Taylor Swift’s Wedding Guests Don’t Know Ceremony Location — Yet
Rhode Island
Is now a good time to try and buy a house in RI? Here’s what the market looks like.
The median multi-family price nearly hit $600,000 in September
Narragansett church undergoes redesign to become 2 million-dollar homes
The Boon Street Church revival both stands out from and blends into the surrounding Narragansett neighborhood.
David DelPoio, The Providence Journal
For the past two months and leading up to the presidential election, real estate agent Bryan Quinlan has seen the housing market slowing down, with fewer listings and more houses sitting on the market for longer.
Now that the uncertainty over the next president is gone, things are starting to pick up, he said. Quinlan is with Keller Williams Realty Leading Edge.
The latest numbers from the Rhode Island Association of Realtors on home sales match what Quinlan saw: decreased sales with a stagnant median selling price.
The median single-family home price hit its highest level in June 2024, at $494,000, lowering to $485,000 in September and October.
During the summer, the number of single-family home sales was higher, 812 in July, 804 in August, before slipping back down in September to 691 and in October at 680.
The latest housing numbers for October show more inventory than last winter, with 1,322 houses listed for sale compared to between 822 and 917 listed from December 2023 to March 2024.
The price remains high, although how much higher prices will go is an open question.
Houses continue to sit on the market for longer than they did earlier in the summer:
- 31 days in August, September and October
- 27 days in May
- 23 days in June
- 18 days in July
What are they saying? “We’re seeing homeowners who are tapping into their equity and 401K and competing for properties with first-time home buyers without those luxuries,” Rhode Island Association of Realtors President Chris Whitten wrote in a news release. “Many are cash buyers who are downsizing or buying a second home. It’s tough for younger buyers to compete with that.”
The solution to high prices, the lack of inventory, and the lack of diverse inventory, which would allow empty nesters to downsize or growing families to upsize, is to build more housing. To that end, his association will be “working closely with legislators who are willing to help remove barriers to building and enable the creation of more homes,” Whitten wrote.
What’s happening in the multi-family market?
In the multi-family market, median prices hit a new record high of $595,000 in September before sinking down to $560,000 in October. The multi-family and condo markets can be a little skewed with median prices because of the lower volume of sales and inventory, with 125 multi-family houses sold in September and 143 sold in October.
For the sake of comparison, 691 single-family homes sold in September and 680 in October.
The multi-family market remains hot, with an average of 23 days on the market in September and 26 days in October.
“There’s always demand for multi-family houses,” Quinlan said. “Even when I got into real estate eight years ago, there was always high demand compared to single-family houses, in a slower market. You can sell any multi-family easily for half a million, and it doesn’t matter the condition so long as it’s rentable.”
Is this the new normal? Quinlan said prices will likely eventually stagnate within the next two years but the lack of inventory keeps pushing prices higher and higher, even as higher prices and mortgage rates shrink the pool of potential buyers.
“Maybe it’s not a 5% increase, as it depends on the economy and the new president as well,” Quinlan said.
What’s going on in the condo market?
Historically the type of place where people who can’t afford to buy a single-family house would look, condos are a little cheaper than their single-family counterparts in terms of absolute price, but the median price is subject to more variability because of the low number of sales, 183 in October and 178 in September, and how some segments of the market sell for millions.
In October, the median condo price was $355,000, down from $427,450 in September and up from $330,000 in August. The peak median condo price was September, followed by July at $395,000.
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Rhode Island
Lego convention returns to Warwick
WARWICK, R.I. (WJAR) — Rhode Island’s Lego Fan Convention Returned to the West Warwick Civic Center.
Professional Lego artists from around the country displayed their creations and connect with fans.
There are meet and greet opportunities with Lego celebrities too.
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Fans can also show off their own skills in the event’s Brick Pits.
Rhode Island
Taylor Swift and Travis Kelce’s 1st Choice for Wedding Was Rhode Island: Why They Pivoted to NYC
Taylor Swift and Travis Kelce initially had their sights set on a marvelous coastal wedding, multiple sources exclusively tell Us Weekly.
“Taylor and Travis really wanted their wedding in Rhode Island, and June 13 was the date, but security wouldn’t have worked because it could get out of hand with that kind of scale of an event,” an insider says.
Though everything was initially being planned in Rhode Island — where Swift, 36, has a mansion in the lavish Watch Hill neighborhood of Westerly — the insider notes the pop star had booked multiple venues from coast to coast on different dates.
According to the source, “Ocean House [in Westerly] was planned at one point, and then plans changed to New York.”
The insider, meanwhile, tells Us that Swift’s security “had to assess all the venues to see what made sense.”
“Rhode Island wasn’t great because the nature of the access and the perimeters were too difficult to secure,” the source explains. “So the main issue with Rhode Island ended up being security.”
Taylor Swift and Travis Kelce Getty Images
“Everything was being planned in Rhode Island,” added a source. “And so many people wanted to come that plans had to change because it became bigger.”
Swift and Kelce, 36, are now rumored to be tying the knot at Madison Square Garden in New York City over the July 4 holiday weekend. While the exact location and date of the nuptials have not yet been confirmed, NYC Mayor Zohran Mamdani appeared to hint at the wedding taking place in the city during a June 15 press conference earlier this month.
“I am fully confident in the work of the NYPD, as well as our state partners, in delivering that safe experience,” he told reporters. “We are the biggest city in the country. We are used to big events, and we are incredibly excited for the [World Cup]. We know it coincides with the Knicks’ [NBA] Finals run. We know it coincides with July 4, America 250, Taylor Swift’s wedding — all happening at the same time — and we are so excited to welcome the world here.”
Additionally, a permit was filed with NYC in June, the mayor’s spokesperson Dora Pekec confirmed to Us after The New York Times reported on a permit to close the streets surrounding MSG from July 2 to midday July 4 for an event on July 3.
City sources also confirmed to Us that the Street Activity Permit Office (SAPO), which issues the permits, is in touch with the NYPD regarding a possible influx of street and pedestrian traffic.
Though Swift and Kelce’s Rhode Island wedding plans fell through, the “I Knew It, I Knew You” singer’s Watch Hill mansion had an uptick in action last week when security was spotted swarming the area. A group of unidentified women were reportedly seen on the balcony wearing matching robes — three in black and one in white — sparking speculation about a bachelorette party.
A woman who appeared to be Swift’s childhood friend Abigail Anderson Berard was also seen on the property with her 2-year-old son.
Meanwhile, Travis celebrated what was perceived as his bachelor party in Los Angeles and San Diego. The Kansas City Chiefs tight end and his brother, Jason Kelce, as well as Travis’ teammate Patrick Mahomes and others, were spotted at a Chris Lake concert, a Dave Chappelle comedy show, a night out at the members-only Bird Street Club and more.
Swift and Kelce began dating in the summer of 2023 and got engaged in August 2025.
Rhode Island
When will RI see promised Time-Varying Rates on electric bills? | Opinion
Here’s how to submit a letter to the editor to the Providence Journal
Community opinions matter to us and we make sure there’s a space to hear what your neighbors are thinking. Here’s how to submit your own.
Journal Staff
Rhode Island Energy is currently installing advanced smart meters for all electricity customers. Clean energy and environmental advocates have championed advanced metering for decades because the systems enable incentives for conservation, solar integration and energy storage. The primary vehicle for realizing these benefits is Time-Varying Rates (TVR).
Unlike legacy meters, advanced meters track when electricity is used, not just how much is used. TVR encourages customers to shift heavy usage, like running a clothes dryer or charging an electric vehicle, to off-peak overnight hours when wholesale power is cheap and cleaner. This flattens the grid’s peak demand, brings down wholesale energy costs for everyone and reduces our reliance on polluting “peaker” power plants.
The Rhode Island Public Utility Commission (PUC) is charged with balancing the interests of utility customers with value to utility shareholders. It sets the formulas by which the utility is compensated.
The primary means the utility is compensated is based on a Return on Equity invested (ROE) that is predetermined by the PUC and currently set at 9.275%. Rhode Island Energy’s capital investments are funded through roughly 51% equity (shareholder capital) and 49% debt. For every $100 million the utility spends on infrastructure, about $51 million is financed via equity, allowing shareholders to collect an annual pre-tax profit of 9.275% on that portion, or roughly $4.73 million. The more the utility spends, the more their shareholders earn.
At a cost of over $188 million for the new meters, Rhode Island Energy shareholders will collect nearly $9 million a year in profit for 20 years from the equity portion of that investment alone, while also saving money on labor by eliminating the need for truck based drive-by meter readers.
But advanced metering was supposed to benefit ratepayers as well as the utility. Though the meter expenditures were approved by the PUC in 2023 and the meters installations are expected to be completed by the end of this year, it is expected to take until at least 18 months after the meter rollout is completed to implement the billing system infrastructure needed to enable Time-Varying Rates.
The upgrades that deliver more profit to the utility bottom line was fast tracked, while the investment needed to implement the primary benefits to ratepayers is being slow walked. Why weren’t the software upgrades and hardware deployment run in parallel?
Right now, the PUC is weighing a huge general rate case (Docket No. 25-45-GE). Rhode Island Energy has proposed aggressively hiking its profit margin, seeking to raise its ROE from 9.275% to 10.75% and expand its equity share from 51% to 57%.
In their 2022 advanced metering filing, Rhode Island Energy suggested the new infrastructure would yield $729 million in benefits over 20 years. So far, the utility is seeing plenty of that benefit on its bottom line, while ratepayers have mostly seen higher costs. The PUC should reject the utility’s requested rate increases, preserve the current rate structure, and insist that Time-Varying Rates be fully operational before any further rate changes are considered.
Fred Unger is a retired energy project developer and clean energy advocate based in Providence.
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