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RI RENTAL NEWS | PROVIDENCEThe proposed 4% Providence rent cap is not law.Providence City Council passed the rent-stabil...
09/05/2026

RI RENTAL NEWS | PROVIDENCE

The proposed 4% Providence rent cap is not law.

Providence City Council passed the rent-stabilization ordinance in April, but Mayor Brett Smiley vetoed it. The Council’s May 15 attempt to override the veto failed.

That means the proposed 4% annual rent cap never took effect.

This is important for both renters and landlords because older articles and social media posts discussing the proposal are still online and can easily be mistaken for current law.

Bottom line: Providence does not currently have a 4% annual rent cap.

RIHousing Mortgage Rates | September 4, 2026Here’s a look at today’s posted RIHousing mortgage rates:FHA / VA / RD Purch...
09/05/2026

RIHousing Mortgage Rates | September 4, 2026

Here’s a look at today’s posted RIHousing mortgage rates:

FHA / VA / RD Purchase
6.250% | 7.047% APR

FHA 203(k) Purchase/Rehab
7.375% | 8.327% APR

FHA Refinance
7.125% | 7.940% APR

Conventional Purchase/Refinance
7.000% | 7.563% APR

Rates were posted by RIHousing as of 10:00 AM today and are subject to change without prior notice. Posted rates are for 20- or 30-year terms with zero points; 20-year terms are conventional only.

I’ll be sharing the updated RIHousing rates as they’re posted so Rhode Island buyers can keep an eye on where financing is moving.

Something is changing in Rhode Island’s rental market.Statewide asking rent is sitting at $2,200 and below last year, Pr...
09/05/2026

Something is changing in Rhode Island’s rental market.

Statewide asking rent is sitting at $2,200 and below last year, Providence is around $2,100 and below last year, available rental inventory has increased, and Zillow is now describing renter demand in Providence as cool.

That gives you three audiences from one story:

Renters: More choices may mean more negotiating opportunity.

Landlords: Pricing a vacancy correctly is becoming more important.

Investors: Don’t underwrite tomorrow’s deal using yesterday’s rent-growth assumptions.

PC offers a Pre-Engineering B.S. and a 3+2 engineering program. Students spend their first three years at Providence Col...
08/31/2026

PC offers a Pre-Engineering B.S. and a 3+2 engineering program. Students spend their first three years at Providence College studying engineering, physics and mathematics before completing the engineering portion at an affiliated university.

So I’m sure there are a few engineering students in this crowd who can tell us whether this is a good idea.

School is back in session. The parties have started. College students are doing what college students do.

But seeing this many people packed onto elevated decks should get everyone’s attention.

The homes immediately surrounding Providence College are generally well maintained, but Providence also has plenty of older student rentals with older decks, porches and balconies. You don’t necessarily know their condition, when they were last inspected, or what kind of load they were designed to support.

Parents, this might be one of those random conversations worth having with your college student.

If the deck is packed, stay off it.

Have fun. Make memories. Look out for each other.

RHODE ISLAND RENTAL NEWSRhode Island renters may finally be seeing a little relief.Average asking rent across the state ...
08/31/2026

RHODE ISLAND RENTAL NEWS

Rhode Island renters may finally be seeing a little relief.

Average asking rent across the state is now $2,200 per month, according to Zillow’s latest rental data.

That’s unchanged from last month and $99 lower than a year ago.

There were also roughly 2,905 rentals available in Zillow’s dataset.

After years of rising rents and renters competing for a limited number of apartments, this is worth watching.

More available rentals means more choices. More choices create more competition between landlords. And that can eventually lead to slower rent increases, better pricing and more concessions.

Rhode Island is still an expensive place to rent.

But for once, the rental market may be moving a little more in the renter’s direction

Florida, you full? We got ya!!! 🥹🥹🥹Rhode Island’s newly released development dashboard is tracking 155 state-supported d...
08/28/2026

Florida, you full? We got ya!!! 🥹🥹🥹

Rhode Island’s newly released development dashboard is tracking 155 state-supported developments totaling 8,305 housing units.

Providence — 2,574 units
Lincoln — 491
Cumberland — 476
West Warwick — 428
Coventry — 425

We hear constantly that Rhode Island needs more housing.

Maybe it does.

But 8,305 additional housing units also means something else.

More cars on our roads.
More students in our schools.
More traffic crossing our bridges.
More patients looking for primary care doctors.
More people trying to get appointments with specialists.
More demand on our hospitals.
More demand on police, fire, EMS, water, sewer and other municipal services.

Housing doesn’t exist in a vacuum.

If Rhode Island is going to aggressively increase housing production, the conversation can’t stop at “How many units can we build?”

It also needs to include:

Can our infrastructure and public services handle the population we’re building for?

Because adding thousands of housing units is one plan.

Making sure Rhode Island can support the people who will live in them is another.

There was a time when a decent job in Providence could buy you a decent house.Not a luxury home. Not a dream house. Just...
08/25/2026

There was a time when a decent job in Providence could buy you a decent house.

Not a luxury home. Not a dream house. Just a regular house in a regular neighborhood.

Today, many of those same houses cost $400,000, $500,000 or more.

Two people can work full-time, make what would have been considered very good money not that long ago, and still struggle to qualify.

The jobs didn’t disappear.

The work ethic didn’t disappear.

The math changed.

🫨🫨Yesterday, the Rhode Island Commerce Corporation board unanimously approved $9.5 million in additional state incentive...
08/25/2026

🫨🫨Yesterday, the Rhode Island Commerce Corporation board unanimously approved $9.5 million in additional state incentives for the long-delayed Superman Building redevelopment at 111 Westminster Street in Providence.

The project cost has climbed from roughly $220 million to $327 million, while the planned residential component has increased from 285 to 308 apartments.

About 20% are expected to be affordable.

On the way to 7 Eleven to grab popcorn.

I remember when being broke required a little strategy.Write a check at Walmart on Monday and you knew it probably wasn’...
08/24/2026

I remember when being broke required a little strategy.

Write a check at Walmart on Monday and you knew it probably wasn’t hitting your account until Thursday or Friday. Payday was Thursday. You were good.

Need gas Wednesday night? Swipe your debit card at the pump, get the $1 hold, fill the tank and make it to payday.

Pay a bill with your routing and account number? You knew you probably had a day or two before it actually came out.

We weren’t calling it anything fancy. We just knew how long things took to clear.

Today, everything is instant.

Buy something. Money gone. Pay a bill. Money gone. Swipe your card. Money gone.

Technology eliminated the float.

Everything got faster. Everything got more convenient.

Even being broke.

You can make a good living, have solid credit, save money, stay out of trouble financially and STILL look at today’s hou...
08/23/2026

You can make a good living, have solid credit, save money, stay out of trouble financially and STILL look at today’s housing market and think:

How the hell did we get here?

That’s the part of the housing conversation people keep missing.

A generation ago, a decent job could put a pretty ordinary house within reach.

Today, two people can work full-time, earn respectable incomes, have good credit, and still look at the payment on a starter home and wonder how they’re supposed to make the numbers work.

This isn’t just people complaining.

The math changed.

Home prices have grown much faster than household incomes.

Interest rates took away a huge amount of buying power.

Taxes and insurance have climbed.

And the houses people used to call “starter homes” aren’t being sold at starter-home prices anymore.

Yes, people should work hard.

Yes, they should save.

Yes, they should be careful with debt.

But we need to stop pretending every person struggling to buy a home just needs to budget better or work harder.

You can’t out-budget a housing market that has been outpacing incomes for years.

For a lot of younger buyers, the American Dream didn’t disappear.

It just got a hell of a lot more expensive.

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