The Robert Wood Johnson Foundation has released its annual County Health Rankings, and Rhode Island's counties (Providence in particular) seem to be faring worse than the national average on a few measures, and much better on a few, too.
Eight years since the height of the national foreclosure crisis, Providence faces a plague of vacant houses, blighting neighborhoods. Now the capital city’s new mayor is ramping up efforts to combat the issue. One home on the city's West Side is a success story; it's part of the ambitious plan to create many more in the state capital.
On a cold, sunny morning in March a massive front end loader tears into a tan, two-story home, on Marshall St. on the West Side of Providence. A group of neighbors and passersby watch from across the street.
Homeownership rates for Latinos in Rhode Island are well below the national average. New data show 25 percent of the of the state’s Latinos own their own home, compared the national average of 45 percent. That’s according to study by the Latino Policy Institute, and Housing Works RI. From 2007 to 2013, the cost of home ownership far outpaced incomes for Latinos in the state.
What’s more, the number of Latinos grew by more than 50 percent since 2000, making them the fastest growing population in the state.
The Rhode Island Association of Realtors says home sales dropped again in August.
The average price for a single family home was $218,ooo, down 3 percent from last year. Condominium sales also slowed, but multi-family homes were a bright spot. Prices have climbed 25 percent from last August. Realtors Association President Robert Martin says foreclosures, and short sales have dropped significantly from a year ago. He says that's likely to drive home prices higher in the long term.