Housing
121 results total, viewing 111 - 120
Providence metropolitan-area home prices rose 2.9 percent in June from the same period last year, according to the Lender Processing Services Home Price Index released Monday. more
You may have seen two sets of news reports recently that didn’t quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country’s largest providers of funds for home mortgages. Then a couple of days later, Fannie Mae announced its sixth straight quarterly profit and said it was sending $10.2 billion in dividends to the Treasury. Freddie Mac also reported a hefty profit – $5 billion over the previous three months – and said it is providing $4.4 billion in dividends to the government. more
(Editor’s note: This is the first of a three-part series exploring the progress of East Providence’s 10-year effort to redevelop its waterfront and what it might mean for a similar effort underway in Providence.) more
Since Congress has taken off on its annual summer recess, you might assume that nothing is happening on Capitol Hill that could affect the taxes you pay on your home. Quite the reverse. more
A middle-income family will spend $241,080 on average for 18 years to raise a child born in 2012, a 2.6 percent increase from a year ago that outpaces the broader inflation rate, according to a government report. more
Condominium sales are still soaring in the Ocean State, with the 55-and-older buyer a key catalyst, according to real estate brokers. more
Commercial property for sale or lease in Rhode Island now has its own territory on a new website specifically designed to accommodate the needs of commercial Realtors, brokers, lenders, assessors and appraisers. more
It’s called “upselling” – steering home-mortgage applicants into higher-cost terms that increase the lender’s profits – and it was rampant during the housing boom years. It worked like this: Rather than putting borrowers into loans at the lowest rates and fees for which they were qualified, loan officers convinced them to sign up for more expensive ones. Loan officers who successfully squeezed more juice, or profit, out of their applicants got extra pay for doing so. more
Rhode Island’s decimated residential construction industry has three small pockets of activity, according to Rhode Island Builders Association Executive Director John Marcantonio. more
Do 75 million homeowners need their own advocate before Congress and federal agencies on issues such as the mortgage interest tax deduction, retention of low down payment loans, and the start of tougher financing rules next January? more
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