Rhode Island Real Estate News

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PROVIDENCE, RI — July 18, 2025 — The Real Estate Institute of Rhode Island (REIRI) is sounding the alarm on the state’s deepening housing affordability crisis, following the release of the Out of Reach 2025 report by the National Low Income Housing Coalition (NLIHC). The report confirms that Rhode Islanders earning minimum wage must work over 85 hours per week — more than 12 hours every day — just to afford a modest two-bedroom apartment. Full Story

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A look at what's currently happening in the Rhode Island real estate market and how these trends and other factors are shaping the future forecast.

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Ju.ly 15, 2025

Providence, RI - If you're a Rhode Island homeowner, there’s a growing chance that when you sell your home, you could face a significant and unexpected capital gains tax bill. New research from the National Association of Realtors® (NAR) reveals that 47.2% of homeowners in Rhode Island have accumulated home equity that exceeds the federal capital gains tax exclusion limits. Even more striking, 89.2% of married couples in Rhode Island could surpass the $500,000 exemption threshold, leaving them exposed to federal and state taxes on their home sale profits. Full Story

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July 15, 2025

PROVIDENCE, RI – Rhode Island homeowners now have stronger protections against predatory real estate agreements, thanks to legislation recently signed by Governor Dan McKee. House Bill 5185 and Senate Bill 133 target a deceptive practice known as Non-Title Recorded Agreements for Personal Services (NTRAPS) — hidden, long-term contracts that unfairly burden homeowners with fees when they try to sell or refinance their properties. 

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In an ambitious move to combat the state’s housing crisis, Rhode Island has launched a groundbreaking initiative: a statewide Housing Land Bank that will identify, acquire, and repurpose vacant and underutilized properties into affordable housing. The program, which officially took effect in 2025, aims to tackle two of the state’s most pressing problems — housing affordability and blighted, idle land — with one strategic solution. 

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In the most recent legislative session, several bills were introduced in the Rhode Island General Assembly that would have imposed rent control in Rhode Island on residential rental properties.  Full Story

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In a housing market dominated by near-7% mortgage rates and paralyzed by historic inventory lows, the affordability crisis is a defining reality. Full Story

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PROVIDENCE, RI (July 2025) – Rhode Island multifamily housing sector is demonstrating a complex pattern of rising prices, increased inventory, and sustained demand—creating both opportunity and challenges across the state. Full Story

Rhode Island stands to benefit significantly from the sweeping tax reform passed by the U.S. Senate, particularly through provisions that support homeownership, investment, and housing affordability. Full Story

June 30, 2025

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PROVIDENCE, RI – As Rhode Islanders grapple with a long-running housing shortage, the state legislature and municipalities are embracing Accessory Dwelling Units—or ADUs—as a versatile, community-friendly solution. Full Story

June 29, 2025

Providence, Rhode Island Housing Market Update for Buyers and Sellers

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As the real estate market in Providence, Rhode Island continues to evolve, understanding current trends is essential for both buyers and sellers. Whether you're planning to buy or sell a home, this update provides key insights into the local market dynamics to help guide your decisions. Full Story

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June 27, 2025

WASHINGTON, D.C. — As the U.S. Senate prepares to vote on the comprehensive “One Big Beautiful Bill”  which includes a housing tax reforms package, the National Association of REALTORS® (NAR) took part in a high-level White House event to advocate for key real estate priorities that could shape the future of housing and investment across the country. Full Story

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June 23, 2025

Providence, R.I. — Rhode Island rentals sector remains under significant pressure in mid‑2025, with strong demand driving average rents across the state despite emerging signs of easing in some areas.

• Average rent: $1,788/month in June, up 3.6% year-over-year (+$62) 
• Zillow estimate: Even higher at $2,300 across all property types — a $50 annual increase and $25 increase month-to-month 
• RI Rentals ranks 11th most expensive by average rent nationally
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June 21, 2025

New “Taylor Swift Tax” and Conveyance Hike Target Luxury and Investment Properties to Fund Housing Solutions

Providence, RI — In a move that could reshape the real estate landscape across Rhode Island’s coastal communities and beyond, the House of Representatives this week passed a $13.9 billion state budget for Fiscal Year 2026, including two major real estate-related tax provisions. Full Story

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June 19, 2025

Rhode Island Single-Family Home Market Heats Up in May 2025: Prices and Sales Continue to Climb

Warwick, RI – June 19, 2025 — Rhode Island’s single-family housing market showed renewed strength in May 2025, with key indicators pointing to rising demand and growing confidence among both buyers and sellers. According to the latest data, the median sale price for single-family homes surged to $512,750, marking an 11.5% increase over May 2024. Full Story

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WARWICK, R.I. – June 13, 2025 — Rhode Island lawmakers are weighing a proposal that could significantly raise the cost of selling high-end homes as part of a broader strategy to tackle the state’s housing crisis. Full Story

June 2, 2025 — Providence, RI — A new wave of real estate fraud is rippling across the Northeastern United States, with a majority of real estate professionals in the region reporting they are aware of at least one case of title fraud or deed theft in their markets over the past year. Full Story

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Cranston, RI – May 23, 2025 – Rhode Island’s long-standing housing shortage is showing the first signs of easing, according to new data released today by the Real Estate Institute of Rhode Island. Full Story

Rhode Island home sale continue to show gains while inventory remains low statewide. Full Story

Rhode Island is no exception, we have seen many successful real estate scams statewide in recent years. Here are the top real estate scams to watch out for in 2025—and how to protect yourself from the different types of real estate frauds. Full Story

An Accessory Dwelling Unit (ADU) is a secondary, self-contained residential unit located on the same lot as a primary single-family or two-family home. ADUs can be attached (like a basement or garage conversion) or detached (a separate structure like a backyard cottage). Full Story

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As we dive into the new year, Rhode Island’s real estate market is off to a strong start. Despite the typical seasonal slowdown, the numbers show a market that remains active and competitive, with some key trends worth noting for potential buyers and sellers. Full Story

The Rhode Island single-family real estate market has continued to show some interesting trends as we wrap up February 2025. With rising home prices and relatively stable inventory levels, it's important for both buyers and sellers to stay informed about the current state of the market. Here’s a closer look at the numbers: Full Story

Cranston, RI – May 3rd, 2025 – While home prices across many regions in the U.S. are beginning to level off and inventory is rising to pre-pandemic norms, Rhode Island is bucking the trend—and doing so dramatically.

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