Daily Briefing: Pop goes RI's short-term rental market

Think it's been hot in RI? Take a visit to Death Valley. Advertisement [eNewspaper]( | [Crosswords]( | [Horoscopes]( [Read in browser]( [Read in browser]( The Daily Briefing YOUR MORNING NEWS ROUNDUP Tue Jul 18 2023 Will Richmond | Managing Editor Communities & R.I. [@Will_Richmond]( Good morning, I'm Will Richmond at The Providence Journal and this is the Daily Briefing. With seemingly constant rain and high humidity it's been a tough summer for everyone and after a couple of years of booming business short-term rental owners are starting to see a dip in the market. I'm sure there will be plenty of people reading that and thinking good. The investment in short-term rental properties in recent years as brought criticism as home prices increased and those looking to purchase a home to call their own have been squeezed out of the market. Those concerns are legitimate. That said, there is a place for short-term rentals and in a state that counts on tourism as an important piece of the economy these homes are part of that important equation. [Rental Market 7] What does the short-term rental market look like this year? 65 Southwest Road, Narragansett with real estate agent Karisa Ford. David DelPoio As The Journal's Wheeler Cowperthwaite found out, some communities are being hit especially hard. Wheeler found that in Narragansett vacation rentals were being booked months in advance in past years. Now, a few are staying vacant and often, bookings are happening at the last minute. In Newport, a new owner-occupied requirement has changed the market. Meanwhile, across the state, renters are finding themselves in a position to make demands from rentees. What does this mean for hotels and for those short-term operators? [Check out Wheeler's story and find out.]( For all the latest news to stories you'll find nowhere else, The Providence Journal has it covered. [Check out our latest offer and subscribe today.]( WORTH A READ 🌡️ Death Valley's scalding temperatures draw visitors: [What does 128 degrees feel like?]( 😨 In recent years, new species of ticks have begun to move in from the South, and warmer temperatures have allowed both the [newcomers and ticks indigenous to Cape Cod to thrive](. 📰 [These diverse students got to Brown during affirmative action.]( They worry about its future. [Today's Weather]( ⛅ Humid with some sun; a thunderstorm in spots late in the afternoon; smoke from distant wildfires can cause poor air quality. Highs in the mid-80s. TOP STORIES [Heading to the beach? What RI's new shoreline access law means for you]( [Beachgoers sit on a narrow strip of coast near Town Way in Little Compton. 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