News & Event
By THOMAS V. WARD, Valley Breeze Publisher
CUMBERLAND – It was a solid summer for home sales, say local real estate agents, with many buyers of smaller homes getting into bidding wars and paying higher than asking prices.
But for those thinking of selling their home into this “seller’s market,” they shouldn’t get too excited, say agents. Prices are merely firming up – finally. The go-go days of a decade ago are not coming back, as lenders are more cautious today. Also, the latest year-over-year sales comparisons by the R.I. Association of Realtors back the assertion that home values are improving, but not skyrocketing.
To view the complete article, visit The Valley Breeze
Courtesy of The Valley Breeze
For immediate release: September 18, 2018
Contact: Sarah Dell, 401.871.9048 | email@example.com
Campaign calls on state leaders to invest in more affordable housing funding stream
PROVIDENCE, R.I. (September 18, 2018) – The “Homes RI” campaign was launched today to shine a spotlight on the increased need for Rhode Island to invest in building more affordable homes in cities and towns across the state, and to call on elected officials to pledge their support for more affordable homes.
Home buyers and renters, including low- and middle-income Rhode Islanders, are facing a housing market that simply cannot meet their needs. Soaring costs for homeownership and rent has resulted in both buyers and renters struggling to find any homes that are affordable statewide.
According to HousingWorks RI, in addition to a lack of existing affordable homes, new inventory is not being built to meet the state’s needs. Just 1,226 building permits were issued in Rhode Island in 2016, with only 25% of those for multi-family units.
The “Homes RI” campaign is a joint effort of United Way of Rhode Island and housing and non-profit organizations, including: Housing Network of Rhode Island, Local Initiatives Support Corporation (LISC) Rhode Island, HousingWorks RI, Neighbors 4 Revitalization at the CYC, Rhode Island Community Action Association, R.I. Center for Justice, R.I. Homeless Advocacy Project, Rhode Island KIDS COUNT, Rhode Island Interfaith Coalition, and Rhode Island Coalition for the Homeless.
“A safe and affordable home is one of the most basic needs we have, and it’s evident that too many Rhode Islanders are struggling to find one. So far in 2018, our 2-1-1 call center has received nearly 100,000 requests for housing-related help.” said Anthony Maione, President and CEO, United Way of Rhode Island. “The demand for homes that are affordable in Rhode Island has never been more clear. We must take action.”
In 2016, the Question 7 ‘Housing Opportunity’ bond was passed by voters to provide $50 million for the construction and rehabilitation of more than 800 affordable homeownership and rental housing units across Rhode Island, and to help cities and towns revitalize blighted and foreclosed properties. The bond was estimated to create 1,700 good paying jobs for the state’s building and construction workers, to help local employers attract and retain a strong workforce, and to leverage $160 million in federal and private investment in local communities.
Even with this progress, Rhode Island falls short in comparison to its neighbors, with Massachusetts investing $100 per capita in affordable housing and Connecticut investing $85 per capital in FY2017. Without a consistent funding stream, Rhode Island only invests $5 per capita toward housing. The Homes RI campaign urges greater investment in housing at the state level — an investment that is urgent for Rhode Island families and for a healthy economy.
“Housing that is affordable and safe is critical for all Rhode Islanders. Without it, our children’s education, our seniors’ health, and maintaining our workforce are all at risk,” said Brenda Clement, Director of HousingWorks RI. “The path to economic opportunity begins at your front door.”
The Homes RI campaign will highlight case studies of affordable housing in communities across the state, and will work to build support for greater investment in housing.
For more information on the ‘Homes RI’ campaign, visit www.homesri.org
June 19, 2018
A growing number of developers believe wellness home features are a big pull for buyers. The wellness real estate boom first sought to make office environments healthier, and now it is focusing more on the residential market, according to a new report released by the Global Wellness Institute.
Homes that are designed for wellness usually focus on energy efficiency and sustainable construction first, and then look at wellness programs within the community. Indoor components that can make a home healthier may include natural lighting, air quality, proximity to green spaces, exercise facilities, and nontoxic paints and finishes.
Wellness real estate has grown to a $134 billion global industry, according to researchers at the Global Wellness Institute. The number of wellness-oriented residential, mixed use, and commercial properties has risen 6.4 percent annually since 2015. The Global Wellness Institute predicts that wellness-oriented real estate will continue to grow at that pace through 2022 and reach $180 billion by then. Globally, the U.S. leads the market share in wellness real estate developments.
To view the complete article, visit REALTOR Magazine
Courtesy of REALTOR Magazine
by: Eli Sherman
Monday, June 15, 2020
GoLocalProv News Team
The Rhode Island Association of Realtors announced Monday that while May saw record housing prices in Rhode Island, sales dropped precipitously due to the coronavirus pandemic.
According to RI Realtors, the median price of single-family homes sold in Rhode Island hit a new record last month.
May’s price of $309,500 was the third time in a year that Rhode Island’s median sales price topped the $300,000 threshold.
To view the complete article, visit GoLocal Prov
Courtesy of GoLocal Prov
There were 11,066 homes sold in Rhode Island in 2016, so the 2017 statistics show an increase in sales volume of nearly 2 percent, the association said.
To view the complete article, visit Providence Journal
Courtesy of Providence Journal
By JACQUELYN MOOREHEAD, Valley Breeze Contributing Writer
CENTRAL FALLS – Carmen Catalan says she couldn’t be happier to be home for the holidays this year. She and her family settled into a newly renovated affordable housing unit at 39-41 Knight St. in Central Falls on Dec. 1.
During a Nov. 27 ribbon-cutting ceremony with more than 100 people in attendance, Catalan shed tears of happiness as she stood in her new kitchen, surrounded by family, friends and local officials.
Struggling to put into words how happy she was, Catalan pointed to the front bay window as the spot where she plans to put her Christmas tree.
“This unit is beautiful. I am very happy and feel excited about moving into our new home,” she said. “I feel that making this move is going to be helpful to my family because it is going to be affordable for my family. Having opportunities like affordable housing is needed for all families.”
Courtesy of The Valley Breeze
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