Real Estate
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Restrictions, mispricing can turn off buyers
With full-fledged sellers’ markets underway in dozens of metropolitan areas around the country, new research has found curious statistical patterns emerging: Even in cities where listings get multiple offers within days or hours, significant numbers of homes are sitting on the market for six months, 12 months or more with no takers. more
5/6/13
‘Superman’ owner’s pitch for state aid falls flat
The $114.7 million plan released last week to turn Providence’s “Superman Building” into apartments generated sticker shock across the state, but few alternatives for the Art Deco landmark. more

By Patrick Anderson
PBN Staff Writer | 5/6/13

Off-market sales find their way into ‘pocket’
How hot is hot when it comes to housing markets across the country right now? Crazy hot: Some houses sell within days, sometimes within hours, of listing. Then there are the growing numbers that sell even before they formally hit the market – sold through a controversial technique known as “pocket listings.” more
5/13/13
Omni grows presence on Fed. Hill
The Omni Group Inc. has nearly made one corner of Federal Hill its own. more

By Patrick Anderson
PBN Staff Writer | 5/13/13

Finding some success with zero-down loans
Who says lenders need to charge you a cash down payment when you take out a mortgage in this era of hyper-strict underwriting? more
5/20/13
Incubators see an emerging market
To fill empty space in a sluggish office market, some Rhode Island property owners have decided to help grow the new corporate tenants of the future. more

By Patrick Anderson
PBN Staff Writer | 5/20/13

Sales of existing homes climb to three-year high
Sales of previously owned U.S. homes climbed in April to the highest level in more than three years even as the market remained constrained by a lack of inventory and strict borrowing rules. more
Bloomberg News | 5/27/13
Short sales can give sellers the short end
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender? more
5/27/13
Downtown vision tied to ‘Superman’?
Central to the argument for saving Providence’s Superman Building with public investment is a vision of the downtown economy driven by residents as much as office workers. more

By Patrick Anderson
PBN Staff Writer | 5/27/13

Historical preservation programs land $54K in grants
The R.I. Historical Preservation and Heritage Commission has awarded eight grants totaling roughly $54,500 to eight local historic preservation programs, the commission announced Friday. more
| 5/24/13
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