What would happen to home values in the event that popular real estate deductions for mortgage interest and local property taxes were cut significantly? It’s an issue you’re likely to hear more about as Congress and the Obama administration wade deeper into “fiscal cliff” and comprehensive tax reform negotiations heading into 2013. more

The Corvias Group has opened a new headquarters in Cary, N.C., for its student housing division Corvias Campus Living, the company announced Tuesday. more

Picerne Military Housing, a division of the Corvias Group, has closed a $72 million public-private partnership deal with the U.S. Army to build on-post barracks. more

Builders in November capped the strongest three months for residential construction in four years and permits climbed as record-low borrowing costs buoyed the U.S. housing market. more

Patrick Boris, a banquet chef in Las Vegas, is inching closer to his own “fiscal cliff,” 2,100 miles away from the political brinksmanship under way on Capitol Hill. If Congress and the White House allow the country to go over the cliff, Boris figures he could owe federal income taxes on more than $100,000 in forgiven mortgage debt following the short sale of his two-bedroom townhome next year – a personal financial “disaster,” in his words. more

The Providence-Fall River-New Bedford area foreclosure rate dropped 0.33 percentage points in October compared with the same period last year, CoreLogic said Thursday. more

Since bringing the National Foreclosure Mitigation Counseling program to Rhode Island in 2007, the HelpCenter at Rhode Island Housing has provided foreclosure prevention counseling to more than 14,000 Rhode Islanders, the organization announced Thursday. more

Purchases of new U.S. homes unexpectedly decreased in December, a temporary blemish as the industry wrapped up its best year since 2009 to emerge as a bright spot for the economy. more

The real estate market in the first half of this year showed a rise in sales and a decrease in median price from the same six-month period in 2011. more

In the third quarter of 2012, 21 percent of the residential properties with a mortgage in the Providence-New Bedford-Fall River area were underwater, CoreLogic said Thursday. more