Rhode Island Association of Realtors

Business
10:05 am
Thu September 25, 2014

August Home Sales Dropped In Rhode Island

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.

The Bottom Line
3:11 pm
Fri March 7, 2014

The Bottom Line: Why More Homes Are Selling For More In RI

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment The Bottom Line.

This week Dave and Mark talk with Bruce Lane, president-elect of the Rhode Island Association of Realtors. They discuss rising home prices in the state, the impact this bad winter has had on home sales and how the housing market affects the local economy.

 

 

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

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Real Estate
1:45 pm
Tue January 7, 2014

Most Significant Decline In Rhode Island Home Sales In Over Two Years

The Rhode Island Association of Realtors says home sales were down eleven percent in the state during during November as compared to 2012.

The Realtors' Association says the decline in sales was the most significant lull in the past thirty months.

They say sales were likely down thanks in part to the federal government shutdown in October, and rising interest rates.

However, the median home price in Rhode Island was up three percent at $201,000.

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RI News
9:02 am
Wed November 27, 2013

Home Sales Surging Back In Rhode Island

Home sales have surged back in Rhode Island.
Credit Courtesy RI Housing

October was another good month for home sales in Rhode Island.

The sale of single family homes in Rhode Island rose 19 percent between October 2012 and October 2013. During the same time frame the median price rose from $200,000 to $204,000.  Sales of condos rose 11 percent over the year and the median price is up 17 percent.

Rhode Island Association of Realtors president Robert Martin said growth in the housing market is slow and steady with no negatives.

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Business
9:02 am
Mon October 14, 2013

Government Shutdown Creating Some Obstacles For Homebuyers

The partial government shutdown is proving to be a problem for some American home buyers.  Most lenders require income verification through the IRS.  The verification requirement is problematic because most IRS functions have been suspended.  

Victoria Doran, president of the Rhode Island Association of Realtors, says it hasn’t caused a logjam yet but will if the government shutdown continues much longer.

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