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Rhode Island
Among US cities, Providence had fewest homes linger on the real estate market in November, Redfin says – The Boston Globe
Nationally, over half, or 54.5 percent of home listings in November, lingered on the market for at least 60 days, up from 49.9 percent from the same time last year, Redfin reported. The total was the highest for any November since 2019.
Milwaukee, Wis., followed Providence at 38.8 percent, with Montgomery County, Penn., in third at 41.4 percent, according to the report released Monday.
Miami saw the highest percentage of “stale” listings, with 63.8 percent remaining on the market after 60 days, followed by Austin, Texas, and Fort Lauderdale, Fla.
The only New England city besides Providence included in the top 50 most populated metropolitan areas is Boston, which saw a rate of 44.2 percent.
“A lot of listings on the market are either stale or uninhabitable,” Meme Loggins, a Redfin real estate agent in Oregon, said in the report. “There’s a lot of inventory, but it doesn’t feel like enough.”
So what’s different about Providence?
There are a number of factors in play, including demand for rental properties, according to Alysandra Nemeth, a local Redfin real estate agent.
Nemeth told the Globe on Friday several multifamily homes she sold in the last few months moved quickly.
“If you have a multifamily [listing] that comes up and you’ve got an investor or someone that’s looking to owner-occupy a property and rent some out … it’s the perfect scenario because there’s no shortage of people that are looking to rent within the area,” Nemeth said.
Nemeth thinks the lack of inventory in the Rhode Island market is also keeping listings fresh.
Data released by the Rhode Island Association of Realtors in December showed there was a less than two months worth of supply of single-family homes across the state — well below the six-month supply level considered indicative of a healthy real estate market.
Driven, in part, by the competition for properties, the median statewide home price soared more than 11 percent year over year to $480,000, according to the association.
“It just continues to be a battle where, you know, if a good home comes on the market and it’s priced right, it’s probably going to go quicker, and entertain more offers than some other areas,” Nemeth said.
Providence’s location is also desirable for buyers, Nemeth said. There’s easy access to Boston and New York City, all with a considerably lower price point than those metro areas, Nemeth said.
And Providence has plenty of appeal of its own, too.
“There’s just a lot of, like, great culinary experiences in Providence — like the food here is amazing,” Nemeth said. “So that also goes hand in hand with it. There’s a lot going on. This city is probably like the next city to watch out for.”
Christopher Gavin can be reached at christopher.gavin@globe.com.
CUMBERLAND, R.I. (WPRI) — Rhode Island State Police are investigating a crash that happened on I-295 North in Cumberland Tuesday night.
The crash happened in the right lane near Exit 22 just before 9 p.m.
It’s unclear exactly what caused the crash or if anyone was injured.
12 News has reached out to Rhode Island State Police for more information but has not heard back.
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Scandals shake up Capitol Hill ahead of midterm elections
Congressional reporter Zachary Schermele dives into the latest scandals on Capitol Hill and how they’re shaking up politics ahead of midterms.
Rhode Island’s Democrat and Republican primary elections will officially be held on Wednesday, Sept. 9 this year, instead of the usual Tuesday election day.
Lawmakers passed the bill at the urging of state and local officials, who were concerned that an election day falling the day after Labor Day would not give them enough time to set up polls for the arrival of voters.
Gov. Dan McKee signed the bill on April 20, officially moving the primary day for 2026.
Which races will be on the ballot? The Republican and Democrat nominees for a swath of local offices – most notably governor but also lieutenant governor and attorney general.
Why was RI’s primary day moved?
At a hearing on the bill earlier this year, Randy Rossi, executive director of the Rhode Island League of Cities and Towns explained the “significant logistical and financial challenges” municipalities otherwise would have faced having an election the day after Labor Day.
“Beyond cost, municipalities face serious logistical challenges accessing and setting up more than 430 polling locations on a major federal holiday, a process that often requires many hours and access to facilities that are typically closed and unstaffed on Labor Day,” he said.
“Compounding these challenges, many municipalities conduct early voting in city or town halls that must also serve as primary day polling locations,” Rossi noted.
Without changes to current law, he said, “municipalities would be required to conduct early voting and primary day polling simultaneously, often in the same limited space and with the same poll workers, requiring additional staffing and facilities.”
By the time this legislative hearing took place in January, other states facing similar issues, including Massachusetts, had already adjusted their primary dates, “and Rhode Island itself has demonstrated that alternative scheduling can be successful, as occurred during the statewide Wednesday primary in 2018,” Rossi said.
EAST GREENWICH, R.I. (WPRI) — If you’re looking to satisfy you’re sweet tooth, look no further than Division Street.
Nothing Bundt Cakes opened its first Rhode Island bakery in East Greenwich earlier this month. The new bakery is situated within East Greenwich Square, which is also home to the Ocean State’s first Crumbl.
The bakery is known for its handcrafted specialty Bundt cakes, as well as smaller “Bundtlets,” and bite-sized “Bundtinis,” that come in a variety of flavors.
“There’s a strong sense of local pride, creativity, and community here that aligns perfectly with our values,” said Jake Williams, who owns the East Greenwich bakery. “We were drawn to the area’s vibrant small business culture and the opportunity to contribute something special.”
Nothing Bundt Cakes is also expected to open another bakery at Chapel View in Cranston later this year.
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