Plan to replace cesspools within 12 months after closings planned for January, 2016
Wednesday, October 07, 2015
Plan to replace cesspools within 12 months after closings planned for January, 2016 - Warwick, RI UPDATED 10-7-15...Legislation was approved during the last legislative session that will require property owners to replace cesspools with a septic system, denitrification system where required, or other type of on-site wastewater treatment system - or connect to sewer where available - within 12 months of the sale or transfer of real estate.
ALERT: Sophisticated Scams Targeting Real Estate Transactions in RI
Wednesday, October 07, 2015
ALERT: Sophisticated Scams Targeting Real Estate Transactions in RI - Warwick, RI, October 1, 2015…A Rhode Island real estate broker has reported a particularly sophisticated wire scam. A scammer hacked an agent’s email, monitored transaction information and then sent emails using the agent’s email address to buyers instructing them to wire funds to the broker’s escrow account.
New Mortgage Procedures in Effect October 3, 2015
Thursday, October 01, 2015
New Mortgage Procedures in Effect October 3, 2015 - Homebuyers take note: On October 3rd, the Consumer Finance Protection Bureau will impose new rules on lenders to protect borrowers from certain last-minute changes to their loan and closings costs. Lenders must provide consumers with a combined loan estimate form with all closing charges, fees and line items three business days before a closing. If the lender fails to do so, the closing must be delayed and the lender may face penalties.
Rhode Island’s Housing Market Solid Near Summer’s End
Monday, September 21, 2015
Rhode Island’s Housing Market Solid Near Summer’s End - Warwick, RI, September 21, 2015…The Rhode Island Association of Realtors reported that single family home sales increased from the prior year for the ninth consecutive month in August, the longest running uptick in sales activity since 2012.
Housing Momentum Remained Strong in July
Monday, August 24, 2015
Housing Momentum Remained Strong in July - Warwick, RI, August 24, 2015... Rhode Island’s single family homes sales increased 14 percent in July from 12 months earlier while the median price of those sales rose 10 percent to $239,000. The monthly housing data released today by the Rhode Island Association of Realtors also show a 16 percent increase in the number of homes under contract compared to the same time period last year.
Realtors Release Sales Statistics Showing Strong Second Quarter in Rhode Island’s Housing Market
Wednesday, July 29, 2015
Realtors Release Sales Statistics Showing Strong Second Quarter in Rhode Island’s Housing Market - Warwick, RI, July 29, 2015... The Rhode Island Association of Realtors released sales statistics today from State-Wide Multiple Listing Service, an association subsidiary which tracks all Realtor-assisted sales. The data relayed a Rhode Island housing market that continues to gain momentum. Home sales activity and median sales prices rose in the second quarter from the previous year.
Number of Single-Family Homes Sold in Rhode Island in June Highest in 16 Years
Monday, July 27, 2015
Number of Single-Family Homes Sold in Rhode Island in June Highest in 16 Years - Warwick, RI, July 27, 2015... According to the Rhode Island Association of Realtors, last month was the most active month in Rhode Island single family home sales in sixteen years, surpassing even the busiest month during the pre-recession housing boom. In June, 1094 existing single family home sales took place, a comparable number to the 1099 sales transacted in June of 1999.
Questions about the tax on short-term private home rentals?
Monday, June 29, 2015
House and Senate approve 8% rental tax - Article 11 of the RI FY 2016 Budget (H 5900 Sub A) requires a homeowner or rental agent to collect an 8% tax (7% sales tax and 1% hotel tax) from each tenant who rents an entire cottage, home, or other residential dwelling for 30 days or less*.
REALTOR Association Responds to House Passage of Tax on Short Term Private Home Rentals
Tuesday, June 23, 2015
REALTOR Association Responds to House Passage of Tax on Short Term Private Home Rentals - Warwick, RI, June 18, 2015 –The Rhode Island Association of Realtors (RIAR) today issued the following statement from President Bruce Lane regarding the proposed tax on short term private home rentals.
Activity Building in Rhode Island's Housing Market
Thursday, May 28, 2015
Activity Building in Rhode Island's Housing Market - Warwick, RI, May 28, 2015…The number of Rhode Island’s single family home sales rose two percent in April from 12 months earlier, while the median price of single family homes sold fell by five percent. April’s moderating market was the result of harsh winter weather in February and March, according to the Rhode Island Association of Realtors, which released April’s Rhode Island home sales statistics today.