Month: February 2022

New pilot program could give first time homebuyers in Rhode Island an opportunity to buy their first home

February 25, 2022
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Rhode Island governor Dan McKee announced a new program last week that could help first time homebuyers buy their first home. The program is called FirstGenHomeRI. It is only available in select communities right now but if you are a first generation, first time homebuyer, you could be eligible for up to $25,000 towards a down payment. The program could be very helpful for first time homebuyers who may not…

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Community Spotlight: Mansfield

February 12, 2022
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Active Single Family Listings: 3 2021 Median Sale Price: Median Sale Price for January: $695,000 Closed Sales in 2021: 20 Pending Sales to Date: 7 Cumulative Days On Market: 29 Mansfield Town Facts: Mansfield is a medium sized community. It has a population of 23,860 people with four primary neighborhoods. 87% of the workforce in Mansfield works in white collar jobs. The average commute time for Mansfield residents is 33 minutes. The per…

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Interest rates are going up. What does it mean for buyers short term and long term

February 12, 2022
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Interest rates are climbing. It is a trend that started last year. The average rate for a 30 year fixed mortgage was 2.65% in January of 2021. Rates have gradually increased since. They peaked for the year in December at 3.1% percent. Rates have continued to climb since the start of the new year and are currently 3.45% for a 30 year fixed mortgage. Unfortunately this was coming. Real estate…

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