NEW YORK (CNNMoney) -- Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.
Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter. http://money.cnn.com/2012/07/24/real_estate/home-values/index.htm?source=linkedin
Home sales climb for 12thconsecutive month
Statistics released by theRhode Island Association of REALTORS® today show that sales continued to climbin the Rhode Island housing market in June. With a 17 percent increase fromJune 2011, June marked a full year of increased monthly single family homesales from the prior year. The increase in sales has caused the supply of homeson the market to fall steadily. Median price fell six percent fromJune, 2011, to $202,500 but rose from $195,000 in May. Pending sales, thoseunder contract but not yet closed, continued to rise for the 13th consecutivemonth. All trends point to a market that is regaining stability.
To read full article and see accompanyingstatistics, visit riliving.com/pressreleases.
By Kerry Kohring
SNA board member
The city is unilaterally instituting overnight on-street parking throughoutthe city without the approval of residents or their elected representatives,the City Council.
According to the city’s web site, what began last year on the West End as a“pilot overnight parking program” will be expanded to all other parts of thecity “through the spring and summer, neighborhood by neighborhood.” There is nospecific timetable as yet for implementation in the Summit neighborhood, butwhen it comes, this is what will happen.
A window sticker will be provided, and must be applied to the upper lefthand corner of the rear window. Once the permit sticker is applied, residentscan park overnight in a legal spot on a street designated by street signs as an‘overnight parking’ street. Street signs will read, NO PARKING 2:00 AM TO 5:00AM EXCEPT BY RESIDENT PERMIT,” the web site says.
This means that any vehicle with a sticker may park overnight anywhere on adesignated street anywhere in the city without regard to the wishes of thepeople who live on that street. There is no indication as to how the city chosewhich streets are to be included, but there is an “opt-out” provision thatrequires signatures from two thirds of the residents on that street declaringthey choose to not participate. Anyone seeking to exempt a street will beresponsible for collecting the signatures of two thirds of the residents of theentire street, not just a block or two.
A color-coded map of the streets of Summit and their classification as to noparking, parking on one side and parking on both sides.
[Click image for PDF map]
The permits are $100 per year, with a limit of two permits perhousehold/unit. Buildings with six units or more will not be eligible for theprogram unless they can demonstrate a significant hardship (lack of off-streetparking). Under these rules, any building that does not now have adequateoff-street space will be allowed to park two vehicles per unit on any streetsimply by declaring that it doesn¹t have room to accommodate them.
Further, the web site declares, the program will provide an economic boostto property owners and realtors who historically have difficulty findingtenants when they don’t have a driveway or parking lot to offer. This impliesthat landlords who are now limited as to the number of units in a rentalproperty will be able to cram more into a building by putting two cars per uniton the street.
In addition, there will be $25 guest passes that will allow an additionalcar per household unit to be parked on the street, up to five times permonth. The current practice of calling the police to request that anovernight guest not be ticketed will no longer be allowed.
The resident must be a part of the overnight parking program in order tohave an overnight guest. To obtain the overall permit, residents will berequired to go to Providence Municipal Court at the Public Safety Complex, 325Washington St., with a valid, original Rhode Island registration that shows theaddress of a street in the pilot parking area.² Any outstanding tickets on thevehicle registration must be paid and residents will be required to provide avalid email and/or cell phone number that the city will use to provide parkerswith information about parking bans during snow storm and other weather events.
Holders of the permits will be advised whenever a snow emergency or otherparking ban is declared, and will be responsible for removing their cars fromthe street for the duration of the ban. Vehicles parked on a designated streetfrom 2-5 a.m. during a parking ban are subject to a $20 citation.
The city’s web site declares that the program, supported by Mayor AngelTaveras, will provide an economic boost, improve the quality of life for manywho live in the city and make Providence a greener city. It doesn’t address howbringing more cars onto city streets will make Providence greener.
The web site announcement also doesn’t allow for citizen input in thedecision-making process. It states only that “The city’s Parking Administratorwill conduct a series of information sessions in affected neighborhoods (to)explain expansion of overnight parking and answer any questions.” TheProvidence City Council, openly divided on the plan, has declined to endorseit.
The Summit Neighborhood Association Board of Directors, at its meeting April23, voted to poll neighborhood residents as to the desirability of lifting thelong-standing overnight-parking ban and the provision of setting only an“opt-out” procedure. Complete results of the poll are not in yet, butwill be published here.
The board also directed its president to convey to the mayor and otherneighborhood organizations three points: That the SNA board disapproves ofbypassing the City Council on expanding the “pilot project” of lifting the bancity wide; that the board supports transparency in the decision process; and thatthe board demands a public voice in that process.
With 12 properties in PENDING and more being negotiated, I can back up National Association of Realtors claim of "Pending home sales rise to highest level in 2 years". To read more...
As realtor, we are not really allowed to make comment on the relative safety of a particular neighborhood. There is so much liability attached to our opinions that an outside resource was desparately needed.
Welcome Crime Reports Web Site to the scene. This site is just the tool that we have needed. Enter your address, select the criteria that you would like to be informed about and take a look at the results. Click on the link and try it out. Its amazing.
Pilot program to be rolled out across the city through spring and summer.
The City of Providence is expanding its pilot overnight parking program to include other parts of the city. The pilot program's expansion will be phased-in through the spring and summer, neighborhood by neighborhood, starting in Federal Hill, the West End and South Providence/ Washington Park.
Last year, the Taveras administration developed an overnight parking proposal that would encompass the entire city and provide residents the opportunity to apply for on-street parking permits. To date, the City Council has not acted on the measure.
Providence's ban on overnight parking was established in 1929, when automobiles still shared the streets with horse-drawn carts. More than 80 years later, Providence is one of the only cities of our size in the country that still doesn't allow overnight parking.
Overnight parking will provide Providence with an economic boost, improve the quality of life for many who live in the city and make Providence a greener city.
Overnight parking is an important source of revenue for the city and will provide the city with a sustainable, annual source of income. These permits are part of the structural reforms Mayor Taveras supports to get Providence on stronger financial ground and position the city for future progress.
At the same time, the new overnight parking policy will ease the hunt for affordable housing and providence an economic boost to property owners and realtors who historically have difficulty finding tenants when they don't have a driveway or parking lot to offer.
Overnight parking permits are $100 per year, with a limit of two permits per household/unit. Buildings with six units or more will not be eligible for the program unless they can demonstrate a significant hardship (lack of off-street parking). Residents will also have the opportunity to purchase one $25 guest pass per household that can be used up to five times per month. Visitor passes will be available beginning in June.
The pilot overnight parking program will be rolled out across the city according to the following schedule:
- On April 16, the expanded overnight parking pilot takes effect in all of Wards 13 (Federal Hill, part of the West End)
- On April 23, overnight parking will take effect in all of Ward 10 (lower South Providence/Washington Park).
- On April 30, the application period for Wards 15 (Silver Lake and part of Olneyville), 11 (Silver Lake and part of Olneyville) and 9 (South Elmwood) begins, and the week of May 14 overnight parking begins in Wards 15 (Silver Lake and part of Olneyville), 11 (Silver Lake and part of Olneyville) and 9 (South Elmwood).
- On June 4, the application period for Wards 8(Reservoir, part of the West End), 12(Smith Hill, part of the Valley), 7(Hartford, part of Silver Lake) and 6 (Manton) begins, and the week of June 18 overnight parking begins in Wards 12(Smith Hill, part of the Valley), 7(Hartford, part of Silver Lake) and 6 (Manton).
- Rollout into the remaining wards and neighborhoods will follow the initial expansion on a timeline to be determined.
Streets in areas designated for overnight parking may opt out of the program by collecting signatures from two thirds of the residents on that street declaring they choose to not participate.
The city's Parking Administrator will conduct a series of information sessions in affected neighborhoods explain expansion of overnight parking and answer any questions. The first information session was held on April 10 at the WBNA in the West End. Other information sessions are tentatively scheduled as follows:
- April 25 at 7PM: Fox Point Neighborhood Association, 51 Sheldon Street
- May 1 at 7PM: Washington Park Community Center, 42 Jillson Street
- May 15 at 7PM: SWAP Offices, 439 Pine Street
- June 13 at 7PM: Carroll Towers, 243 Smith Street
- June 20 at 7PM: Silver Lake Community Center, 529 Plainfield Street
It's easy for eligible residents to apply for an overnight parking permit. Simply come to Providence Municipal Court with a valid, original Rhode Island registration that shows the address of a street in the pilot parking area. Municipal Court is located on the first floor of the City of Providence Public Safety Complex, 325 Washington Street, between Dean Street and Service Road #7. Applications can be made Monday through Friday from 8:30AM to 3:00PM.
Any unpaid tickets issued on the vehicle registration must be paid in order to obtain a parking permit. Residents will be required to provide a valid email and/or cell phone number that the city will use to provide parkers with information about parking bans during snow storm and other weather events.
A window sticker will be provided, and must be applied to the upper left hand corner of the rear window. Once the permit sticker is applied, residents can park overnight in a legal spot on a street designated by street signs as an 'overnight parking' street. Street signs will read, "NO PARKING 2:00 AM TO 5:00 AM EXCEPT BY RESIDENT PERMIT."
Residents with overnight parking permits will be advised whenever a snow emergency or other parking ban is declared, and will be responsible or removing their cars from the street for the duration of the ban. Vehicles parked on a designated street from 2- 5AM during a parking ban are subject to a $20 citation.
The Deadline to File for the Providence Homestead Tax Exemption Has Been Extended
The clock is ticking to get your paperwork in if you live in the house you own in Providence. Providence is one of the handful of cities and towns in Rhode Island who offer a tax break for occupying the house you own in the Capitol City. Providence allows a 50% tax break from the assessed value of your house. BUT, to get the exemption, you have to file paperwork by April 6, 2012.
Don’t have the necessary paperwork? Don’t stress…click here to download them.
It's a tool used by house flippers all across the nation. Stagers know its power. Real estate agents push its importance. What is this not-so-well-kept secret of real estate? A kitchen can sell a house. Read more...
I'm glad to say that one of my clients has put an offer in on the house next to mine on Hope St. the offer is being negotiated and we're close to a deal. Keep your fingers crossed that we get some nice new neighbors.
Link to full Listing for 625 Hope St
I am often amazed at what people call a master bathroom, and often surprised that owners don't take credit where credit is due. In my mind, a master bath needs connected to the master bedroom. Beyond that, its up to the owner's imagination.
I would like to ask the people out there, "What really constitutes a master bathroom?"
If you have any pictures that you can email me, I will gladly post them for comments... Here are the results from a recent Zillow Bathroom Renovation Duel:
Zillow Top Bath Renovations