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RI median home price hits $529,000 as first-time buyers squeezed out of market
Rhode Island's median single-family home price reached $529,000 in April, nearing last year's record high, while inventory remains at 1,333 listings statewide—far below the pre-pandemic 3,398 listings. The median age for first-time buyers has risen to 40, as affordability pressures intensify. Multi-family home prices also remain elevated at $616,000.
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Rhode Island health insurers miss cost control target for second consecutive year
Rhode Island's four major commercial insurers exceeded the state's voluntary 5.1% cost growth target in 2024, with actual growth hitting 9.1%—nearly double the goal. Total healthcare spending reached $10.25 billion ($10,901 per resident). State Insurance Commissioner Cory King now proposes enforceable sanctions after two years of voluntary targets failing to control costs.