Housing
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Distressed home sales hit snag
As lenders across the country struggle to sort out confused, sloppy or abusive foreclosure practices, a 2-year-old state mortgage-counseling law in Rhode Island has turned into a stumbling block for many banks trying to move distressed properties off their books. more
Abandoned Woonsocket building will be housing
WOONSOCKET – A deserted building will be turned into nine one-bedroom homes for disabled and formerly homeless men as part of a project that also aims to revitalize the neighborhood, The Associated Press reported. more
8/27/12
Mortgage delinquencies rise in Providence area, drop in R.I.
The share of homeowners falling behind on their mortgage in the Providence-Fall River-New Bedford area rose .03 percentage points in June compared with the same period last year, but fell .06 percentage points in Rhode Island, Corelogic said Thursday. more
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
Easing of city parking ban seen boosting housing
For real estate agents like Christopher Wall of Residential Properties, trying to sell or rent a house in Providence lacking off-street parking has always been a unique and often infuriating challenge. more
Entrepreneurial home-builders point the way
The good news is that from the depths of the Great Recession, Rhode Island has seen a 50 percent increase in new-home starts. Unfortunately, that still puts the state at 30 percent of the average home-construction starts registered from 2000 to 2003 (and further still from the subprime-lending-fueled peak of later years). And well short of a level that can sustain the construction industry at previous employment levels. more
8/20/12
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
Mass. law looks to fight foreclosures
BOSTON – A new Massachusetts law signed by Gov. Deval L. Patrick this month will expand consumer protections against foreclosure. more
8/13/12
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