Realtors: Interest rate hike slows R.I. home sales

Posted
WARWICK – The median September price of single-family homes in Rhode Island rose slightly from a year ago to $534,000 but higher borrowing costs contributed to sales dropping by 11.7%, the Rhode Island Association of Realtors said on Monday. The state’s percentage drop in sales was almost triple that of all Northeastern states combined, according to […]

Continue reading at Providence Business News »

Economy, Government, Housing, News Story, Real Estate, Subscriber Only, condominium, Michael Pereira, multifamily home sales, National Association of Realtors, Rhode Island Association Of Realtors, single-family homes