Housing
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Report: Home ownership ‘out of reach’ for many R.I. Latinos
Home ownership is out of reach for the average Latino household in Rhode Island, according to data from the Latino Policy Institute at Roger Williams University and HousingWorks RI. more
| 2/27/13
Pending sales of U.S. existing homes rise more than forecast
Contracts to purchase previously owned U.S. homes climbed more than forecast in January, a sign the industry will keep strengthening this year. more
Negative equity increases in 2012 4Q in Providence metro area
The number of Providence-area homeowners who owe more on their mortgages than their houses are worth increased in the fourth quarter of 2012, Corelogic said Tuesday. more
Housing starts in U.S. climb as building permits pick up
New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping boost the economy. more
Foreclosure rates in Providence metro rise slightly in January
The Providence-Fall River-New Bedford area foreclosure rate rose 0.01 percentage points in January compared with the same period in 2012, CoreLogic said Monday. more
| 3/25/13
Housing crash fades as defaults decline to 2007 level
Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened. more
Report: Housing crisis hit harder in communities of color
Providence communities lost more than $200 million in wealth due to the foreclosure crisis in 2012, according to the “Wasted Wealth” report from the Alliance for a Just Society. more
| 5/28/13
Providence housing market ‘dangerous’ for investors
A new report has shown that Providence is the only one of the country’s top 100 housing markets that is currently classified as “dangerous” for investors, bucking generally positive national trends for home buyers, HomeVestors of America Inc. and Local Market Monitor reported late last week. more
Improving market could create more ‘pinballs’
In the real estate brokerage field they’re known as “setups” or “pinball” homes, and this spring’s improving conditions in some markets could be stimulating more of them. more
6/25/12
Valuations in 2012: A matter of appreciation
Are some appraisers failing to see the improvements in real estate values under way in local markets that have recently bottomed out and turned positive? When multiple bids push a house price thousands of dollars above what the seller is asking – not unusual in neighborhoods where demand is particularly robust – are appraisers still coming in with values below the agreed-upon contract number? more
7/2/12
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