Updated August 25 at 12:30am
Real Estate
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The owners of the West Valley Inn have accepted a conditional offer to purchase the 12-acre property, the listing agent announced Wednesday. The buyer, who was not identified, is expected to negotiate a purchase and sale agreement with the owner within the next several days. more
Home prices in the U.S. rose 5.6 percent in the second quarter from a year earlier, extending gains that have cut into affordability for many buyers. more
The foreclosure rate among outstanding mortgage loans in the Providence-Warwick-Fall River metropolitan area fell to 1.42 percent in June, a decrease of 0.22 percentage points from June 2015, CoreLogic said Wednesday. more
The number of homes sold in Massachusetts dropped for the first time this year in July, by 12.5 percent compared with July 2015, The Warren Group said Tuesday. more
Purchases of new U.S. homes unexpectedly jumped in July to the highest level in almost nine years, led by soaring demand in the nation’s south and adding to signs of persistent housing-market strength. more
The West Valley Inn served its last takeout order on Sunday and is now closed for business. more
A new facility has been built at 375 Wampanoag Trail for University Medicine to serve its primary care and sub-specialty patients. more
The Perry Homestead Historic District has been added to the National Register of Historic Places by the National Park Service. more
U.S. home construction unexpectedly accelerated in July to the fastest pace in five months, indicating the housing industry remains an area of support for the economy. more
The U.S. cost of living was little changed in July, a sign subdued inflationary pressures will give Federal Reserve policymakers reason to keep interest rates low. more
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