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VESTED INTEREST: Gina Lalli, senior loan officer at Shamrock Home Loans, hopes interest-rate cuts will come in 2024 to spur some home sales activity. New mortgage applications in November were 20% lower than they were a year earlier.
PBN PHOTO/DAVID HANSEN

Real estate industry ready for some rate cuts

While many real ­estate agents are dream sellers, Gina Lalli, senior loan officer at Shamrock Home Loans in Newport, often has to give buyers...

2024 forecast: R.I.’s unemployment – ‘nowhere to go but up’

During the COVID-19 pandemic, University of Rhode Island economist Leonard Lardaro says he noticed businesses in the South County region of the state posting...
POWERS THAT BE: Peter Kaczmarek, president of Mearthane Products Corp. in Cranston, has decided to add rooftop solar panels to his facility in part because of concerns about increasing electricity rates in the region. 
PBN PHOTO/TRACY JENKINS

Firms fret about how big their power bills will grow

The massive milling machines and grinders used to make Hindley Manufacturing Co.’s signature wire hardware are power hungry, so it’s no surprise that President...
STILL BUSY: Sally Lapides, CEO and president of Residential Properties Ltd., says she believes demand for new homes will remain strong in 2022. / PBN PHOTO/MICHAEL SALERNO

Housing market forecast: ‘From ridiculous to hot’

Prospective homebuyers shouldn’t expect substantial relief on the horizon when it comes to house prices. Following a record-breaking year for the residential real estate market...
NEW TASKS: Alexandria Kitsilis Cardoso, left, and Christine Kitsilis, co-owners of Angelo’s Palace Pizza in Cumberland, prepare food in the kitchen. Restaurant employees were cross-trained to become delivery drivers or cooks to keep them working when dining room sales dropped due to the COVID-19 pandemic. / PBN PHOTO/MICHAEL SALERNO

R.I. job market could take years to recover

Economists foresee a long, slow rebuilding period following the devastation of the COVID-19 pandemic, with the replacement of lost jobs in Rhode Island taking...
ECONOMIC CONCERNS: Panelists, from left, Kristen Urbach, Thomas O. Sweeney, Stefan Pryor, Mark K. W. Gim and Luke Ebersold discuss a variety of concerns at the PBN Economic Trends Summit while moderator Thomas Zitzouris looks on. / PBN PHOTO/MIKE SKORSKI

PBN summit: High business costs, education are concerns in R.I.

The Rhode Island economy has come a long way since the dark days of the Great Recession, when the unemployment rate was among the...
SUNNY OUTLOOK: Thomas Tzitzouris, director for Strategas Research Partners in New York, tells attendees at the Providence Business News Economic Trends Summit that although the year has gotten off to a sluggish start, he predicts a 2% growth rate in the gross national product in 2020. / PBN PHOTO/ MIKE SKORSKI

Economist doesn’t believe recession in the forecast

Some businesspeople might feel there’s an economic downturn looming ahead, but Thomas Tzitzouris doesn’t see it that way. “There is no reason to suspect there...
KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI

Economists say next downturn won’t be as bad for R.I.

Rhode Island has cranes in the sky, unemployment below 4%, new companies such as Infosys Ltd. and new jobs have arrived in its capital...
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