Housing
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Report: 29.4% of Providence area homes ‘underwater’
In the second quarter, 29.4 percent of all homes in the Providence-Fall River-New Bedford area were worth less than the outstanding balance on their mortgage, down .01 percentage point from the first quarter, Zillow said Thursday. more
Homes sales in R.I. climb again in July
Rhode Island single-family home sales climbed 22 percent in July compared with the same period last year, the 13th consecutive month of year-over-year sales gains. more
East Side properties sell for $5M
Walter L. Bronhard Real Estate has purchased five buildings on the East Side of Providence, most in the historic Benefit Street corridor, for just under $5 million. more
Housing starts in U.S. fall as permits reach 4-year high
New-home construction in the U.S. fell in July, while the number of building permits jumped to the highest level in four years, indicating the industry will keep improving in the second half of the year. more
100-year-old Caboose heads to auction
One of Rhode Island’s last original cabooses, part of the original Narragansett Train Station, is to go to auction on Saturday, Aug. 18. more
Nortek moves into the black in 2Q
Nortek Inc. reported net income of $18.5 million, or $1.19 per diluted share, during the second quarter of 2012, compared with a net loss of $31.9 million, or $2.11 per diluted share a year earlier, the company announced late Thursday. more
| 8/10/12
Providence area foreclosure filings plunge 30%
Foreclosure filings in the Providence-Fall River-New Bedford area plunged 30 percent in July compared with the same period in 2011 and new foreclosure starts fell 26 percent, RealtyTrac said Thursday. more
Providence-area home prices fall 1.7% in June
Single-family home prices in the Providence-New Bedford-Fall River area dropped 1.7 percent in June compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
| 8/7/12
Newport estate sells for $8.5M
A 4.36-acre waterfront Newport estate with view of Jamestown and Narragansett Bay has sold for $8.5 million, Lila Delman Real Estate announced Monday. more
U.S. mortgage closing costs decline 7.4% as lenders compete
Mortgage closing costs in the U.S. declined in the past year as lenders competed to attract qualified borrowers, Bankrate Inc. said. more
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