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GoLocalProv | Business | Here is Why Massachusetts Residents Are Going to Keep Buying RI Houses

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GoLocalProv | Business | Here is Why Massachusetts Residents Are Going to Keep Buying RI Houses


Tuesday, July 05, 2022

 

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The median worth in Massachusetts is 47% greater than in Rhode Island. PHOTO: File

The push by the Federal Reserve to extend rates of interest was imagined to sluggish inflation — and the speed of the actual property market.

Rates of interest have jumped from lower than 3% for a 30-year mortgage to only below 6% in a 12 months.

Whereas the variety of consumers stacked up at open homes in Rhode Island has decreased and the variety of provides over the asking worth has declined, costs proceed to remain at a report degree.

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One of many greatest elements for the excessive costs in Rhode Island? The costs in neighboring Massachusetts.

In line with the Massachusetts Affiliation of Realtors (MAR), housing costs within the Commonwealth proceed to spike and make Rhode Island costs look discounted.

The median worth for a single-family residence in Rhode Island is a blistering $419,000, however that could be a Filene’s Basement cut price low cost in comparison with Massachusetts costs.

In Massachusetts, the median worth for single-family houses elevated by 12.3% to $617,750 and the median worth for condominiums rose by 5.1% to $531,501, when in comparison with the identical time interval final 12 months.

The median worth in Massachusetts is 47% greater than in Rhode Island. 

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“The largest concern we face on this market is a scarcity of homes,” stated Daybreak Ruffini, 2022 President of MAR. “Till we’re capable of enhance provide, extra households are going to proceed to be priced out of the market. We have to act now to increase housing entry as it’ll, in flip, cut back residence costs and permit extra folks to enter the market.”

That reduction for extra reasonably priced housing is Massachusetts residents coming throughout the border to purchase in Rhode Island and work at home or journey to Massachusetts simply a number of instances every week.

“Regardless of the continued rise in homeownership prices, together with rising mortgage rates of interest and excessive itemizing costs, Massachusetts is experiencing a 3rd consecutive month of elevated closed gross sales for each single-family houses and condominiums,” stated MAR.

 

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Locations just like the East Facet are a magnet for MA consumers. PHOTO: File

Rhode Island Dwelling Being Consumed By Out-of-State Consumers

Some areas of the state — coastal areas, Barrington, East Greenwich, and the East Facet of Windfall — see no let-up in demand from out-of-state consumers, particularly Massachusetts residents.

In line with the Rhode Island Affiliation of Realtors, out-of-state consumers have gotten as excessive as 26% of the consumers in a month.

In 2021, 24% of all Rhode Island residential actual property transactions included an out-of-state purchaser. And over $1 million houses — the quantity jumps to just about 50%.

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Amongst $1 million-plus gross sales, solely 48% had been purchased by Rhode Islanders, in accordance with information from the RI Affiliation of Realtors in its end-of-year report.

 

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  • This Land Was Promised for Housing. As an alternative It’s Going to a Professional Soccer Crew Owned by a Billionaire.

 

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Rhode Island

Attendance Matters: How well our schools are doing – What's Up Newp

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Attendance Matters: How well our schools are doing – What's Up Newp


Since the pandemic, student absenteeism has skyrocketed across the country, sending education departments and school districts searching for solutions. It is a priority with the Rhode Island Department of Education (RIDE) and every school district in the state. And, while results haven’t been dramatic, they are moving in the right direction.

Statewide, pre-pandemic absenteeism in Rhode Island schools was about 19 percent. It ballooned to more than 34 percent in 2021-22, dropping the following year to 28.9 percent, and in 2023-24 it was 24.7 percent. 

The same pattern is reflected in Aquidneck Island area schools. The Rhode Island Department of Education publishes a daily report on absenteeism for the more than 270 Rhode Island public schools, and certain patterns are clear. Wealthier communities have fewer absences, and it appears that greater absenteeism occurs in high and middle schools.

Newport Schools superintendent Colleen Burns Jermain says students in poorer communities face challenges of family responsibilies, housing and transportation issues. All three are recognized as significant issues nationally by Panorama Education, which says some students from “low-income families may need to stay home to care for younger siblings or work to support their families.”

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Chronic absenteeism national is defined as missing 10 percent of school days, or the equivalent of about two days. The consequences, says Panorama, range from health, dropout, social and behavioral, along with a negative impact on academics.

RIDE publishes a daily attendance tracker. Here’s a look at area schools, as reported in the November 25 attendance tracker, and listed by state rankings.

  • Howard Hathaway Elementary School, Portsmouth, with 412 students, ranked 25 with projected chronic absences of 31 (7.5 percent), a reduction of 2.9 percent from last year.
  • Melville Elementary School, Portsmouth, with 320 students, ranked 26 with projected chronic absences of 25 (7.8 percent), a reduction of 4.9 percent from last year.
  • Jamestown Middle School, with 189 students, ranked 36 with projected chronic absences of 31 (7.5 percent), a reduction of 2.9 percent from last year.
  • Portsmouth Middle School, with 607 students, ranked 42 with projected chronic absences of 58 (9.6 percent), a reduction of 2.9 percent from last year.
  • Aquidneck Elementary School, Middletown, with 302 students, ranked 44 with projected chronic absences of 29 (9.6 percent), a reduction of .3 percent from last year.
  • Wilbur and McMahon Elementary and Middle School, Little Compton, with 219 students, ranked 68 with projected chronic absences of 23 (10.5 percent), a reduction of 1.3 percent from last year.
  • Portsmouth High School, with 787 students, ranked 114 with projected chronic absences of 105 (13.3 percent), a reduction of 1.3 percent from last year.
  • Fort Barton Elementary School, Tiverton, with 133, students, ranked 98 with projected chronic absences of 16 (12 percent), an increase of .9 percent from last year.
  • Forest Avenue Elementary School, Middletown, with 300 students, ranked 112 with projected chronic absences of 40 (13.3 percent), a reduction of 1.6 percent from last year.
  • Tiverton High School, with 424 students, ranked 140 with projected chronic absences of 60 (14,2 percent), a reduction of 1.6 percent from last year.
  • Pocasset Elementary School, Tiverton with 31 students, ranked 150 with projected chronic absences of 31 (14.7 percent), a reduction of .4 percent from last year.
  • Gaudet Middle School, Middletown, with 434 students, ranked 181 with projected chronic absences of 31 (7.5 percent), an increase of .7 percent from last year.
  • Middletown High School, with 521students, ranked 209 with projected chronic absences of 107 (20.5 percent), an increase of 1.5 percent from last year.
  • Claiborne Pell Elementary School, Newport, with 662 students, ranked 221, with projected chronic absences of 147 (22.2 percent), a reduction of 2.4 percent from last year.
  • Frank E. Thompson Middle School, Newport, with 495 students, ranked 225 with projected chronic absences of 115 (23.2 percent), an increase of .6 percent from last year.
  • Tiverton Middle School, with 500 students, ranked 234 with projected chronic absences of 119 (23.8 percent), an increase of 11.3 percent from last year.
  • Rogers High School, Newport, with 600 students, ranked 246 with projected chronic absences of 183 (30.5 percent), a reduction of 5.7 percent from last year.

Frank Prosnitz brings to WhatsUpNewp several years in journalism, including 10 as editor of the Providence (RI) Business News and 14 years as a reporter and bureau manager at the Providence (RI) Journal. Prosnitz began his journalism career as a sportswriter at the Asbury Park (NJ) Press, moving to The News Tribune (Woodbridge, NJ), before joining the Providence Journal. Prosnitz hosts the Morning Show on WLBQ radio (Westerly), 7 a.m. to 9 a.m. Monday through Friday, and It’s Your Business, also on WBLQ, Monday and Tuesday, 9 a.m. to 10 a.m.

Prosnitz has twice won Best in Business Awards from the national Society of American Business Editors and Writers (SABEW), twice was named Media Advocate of the Year by the Small Business Administration, won an investigative reporter’s award from the New England Press Association, and newswriting award from the Rhode Island Press Association.

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Rhode Island man accused of asking teenager for directions while completely naked

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Rhode Island man accused of asking teenager for directions while completely naked


North Kingstown, R.I. – A Rhode Island man is facing a disturbing charge.

According to police, on Friday at approximately 4:00 p.m., the North Kingstown Police Department responded to a 911 call reporting an incident of indecent exposure. The caller, a 17-year-old, reported that a male subject drove up her on Prospect Avenue, asking for directions to the North Kingstown High School while completely naked. The suspect was driving a silver Subaru, registered in New Hampshire. The vehicle was last seen traveling towards Fairway Drive. 

Officers immediately responded to the area from different directions to contain the vehicle and investigate the report. The vehicle was located and stopped on Lantern Lane. The driver/sole occupant was identified as David C. Palmer of East Providence. After further investigation, Palmer was taken into custody and charged with Disorderly Conduct – Indecent Exposure. 

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Palmer was later arraigned at the station before a Justice of the Peace and released on a $1,000 personal recognizance bail. He is scheduled for formal arraignment at the 3rd Division District Court on December 6th. 



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Rhode Island FC falls 3-0 to Colorado Springs Switchbacks FC in USL Championship final – What's Up Newp

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Rhode Island FC falls 3-0 to Colorado Springs Switchbacks FC in USL Championship final – What's Up Newp


Rhode Island FC’s historic inaugural season came to an end in the USL Championship Final on Saturday when it fell 3-0 to Colorado Springs Switchbacks FC at Weidner Field. Becoming the first Eastern Conference team in league history to advance to the final match in its first season, the Ocean State club will return to Rhode Island proud after making the farthest run by an expansion side in eight years.

Colorado Springs Switchbacks FC had a golden chance to take the lead less than a minute into the match when Yosuke Hanya was on the receiving end of a central pass as he cut behind the Rhode Island FC defense.  Sprinting into a one-on-one opportunity with Koke Vegas, the midfielder dragged his shot just wide of the right post.

Holding just 30 percent of possession throughout the first 15 minutes, RIFC got its first real chance of the match when it won a dangerous free kick at the corner of the 18-yard-box in the 14th minute. JJ Williams stepped up to take the free kick, and curled it narrowly over the bar as the match stayed scoreless.

Colorado Springs eventually broke the deadlock in the 22nd minute when Hanya broke free on the right wing, sending a cross into the six-yard box for Juan Tejada. Making a run into the open space, Tejada side-footed the ball into the back of the net from close range to give the hosts a 1-0 lead.

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In the 42nd minute, Colorado Springs doubled its lead with a powerful strike from the top of the box. It happened when Jairo Henriquez tore down the left flank, cut inside and took a shot that was blocked by RIFC. Unfortunately for the Ocean State club, the rebound fell kindly to Haneriquez, who made no mistake on his second effort and picked out the top-left corner to make it 2-0.

The Switchbacks nearly took complete control with a third goal in first-half stoppage time when Quenzi Huerman unleashed yet another shot from distance, but Vegas punched the effort over the bar and took care of the resulting corner to keep the match 2-0 at the break.

Nine minutes into the second half, RIFC nearly cut the deficit in half when Clay Holstad connected on a corner kick from the top of the box. Instead, Colorado Springs blocked the shot and quickly broke out on the counter-attack, where Roaldo Damus finished with a low, one-on-one effort to make it 3-0.

RIFC came within inches of getting one back in the 64th minute when Frank Nodarse headed a corner towards the bottom-right corner, but Colorado Springs goalkeeper Christian Herrera produced a sharp diving save to deny the Ocean State club. Minutes later, Jack Panayotou forced another save out of Herrera, and Morris Duggan couldn’t keep the close-range rebound on frame.

The opportunities were as close as RIFC could get to finding the back of the net in the match as the USL Championship Final ended 3-0.

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After the match, the visitors walked over to thank the over 400 Rhode Island FC faithful who made the trip out west. The fanbase’s incredible support during the record-breaking inaugural season fueled the team to a memorable finish. The Ocean club will now look forward to its launch of season two from The Stadium at Tidewater Landing in downtown Pawtucket.

GOAL SCORING RUNDOWN

COS – Juan Tejada (Youke Hanya), 22nd minute: Tejada connects with Hanya’s right-wing cross from inside the six-yard box. COS 1, RI 0

COS – Jairo Henriquez, 42nd minute: Henriquez picks out the top-left corner with a powerful strike from the top of the 18-yard box. COS 2, RI 0

COS – Ronaldo Damus (Matt Real), 53rd minute: Damus finishes a one-on-one counter-attack with a low finish into the bottom corner. COS 3, RI 0

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ADDITIONAL NOTES

  • Saturday’s match was the first-ever USL Championship Final to air nationally on network television (CBS).
  • The opening goal for Colorado Springs in the 22nd minute marked the first time RIFC trailed during the 2024 USL Championship Playoffs.
  • The 2-0 halftime deficit marked the first time RIFC has trailed by multiple goals at halftime since April 26.
  • RIFC will return to the Ocean State after making the furthest playoff run by any Eastern Conference expansion team in league history, and becoming the first expansion club in eight years to advance to the final.

MAN OF THE MATCH: Clay Holstad

Match stats and information available here.

Ryan Belmore is the Owner and Publisher of What’sUpNewp, an award-winning local news website he has been involved with since shortly after its launch in 2012. Under his leadership, What’sUpNewp was named Best Local News Blog in Rhode Island by Rhode Island Monthly readers in 2018, 2019, and 2020, and has been awarded several grants and awards from national news organizations.

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A native Rhode Islander, Ryan spent 38 years living in the state and made Newport his home for over a decade. In 2021, he moved to Alexandria, Virginia, to support his wife’s career in Washington D.C., but continues to travel to Newport every month, overseeing What’sUpNewp’s team of 12+ on-the-ground contributors and ensuring it remains a trusted local news source.

Ryan has served on the boards of several prominent local organizations, including the Arts & Cultural Alliance of Newport County, Fort Adams Trust, Lucy’s Hearth, and Potter League for Animals. An award-winning journalist and editor, he continues to build What’sUpNewp as a nonpartisan, independent news outlet that adheres to the highest ethical standards, including those of the Society of Professional Journalists, Online News Association, and Local Independent Online News Publishers.

Contact Ryan at ryan@whatsupnewp.com or 401-662-1653.

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