Rhode Island

The legislation makes a temporary policy that more than 1,500 distressed homeowners have used a long-term legal requirement, according to RIHousing.

The median sales price for a single-family house in Rhode Island hit an all-time high of $333,164 in August, according to the Rhode Island Association of Realtors.

The Rhode Island Association of Realtors said that the number of single-family houses sold in June was down 14.6% from the same month a year ago.

The Rhode Island Association of Realtors reports that single-family home sales in the state actually rose slightly year-after-year in March, despite the onset of the coronavirus crisis.

Rhode Island's housing market cooled a bit in February, as the median sales price remain unchanged from the same month a year ago, but the number of sales fell, and houses lingered on the market a week longer before selling.

Sales of single-family houses in Rhode Island dropped 15.6% in December from the same month a year ago, the Rhode Island Association of Realtors said.

The number of single-family homes sold during the third quarter declined 6.7% from the same three-month period a year ago, while the median sales price rose 3.8%, according to the Rhode Island Association of Realtors.

The Providence, R.I., company reported a 27% gain in profits thanks partly to a boost in fee income from its purchase of Franklin American Mortgage in August.

Although the number of sales slowed, Rhode Island's median house price for the second quarter, $280,000, was the highest quarterly price in 11 years.

While all cities show signs of healthy mortgage competition nationwide, some areas have higher concentrations of lender activity but also face varying degrees of competitiveness based on loan type, according to LendingTree.

Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time when higher interest rates have put a damper on refinance volume.

Former boxing champion Vinny Paz apparently won a reprieve on the auctioning of his Warwick house.

Attorney General Peter F. Kilmartin joined housing advocates — as well as the mayors of Providence, Pawtucket and Warwick — to urge the General Assembly to extend the state's Foreclosure Mediation Act, set to expire on July 1.

Historically low inventory pushed up Rhode Island's median home price by 9% in January, and the diminishing supply is hindering sales, which fell by 9%.

The West maintained its lead with the country's highest overall growth rate, though there may be signs that it is faltering.

Foreclosed and abandoned properties that had become magnets for criminal activity in Providence's Olneyville neighborhood were targeted for inclusion in Amherst Gardens, ONE Neighborhood Builders' newest development.

For families with household incomes below $50,000, the improving housing market in 2016 meant rising prices, and fewer homes and apartments they can afford to rent or buy, according to a report from HousingWorks RI.

As distressed inventory dries up and home prices soar, more investors are borrowing to buy flip houses. Here's a look at the 12 states with the largest share of financing for flipping houses.

After months of increasing sales and declining inventory, Rhode Island's housing market experienced a 4% sales dip in July, but strong demand pushed the median house price up by nearly 3%, to $270,000.

A new, affordable, two-family home will be built in Central Falls, R.I., replacing a blighted six-unit multifamily property that has been demolished.