"R.I. saw slight improvement in housing supply in August, but a significant housing shortage remains. The recent reduction of 50 basis points in the funds rate by the Federal Reserve will give builders access to more affordable credit terms, and the housing legislation passed this year should eliminate some of the roadblocks that hindered development. Building more homes is the most significant focus to address this imbalance."
"Those trends have wavered each month. Just one month prior, both the median price and closing activity of condominiums were up significantly from the previous year, indicating that the condo market is particularly volatile at the moment."
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