Housing
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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
Sales of new U.S. homes rose to 2-year high in September
Purchases of new U.S. homes rose in September to the highest level in more than two years as the industry that helped bring on the recession forged its way toward recovery. more
Commercial real estate database to be searchable online
Anyone who’s bought or sold a house recently is probably familiar with the Multiple Listing Service in their state, the database where sales and properties for sale, are listed. But for those interested in commercial real estate – potential buyers, sellers, brokers, bankers and insurers – the residential-based system has never quite fit. more

By Patrick Anderson
PBN Staff Writer | 10/15/12

U.S. foreclosure inventory remains near all-time high
The national foreclosure inventory remains near all-time highs, with 4.12 percent of all active mortgages in the foreclosure pipeline, according to the May Mortgage Monitor report released Monday by Lender Processing Services. more
Foreclosures drop, delinquencies rise in Providence metro in July
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.1 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
| 9/25/12
Fed’s Dudley says housing is key obstacle to economic growth
Federal Reserve Bank of New York President William C. Dudley said weakness in the housing market is one of the main forces creating a “disappointing” economic recovery. more
Foreclosure, delinquency rates rise in Providence metro
The Providence-Fall River-New Bedford area foreclosure rate rose 0.04 percentage points in August compared with the same period last year, Corelogic said Thursday. more
Charlestown housing project tops off 6-year effort
Since 1993, Richard H. Godfrey has served as the executive director and CEO of Rhode Island Housing, a privately financed, public-interest corporation that provides safe, affordable homes for Rhode Islanders. It is a self-sustaining public agency, which generates its own operating income, without state funding. more

By Michael Souza
PBN Staff Writer | 9/17/12

HousingWorks: Affordable housing still out of reach for many in Ocean State
Declining real estate values over the past four years have done little to make homes more affordable for the average Rhode Islander, HousingWorks Rhode Island said in its annual housing report released Friday. more
Housing starts in U.S. surged in September to 4-year high
Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs the industry at the heart of the financial crisis is on the road to recovery. more
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