Housing
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Foreclosures in metro drop in August
Lenders initiated 31 percent fewer foreclosures on Providence metropolitan-area homes during August than they did during the same period last year, RealtyTrac said Thursday. more
Underwater mortgages in R.I. drop 2.8% in 2Q
The number of underwater homes in Rhode Island dropped 2.8 percent in the second quarter. There were 51,727 properties in the Ocean State worth less than the outstanding mortgages on them in the April-June period of 2012, according to the Santa Ana, Calif.-based real estate data firm, down from 53,208 in the first three months of the year. more
| 9/12/12
Twenty years on, court ruling changes condo law
Two decades after Rhode Island was rocked by the 1990s credit union crisis, lingering complications of the Depositors Economic Protection Corp. era are still being unraveled in unpredictable areas, such as condominium development. more
Providence G looks to inject life in Downcity
For many months, workers and visitors to Providence’s Downcity neighborhood have wondered what that big plastic covering on a building at the corner of Weybosset and Dorrance streets was about. more
9/10/12
Bureau wants you to get appraisal info early
The Consumer Financial Protection Bureau wants you to see the full appraisal report on the house you’re buying or refinancing as early in the mortgage process as possible, and without your having to ask the lender for it. more
9/10/12
JWU condo deal a major market sign
In every way but one, Capitol Cove in Providence was finished at the worst possible moment for a condominium complex. more
JWU signs 10-year lease on Capitol Center condos
Johnson & Wales University has signed a new 10-year lease for One Park Row West, the former Capitol Cove condominium complex on the banks of the Moshassuck River the school has used as a student dormitory since 2009. more
Looking for an alternative to credit scores?
Do you ever get the feeling that your credit score doesn’t adequately portray your true risk as an applicant for a home mortgage? more
9/3/12
Sales of foreclosed homes in Providence area drop in 2Q
Sales of previously foreclosed homes in the Providence-Fall River-New Bedford area dropped 22 percent in the second quarter compared with the same period last year, RealtyTrac said Thursday. more
Home sales rise 5% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass. rose 5 percent in July compared with the same period last year while prices remained flat, The Warren Group said Wednesday. more
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