All Entries in the "Real Estate" Category
Randall, Realtors Adds Four Agents to RI Offices
CHARLESTOWN, RI – Randall, Realtors, a consistent leader in the marketing of coastal southern New England properties for more than 28 years, announced today that four agents have joined its North Kingstown and Westerly offices.
North Kingstown
- Barb Carroll: Veteran Realtor Barb Carroll, GRI, CRS, CRB, SRES, a resident of North Kingstown, recently joined Randall, Realtors’ North Kingstown office as a sales associate. Barb became a licensed Realtor in Rhode Island in 1992. She has consistently been a multi-million dollar producer and has earned a reputation for her friendly attitude, top service and diligent research.
- Marianne Liebman: Marianne Liebman has joined the sales team of the North Kingstown office of Randall, Realtors. Prior to becoming part of the Randall team, she worked in real estate sales in the Newport area for eight years as well as in hotel management. Marianne’s primary goal as a Realtor is to help clients navigate the challenging process of buying and selling residential real estate in today’s dynamic market. Marianne and her family live in North Kingstown, where she is active in her church and the youth soccer scene.
- Laurie Holden: In January, the North Kingstown office of Randall, Realtors welcomed new Realtor Laurie Holden to its team. A resident of North Kingstown, Laurie previously worked in the financial services industry at Fortune 500 companies for nearly two decades, during which time she had extensive involvement with clients. After leaving the corporate world 13 years ago, Laurie has bought, remodeled and sold 11 homes. She decided to become an agent so she could put her analytical skills to work to help others find the right property for their needs and budget.
Westerly
- Nicholas Felicetti: A recent graduate of the University of Rhode Island, new sales associate Nick Felicetti has joined Randall, Realtor’s Westerly office. Before embarking on a career in real estate, Nick served as Golf Operations Supervisor at the Shelter Harbor Golf Club in Westerly and worked in golf operations at the Country Club of Florida. Through his experience as a leading manager at a five star service operation, Nick understands the importance of delivering unparalleled customer service.
About Randall, Realtors
Randall, Realtors owns and operates five Rhode Island and three Connecticut real estate offices specializing in the coastal, southern New England real estate market. Randall, Realtors is part of The Randall Family of Companies, which also operates Pequot Commercial and Page Taft Real Estate in Connecticut, and Kinlin Grover Real Estate on Cape Cod.
For information on the southern New England coastal market, or access to the Randall, Realtors, Page Taft or Kinlin Grover web sites, visit www.coastalnewenglandliving.com. Randall, Realtor’s web site can be accessed directly at www.randallrealtors.com.
It’s A New Year! Resolutions from Rhode Island Business Leaders…
Arthur Yatsko
2016 President, Rhode Island Association of REALTORS®
My New Year’s resolution is to help make the RI Association of Realtors an even greater asset to our members and the communities they serve. We can accomplish that by promoting the importance of housing as an economic driver and by helping to facilitate an environment in which all Rhode Islanders can meet their housing goals. By embracing the National Association of Realtors recently adopted Commitment to Excellence, our state association can be an impactful vehicle for positive change.
Gina Raimondo
Rhode Island Governor 
My New Year’s Resolution is to continue to expand opportunities so everyone can make it in Rhode Island. I will be working hard in 2016 to see that all Rhode Islanders have opportunity by building skills, creating jobs and innovating in government. We all have a role to play in Rhode Island’s comeback. Together, we are rebuilding our state’s middle class. We have momentum – it’s working. A happy and healthy New Year to all Rhode Islanders!
Maria Gemma
Executive Director, Gloria Gemma Cancer Research Foundation 
The team of the Gloria Gemma Breast Cancer Resource Foundation is excited to enter 2016 with an ambitious vision of providing even more breast cancer education and resources to the many diverse communities of Rhode Island. In a state where 1 in 6 women will be touched by breast cancer, many individuals and families need a support structure to help them navigate through turbulent time in their lives.
HousingWorks RI at RWU Report: Foreclosures in Rhode Island Q3 2015
PROVIDENCE, RI – HousingWorks RI at Roger Williams University (HWRI) released its analysis of foreclosures in Rhode Island for Q3 2015. The report looks at the number of residential foreclosures in each of Rhode Island’s 39 cities and towns and offers regional comparisons.
Quick Glance Findings:
- 184 residential foreclosure deeds were filed in Rhode Island during Q3 2015 compared to 382 in the same quarter of 2014, a 52 percent decline.
- For the first three quarters of 2015, there were 905 residential foreclosure deeds filed in Rhode Island, a decrease of 27 percent from the same three-quarter period in 2014.
- Locally, nine municipalities and the East Side of Providence reported increases in foreclosure deeds filed in the first three quarters of 2015 when compared to the same time period in 2014. Twenty-nine municipalities reported decreases and one reported no change.
- The percent of seriously delinquent loans in Rhode Island continued its decline to 4.96 percent in Q3 of 2015, but is still ranked second highest of all New England states and fifth in the nation. The national seriously delinquent loan rate is 3.57 percent.
“It is encouraging to see the state rate of residential foreclosures continue to decline,” said Jessica Cigna, research and policy director for HousingWorks RI at Roger Williams University. “This is tempered, however, by the number of homeowner households that are still burdened by housing costs.”
Another cautionary statistic, according to Cigna, is Rhode Island’s high percentage of “underwater” mortgages, those with balances higher than home value. Rhode Island’s statewide percentage of underwater loans, at 12.3 percent was the fourth highest in the country in Q3 2015, as reported by CoreLogic. “The high percentage, while down 2.5 percentage points from a year ago, shows that Rhode Island’s housing economy still faces substantial challenges, especially when this statistic is looked at in combination with the percentage of seriously delinquent loans,” Cigna said.
The Quarterly Report on Foreclosures in RI is made possible with support from Rhode Island Housing.
The report is available for download at: www.HousingWorksRI.org
About HousingWorks RI
HousingWorks RI is a program of Roger Williams University. HousingWorks RI at Roger Williams University is an authoritative source of information about housing in Rhode Island. We conduct research and analyze data to inform public policy. We develop communications strategies and promote dialogue about the relationship between housing and the state’s economic future.
HousingWorks RI envisions a Rhode Island in which communities embrace a variety of housing choices so that residents, regardless of income, can live in healthy, quality homes in vibrant and thriving neighborhoods.
November Home Sales Activity Up in RI
WARWICK, RI – Year over year gains in sales activity in Rhode Island’s single family home market were reported by the Rhode Island Association of Realtors today. Both closed sales and sales under contract rose by double digit amounts in November. Completed sales rose by 14 percent while pending sales increased ten percent from 12 months earlier. Activity in the single family home market has risen steadily each month for the past year.
The median sales price of single family homes sold in November rose to $220,000, up from $207,500 in the prior year, a six percent increase. November’s solid sales numbers continue a trend that indicates that Rhode Island is experiencing one of the healthiest housing markets in years.
“Sales levels may have jumped a bit due to the impending rise in interest rates but I don’t foresee a substantial decrease in activity if we see a moderate rise in interest rates next year. Unlike most of the country which experienced a sharp decline in inventory, Rhode Island’s housing market still has a good balance between supply and demand. We haven’t seen a deep shortage of housing stock so we shouldn’t see prices skyrocket. Even with the recent small increase in the federal rate, homes will remain affordable,” said Arthur Yatsko, president of the Rhode Island Association of Realtors.
The multi-family home market saw even stronger gains in November, with sales rising 33 percent and median price rising by 15 percent. Sales under contract however, decreased almost four percent, indicating that a slowdown in sales activity is likely in the next few months.
While the condominium market saw a 15 percent increase in sales in November, the median sales price fell by 16 percent. Even with a nine percent decrease in inventory in November, there was still a seven-month supply of condominiums for sale. Buyers therefore, may have a slight edge. A six-month supply is considered to be a balanced market by most industry experts.
About the Rhode Island Association of REALTORS®
The Rhode Island Association of REALTORS®, one of the largest trade organizations in Rhode Island with more than 4,400 members in approximately 750 offices, has been serving Rhode Islanders since 1948. Advocating for Rhode Islands property owners, the Rhode Island Association of REALTORS® provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.
The Association is one of more than 1,400 local boards and associations that comprise the National Association of REALTORS® (NAR). The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing over 1.2 million members involved in all aspects of the residential and commercial real estate industries and who subscribe to a strict Code of Ethics.
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
