Economic Indicators
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Foreclosures in metro drop in August
Lenders initiated 31 percent fewer foreclosures on Providence metropolitan-area homes during August than they did during the same period last year, RealtyTrac said Thursday. more
Moody’s says U.S. faces Aaa cut without budget deal in 2013
Moody’s Investors Service said it may join Standard & Poor’s in downgrading the U.S.’s credit rating unless Congress next year reduces the percentage of debt-to-gross-domestic-product during budget negotiations. more
Lardaro: Economic indicators ‘show some real strength’ in August
Economic conditions in August could signal a re-acceleration of Rhode Island’s economic recovery, with most measured factors showing improvement according to University of Rhode Island economist Leonard Lardaro’s August Current Conditions Index. more
Kids Count: R.I. youth employment rate at 50%
Rhode Island’s youth employment rate, at around 50 percent for those aged 16 to 24, is following in what is being called a dangerous trend of declining against a still struggling economy, according to a new Kids Count report from the Annie B. Casey Foundation. more
Home sales rise again in August
Sales of single-family homes in Rhode Island rose 13 percent in August compared with the same period last year, the 14th consecutive month of increased year-over-year sales volume. more
R.I. foreclosure rate drops slightly in May
Rhode Island’s foreclosure rate fell 0.2 percentage points from May 2011 to May 2012, CoreLogic said Friday. more
R.I. gas drops 3 more cents
Rhode Island’s gasoline dropped 3 cents this week, the fifth week of declines after five consecutive weeks of increases, according to AAA Southern New England. more
U.S. stocks advance amid speculation of more economic stimulus
U.S. stocks advanced, rebounding from yesterday’s decline, amid speculation the Federal Reserve will take steps to stimulate the economy and after the European Central Bank endorsed a plan to guarantee bank deposits. more
Next generation of homebuyers emerges
Melissa A. Sepe is a Realtor for Westcott Properties in Providence. At 28, she’s also in the market for a home herself. Being a Realtor, she understands the process, though that doesn’t necessarily make it any easier to navigate. more
R.I. ranks 26th on economic opportunity index
Rhode Island is decidedly average for economic opportunity, according to a new index developed at Harvard University and the University of Pennsylvania and published by The States Project. more
| 11/19/12
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