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Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam

Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam

by Phil Hall | Nov 14, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Rhode Island Attorney General Peter F. Neronha has filed a lawsuit against local real estate broker for allegedly violating the state’s Unfair and Deceptive Trade Practices Act. Neronha has accused Kyle Seyboth, founder of the Century 21-affiliated brokerage The...
Historic Newport Mansion’s $10.8 Million Sale is Rhode Island’s Biggest of 2024

Historic Newport Mansion’s $10.8 Million Sale is Rhode Island’s Biggest of 2024

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A historic Newport mansion built during the Gilded Age has become the most expensive Rhode Island residence to sell this year. The Newport Daily News reported the sale of The Orchard for $10.8 million. Built in 1873 and located on a 4.75-acre property along Newport’s...
Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

by Phil Hall | Aug 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s Affordable Housing Trust Fund is launching a $1 million pilot program to expand the availability of new income-restricted homes. According to the Providence Journal, the new “Turnkey Program” offers a direct subsidy to developers in exchange for an...
Rhode Island’s Median Home Price Hits New High

Rhode Island’s Median Home Price Hits New High

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s housing market recorded a new record high median price of $494,000, according to data from the Rhode Island Association of Realtors (RIAR). Last month’s record high marked an 11.6% increase from one year earlier. While prices were up, sales were down....
Multifamily Developer Wood Partners Enters RI and NH Markets

Multifamily Developer Wood Partners Enters RI and NH Markets

by Phil Hall | Jun 17, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Multifamily developer Wood Partners is expanding its northeast presence with its first projects based in Rhode Island and New Hampshire. The company’s Alta Altitude in Rhode Island is designed as two four-story buildings containing 214 apartment homes with an...
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