A Habitat for Humanity house going up on a piece of real estate on Old North Road in South Kingstown near the University of Rhode Island may look like just one more realization of a dream for a family looking to put down roots in a place of their own.
Should you be concerned that the maximum loan amount you’ll be able to obtain through the biggest players in the mortgage industry – Fannie Mae and Freddie Mac – might be cut sometime next spring? You just might.
The odd hours and unexpected demands of a real estate agent mean the job is not for everyone, even those with a passion for property. For Susan Arnold, having to respond to a client call the night before her wedding convinced her to look for more predictable work and she found it in corporate purchasing with Pratt & Whitney. But after night school produced a law degree, Arnold was drawn back to real estate, first as legal counsel and eventually CEO of the Rhode Island Association of Realtors, where her combination of corporate, legal and real estate experience was a good fit. Now in her second decade with the Realtors group, Arnold is trying to help her members negotiate challenges like the government shutdown and changes to the National Flood Insurance Program. She says flood insurance in particular - with new maps and the phasing out of subsidized rates for old homes - has caused significant anxiety in the housing market.more
The biggest story in American real estate in 2013 hasn’t gotten the attention it deserves, so let’s shout this out: Homeowners’ net equity holdings soared by $2.2 trillion between the third quarter of 2012 and the third quarter of this year, according to new data collected by the Federal Reserve.
The U.S. Department of Housing and Urban Development on Wednesday awarded nearly $1.8 billion to improve and preserve public housing in all 50 states including Rhode Island, which received $12.6 million.
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