Real Estate
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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
N.Y. company purchases E.P. apartment complexes for $55M
A New York real estate investment company said Tuesday it has purchased the Winchester Park and Winchester Wood apartment complexes off Pawtucket Avenue for approximately $55 million. more
R.I. home sales, prices tick up in 1Q
Rhode Island’s single-family home sales rose slightly – 0.5 percent – during the first quarter of 2013, the Rhode Island Association of Realtors said Tuesday. more
| 4/30/13
‘Superman’ owner seeks up to $75M in public financing
The owner of the Industrial Trust Tower in downtown Providence is asking for up to $75 million in public financing to transform the historic office building into apartments. more
R.I. foreclosure inventory falls slightly in March
The foreclosure inventory in Rhode Island dropped slightly from March 2012 to March 2013 to 3.1 percent, CoreLogic reported Tuesday. This means that 3.1 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
| 4/30/13
Pending sales of existing homes climbed 1.5% in March
More Americans than forecast signed contracts in March to buy previously owned homes, another indication of progress in the housing market. more
Foreclosure, delinquency rates drop in Providence Metro in February
The Providence-Fall River-New Bedford area foreclosure rate fell 0.14 percentage points for February compared to the same period in 2012, CoreLogic said Friday. more
| 4/26/13
Home sales drop, prices rise in R.I. in March
The median price of Rhode Island single-family home sales rose 9 percent in March compared with the same period a year ago, the Rhode Island Association of Realtors said Friday. more
Capital Properties 1Q profit drops
Capital Properties Inc. reported a 33.5 percent drop in profit to $340,000, or 5 cents per share, during the first quarter of 2013 compared with earnings of $511,000, or 8 cents per share, during 2012. more
| 4/25/13
New home sales strengthen as builders drive growth
Sales of new U.S. homes advanced in March as near record-low mortgage rates helped the industry complete the strongest quarter since 2008, putting the economy on firmer footing. more
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