PROVIDENCE, RI – The data is mixed on Rhode Island home sales, but the news is mostly good for single home sales.
The Rhode Island Association of Realtors reports that home sales were 22 percent higher in July over the same month last year. In addition although the median price was down, it was down just 1 percent. The Association says this means prices are beginning to stabilize.
PROVIDENCE, RI – A new economic report finds there is more grim news on the Rhode Island economy. The business-backed Rhode Island Public Expenditure Council says the state's economic growth slowed significantly in the first half of the year.
The report also says there appears to be no relief in the short term. RIPEC research director Ashley Denault says a low-skilled workforce coupled with uncertainty about continuation of the Bush tax cuts is causing businesses to hold back on hiring.
PROVIDENCE, RI – Gas prices continue to rise in both Rhode Island and Massachusetts, that's according to the weekly survey of gas prices out of AAA Southern New England.
A gallon of regular unleaded jumped seven cents in the Ocean State, now costing on average $3.75 a gallon. That's 21 cents more than what drivers were paying last month, and a nickel above the national average.
PROVIDENCE, RI – This week's "The Bottom Line" is a re-airing of a July 6th interview with Claflin Company CEO Ted Almon regarding federal health care reform. It was recorded just after the U.S. Supreme Court upheld the Affordable Health Care Law. RIPR's Dave Fallon hosts.
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PROVIDENCE, RI – Rhode Island's federal legislators are home getting a firsthand look local businesses. The Department of Environmental Management is reporting that mosquitoes trapped at the end of July tested negative for West Nile Virus and and Eastern Equine Encephalitis. These stories and more on the RIPR Morning News Podcast.
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PROVIDENCE, R – AAA of Southern New England is reporting that gasoline prices jumped up 6 cents this week. The average price for a gallon of self-serve regular will now cost $3-dollars-and-83-cents. That's seven cents above the national average. It's also about a quarter more than the average price of gas in Massachusetts.
PROVIDENCE, RI – The Jamestown town council meets Monday to get an update on plans to build a windmill to furnish the municipality's electrical needs. Some council members are talking about shelving the whole project.
Overwhelmed by the cost of building a two mile transmission line and spooked by the problems Portsmouth's been having with its wind turbine, the Jamestown Town Council may vote tonight to abandon plans for its own wind mill.