Housing
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Woonsocket group lands $300K from HUD for housing efforts
The U.S. Department of Housing and Urban Development will award $300,000 to Woonsocket-based NeighborWorks Blackstone River Valley to execute grassroots efforts to revitalize public housing at the Veterans Memorial Housing and transform the Our Neighbor’s Planning District neighborhood. more
| 10/12/12
Newport estate sells for $8.5M
A 4.36-acre waterfront Newport estate with view of Jamestown and Narragansett Bay has sold for $8.5 million, Lila Delman Real Estate announced Monday. more
Housing market recovery helping bolster U.S. expansion
Sales of previously owned homes and work on single-family projects climbed in August to the highest levels in two years, signaling the residential real-estate market is contributing to U.S. economic recovery. more
Twenty years on, court ruling changes condo law
Two decades after Rhode Island was rocked by the 1990s credit union crisis, lingering complications of the Depositors Economic Protection Corp. era are still being unraveled in unpredictable areas, such as condominium development. more
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
Short-sale rule changes drive sales
More than four years after the foreclosure crisis familiarized Americans with short sales – selling properties for less than the outstanding balances on their mortgages – the barriers to completing them are slowly coming down. more

By Patrick Anderson
PBN Staff Writer | 9/17/12

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
Missed opportunity on credits
Cornish Associates President and CEO Arnold “Buff” Chase said his company has five historic Providence buildings lined up to buy and restore once Rhode Island brings back its historic tax credit program. more
Picerne signs $72M partnership deal with U.S. Army
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
| 12/18/12
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
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