Housing
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Picerne signs $72M partnership deal with U.S. Army
Picerne Military Housing, a division of the Corvias Group, has closed a $72 million public-private partnership deal with the U.S. Army to build on-post barracks. more
| 12/18/12
Housing starts in U.S. post best 3 months in 4 years
Builders in November capped the strongest three months for residential construction in four years and permits climbed as record-low borrowing costs buoyed the U.S. housing market. more
A nightmare for underwater homeowners
Patrick Boris, a banquet chef in Las Vegas, is inching closer to his own “fiscal cliff,” 2,100 miles away from the political brinksmanship under way on Capitol Hill. If Congress and the White House allow the country to go over the cliff, Boris figures he could owe federal income taxes on more than $100,000 in forgiven mortgage debt following the short sale of his two-bedroom townhome next year – a personal financial “disaster,” in his words. more
12/31/12
Foreclosures, delinquencies fall across the board in October
The Providence-Fall River-New Bedford area foreclosure rate dropped 0.33 percentage points in October compared with the same period last year, CoreLogic said Thursday. more
| 12/20/12
Rhode Island Housing foreclosure counseling part of $1B U.S. effort
Since bringing the National Foreclosure Mitigation Counseling program to Rhode Island in 2007, the HelpCenter at Rhode Island Housing has provided foreclosure prevention counseling to more than 14,000 Rhode Islanders, the organization announced Thursday. more
| 12/27/12
New home sales decline, blemishes best year since 2009
Purchases of new U.S. homes unexpectedly decreased in December, a temporary blemish as the industry wrapped up its best year since 2009 to emerge as a bright spot for the economy. more
State kicks-off ‘RhodeMap RI’ economic development initiative
More than 100 Rhode Island residents, business owners, state officials, local planners and lawmakers gathered at the Statehouse on Thursday night to kick off RhodeMap RI, a year-long project to create statewide economic development and housing plans that link with strategies for future development, transportation, land use and the environment. more
| 5/24/13
First half of 2012 brought more home sales, lower prices
The real estate market in the first half of this year showed a rise in sales and a decrease in median price from the same six-month period in 2011. more
Underwater mortgages in metro area drop to 21% in 3Q
In the third quarter of 2012, 21 percent of the residential properties with a mortgage in the Providence-New Bedford-Fall River area were underwater, CoreLogic said Thursday. more
| 1/17/13
Sales of U.S. existing homes decrease on lack of supply
Sales of U.S. existing homes unexpectedly dropped in December as the lowest supply in more than a decade cut into the industry’s best year since 2007. more
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