 13% in Sept.

WARWICK – The number of single-family houses sold in Rhode Island dropped by 13 percent in September, but prices increased under steady demand, according...
THE RHODE ISLAND Association of Realtors reports that the median home price of a single-family house in Rhode Island rose 10 percent in May./COURTESY RHODE ISLAND ASSOCIATION OF REALTORS

Prices for R.I. single-family houses rise 10% in May

WARWICK – Home values in Rhode Island jumped another 10 percentage points in May, over 2017, to a median price of $275,000, according to...
THE NATIONAL Low Income Housing Coalition has found a stubborn gap between what renters earn, and how much apartments cost. / COURTESY NATIONAL LOW INCOME HOUSING COALITION

Report finds lack of affordability in rental apartments in R.I.

PROVIDENCE – A newly released report on the affordability of rental housing finds a persistent gap, nationally and in Rhode Island, between what people...
THE PROPERTY at 404 Ocean Rd. in Narragansett has sold for $3.5 million. / COURTESY MOTT & CHACE SOTHEBY'S INTERNATIONAL REALTY

Narragansett oceanside property sells for $3.5M

NARRAGANSETT – The property at 404 Ocean Road has sold for $3.5 million, the highest transaction in the town since 2016, according to Mott...
TOP SALE: Newport’s Seafair at 254 Ocean Ave., purchased in November by television personality Jay Leno for $13.5 million, was the most expensive home sale in the state in 2017. / COURTESY MICHAEL OSEAN

The rest of the world finds value in R.I.’s high-end, coastal...

Once considered a hidden gem for luxury-home offerings, Rhode Island is gaining more attention in the high-end real estate market and attracting a more-diverse...

R.I.’s real estate market gets hotter

In the last week, Rhode Island was treated to good news on the residential and commercial real estate fronts, with one major caveat. In its...
Condo sales rose across Rhode Island in November. Shown above, the Waterplace Condominiums in downtown Providence./COURTESY THE WATERPLACE CONDOMINIUMS

Median price, sales activity rise in R.I. for single-family homes, condos

WARWICK – Single-family home sales in Rhode Island rose marginally in November, while the median price of the transactions climbed nearly 6 percent. The median...

Only the strong survive in R.I.’s merger-mad real estate sales market

Paul Leys in 2000 became co-owner of an independent real estate brokerage named for co-founder Gustave J.S. White, a prominent name in Newport since...
SINGLE-FAMILY HOME SALES in Rhode Island grew 8.6 percent in October, the Rhode Island Association of Realtors said.

R.I. home prices in October up 12.7 percent

WARWICK – The sale of single-family homes rose in Rhode Island in October, as did the median sales price, but a steep decline in...

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