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Spring House Hunt
The median sales price for a single-family home in Rhode Island jumped 11.4% year over year in March to $440,000, the state’s realtors association reported Thursday.
For Massachusetts home seekers looking for a break in the Ocean State, the seas are nearly just as stormy. Single-family home prices in both states jumped by double digits between March 2023 and March 2024, according to the Rhode Island Association of Realtors.
The medial sales price of a single-family home in Providence, for example, climbed from $337,250 to $373,750 in March, a 10.82% jump. In Lincoln, the increase was more severe from, $410,000 to $560,000, a rise of 36.59%.
“The available supply of homes remains critically low going into the spring selling season,” the report reads. “At the current inventory level and pace of sales in March, all single-family homes on the market would be sold in less than one month, far less than the five to six months seen during a market balanced between supply and demand.”
Home sales fell by 4.9%, and sales “in process but not completed by the end of March fell by 7.2%, an indication that market activity will remain slow” for the rest of April, the report says.
“Sales could remain hampered through the spring market thanks to the recent news that the Federal Reserve reported an uptick in inflation in March, which means no immediate cuts to mortgage rates,” said Sally Hersey, association president. “On the positive side, a recent rise in mortgage rates may help increase inventory, which is desperately needed.”
High mortgage rates affect the buyer’s side, because some will no longer qualify for the home they want or they will opt to sit on the sidelines, Hersey told Boston.com.
If you are looking for a condo as your first step into homeownership or your housing type of choice as you downsize, the number of listings is up but so are prices.
Calling Rhode Island’s condo market the “outlier,” the report noted that sales in this category were up 0.81% year over year and that the number of pending sales reflected a 7.6% increase.
Meanwhile, the number of condo units on the market (241) climbed by more than 5%.
The median sales price was also up, and by double digits — from $319,950 to $370,000, a 15.64% increase.
Sales plummeted 19% year over year in March in this category, which is often viewed as a way to own a home and help pay off one’s mortgage. The median sales price rose 18.9%, to $535,000.
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WARWICK, R.I. (WPRI) — Two people are dead and another person seriously hurt after a crash involving two vehicles on the highway in Warwick Saturday.
Rhode Island State Police said the crash happened around 1:34 p.m. on the ramp from Route 113 West to I-95 South.
According to police, a Hyundai SUV that was driving in the middle lane of the highway started to drift to the right, crossed the first lane, and then crossed onto the on-ramp lane. The car struck the guardrail twice before driving through the grass median.
The Hyundai then struck the driver’s side of a Mercedes SUV that was on the ramp, causing the Mercedes to roll over and come to a rest. The impact sent the Hyundai over the guardrail and down an embankment.
The driver of the Hyundai, a 73-year-old man, and his passenger, a 69-year-old woman, were both pronounced dead at the hospital.
A woman who was in the Mercedes was rushed to Rhode Island Hospital in critical condition.
State police said all lanes of traffic were reopened by 4:30 p.m.
The investigation remains ongoing.
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A federal judge on Friday tossed the Department of Justice’s (DOJ) lawsuit aiming to force Rhode Island to hand over its voter information as part of the Trump administration’s push to acquire voter data from several states.
Rhode Island U.S. District Court Judge Mary McElroy wrote that federal law does not allow the DOJ “to conduct the kind of fishing expedition it seeks here,” siding with Rhode Island election officials. She added that the DOJ did not provide evidence to suggest that Rhode Island violated election law.
McElroy, a Trump appointee, wrote that she sided with the similar decision in Oregon. That decision ruled that the DOJ was not entitled to unredacted voter registration lists.
“Absent from the demand are any factual allegations suggesting that Rhode Island may be violating the list maintenance requirements,” she said in her ruling.
Rhode Island Secretary of State Gregg Amore (D) praised McElroy’s decision. He said in a statement that the Trump administration “seems to have no problem taking actions that are clear Constitutional overreaches, regularly meddling in responsibilities that are the rights of the states.”
“Today’s decision affirms our position: the United States Department of Justice has no legal right to – or need for – the personally-identifiable information in our voter file,” he said. “Voter list maintenance is a responsibility entrusted to the states, and I remain confident in the steps we take here in Rhode Island to keep our list as accurate as possible.”
The Hill reached out to the DOJ for comment.
The DOJ called for the voter lists as it investigated Rhode Island’s compliance with the National Voter Registration Act of 1993, which allowed Americans to register to vote when they apply for a driver’s license.
The DOJ sued at least 30 states, as well as Washington, D.C., in December demanding their respective voter data. This data includes birth dates, names and partial Social Security numbers.
At least 12 states have given or said they will give the DOJ their voter registration lists, according to a tracker operated by the Brennan Center for Justice.
The department stated after it lost a similar suit against Massachusetts earlier this month that it had “sweeping powers” to access the voter data and that, if states fail to comply, courts have a “limited, albeit vital, role” in directing election officers on behalf of the administration to produce the records. The DOJ cited the Civil Rights Act as being intended to unearth alleged election law violations.
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