Mortgage rates moved lower today, with the average 30-year fixed mortgage rate and both key refinance rates declining from the previous day. The broad-based drop gives buyers and homeowners some relief as borrowing costs ease.
➡ Rhode Island buyers are gaining more negotiating power as housing inventory grows and the market becomes slightly more balanced.
➡ Rhode Island's new luxury second-home tax has officially taken effect, creating new costs for certain high-value non-owner-occupied properties and marking a significant shift in the state's housing and tax policy.
➡ Rhode Island awarded $7.5 million to expand homeownership opportunities and support the construction of new owner-occupied homes across the state.
RE Trivia (Answer) 🧠
Hong Kong, where limited land and intense demand have made parking spaces some of the most valuable small pieces of real estate in the world. A single parking spot in a luxury development has sold for more than $1 million
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