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Rhode Island
Monday, January 21, 2019

Real Estate

CORELOGIC SAID the foreclosure rate fell to 1.7 percent in the Providence-Warwick metropolitan area in January, a drop from 1.69 percent in January 2015. / COURTESY CORELOGIC

Foreclosure rate rises in Prov.-Warwick area in January

PROVIDENCE – The foreclosure rate in the Providence-Warwick metropolitan area inched up slightly in January compared with January 2015, CoreLogic said. The foreclosure rate rose...

Consumer Confidence Index in U.S. increased to 96.2 in March

WASHINGTON - The Conference Board’s index of consumer confidence increased to 96.2 in March from 94 a month earlier, the New York-based private research...
Stefan Pryor, R.I. commerce secretary, is shown with Gov. Gina M. Raimondo. On Monday night, Raimondo and the R.I. Commerce Corporation board awarded several grants to promote growth and business in Rhode Island.  / PBN FILE PHOTO/MICHAEL SALERNO

Commerce RI board approves economic development incentives, funds streetscape projects

PROVIDENCE – MassChallenge will receive $100,000 through an Innovation Matching Grant to help Rhode Island create a “powerful innovation brand” and build its reputation...
BRISTOL COUNTY MIRRORED statewide patterns, showing increases in foreclosure petition filings, auction notices and foreclosure deeds year over year, and year to date, in February. / COURTESY THE WARREN GROUP

Foreclosure petitions jump nearly 46% in February in Mass.

BOSTON – Foreclosure petitions climbed 45.6 percent year over year in February in Massachusetts, marking the 24th consecutive month of increases, The Warren Group...
SOLD FOR SCRAPS: Promet Marine Service is now home to a scrap-metal yard after being purchased by an international scrap-metal recycler. / PBN PHOTO/FRANK MULLIN

New plans for rezoning waterfront

Sweeping visions of hotels, shops and restaurants lining Providence’s industrial waterfront appear dead following the sale of the Promet Marine Services ship-repair yard on...

Pending sales of U.S. existing homes increase by most in a...

WASHINGTON - Contracts to purchase previously owned homes rebounded more than forecast in February as sales picked up in most of the U.S., a...
THE PROVIDENCE METROPOLITAN area saw home prices climb 4.6 percent in January compared with January 2015, Black Knight Financial Services said. / COURTESY BLACK KNIGHT FINANCIAL SERVICES

Black Knight: Prov. metro home prices increase nearly 5% in January

PROVIDENCE – The Providence metropolitan area ranked 21st among the nation’s 40 largest metros for its 4.6 percent increase in home prices year over...

The U.S. housing bust casts a long shadow

House prices may have recovered from the mortgage-lending debacle of the 2000s, but millions of people who lived through the mess still have a...
WHILE FORECLOSURES GENERALLY DECLINED from 2014 to 2015 in Rhode Island, some communities experienced increases. And the still-fragile nature of the economic recovery in the Ocean State still leaves many households spending a significant portion of their income on housing costs. / COURTESY HOUSINGWORKS RI

Foreclosures, late mortgages fall in R.I., but homeowners still stressed

PROVIDENCE – Foreclosures have dropped in Rhode Island, but a large portion of the state’s mortgage holders owe more than their properties are worth. Data...

R.I. home sales rise 24 percent in February

PROVIDENCE – Single-family home sales in Rhode Island rose 24 percent in February, and median prices climbed as well, both indications of what the...
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