Updated December 7 at 12:28am
Economic Indicators
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Services, the biggest part of the U.S. economy, shrank this month for the first in more the two years, hurt by a late-January snowstorm that blanketed the East Coast and a dearth of orders. more
Purchases of new homes dropped more than forecast in January as contract signings slumped in the western U.S. by the most since May 2010. more
The housing market continued its year-long rise in January, ending the month with a nearly 10 percent increase in median sale price among single-family homes, according to the Rhode Island Association of Realtors. more
Providence is one of the worst state capitals to live in in the country, according to WalletHub’s latest survey. more
Foreclosure rates in the Providence-Warwick metropolitan area and Rhode Island increased in December compared with December 2014, while mortgage delinquency rates fell during the same time frame, according to CoreLogic. more
Consumer confidence slumped in February as households grew more concerned about the outlook for the economy and jobs. more
Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest pace since early 2007, indicating the industry will keep prospering. more
Another list, another poor showing for Providence. Apartment List, an online rental marketplace, gave Providence a grade of D on its list of the “Best Cities for Young Families.” more
(Updated 12:42 p.m.) Helped by milder weather, Massachusetts single-family home sales climbed more than 25 percent in January to 3,422 compared with 2,736 a year ago, The Warren Group, publisher of Banker & Tradesman, said Tuesday. more
Gasoline prices in Rhode Island fell for the 12th consecutive week, dropping another 4 cents, to $1.77 per gallon for self-serve, regular unleaded, AAA Northeast said Monday. more
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