Housing
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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
Home sales surge 20% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass., rose 20 percent, and the median sale price increased 7 percent in August compared with the same period last year, The Warren Group said Thursday. more
Expect to come up short if you’re selling short
With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by underwater homeowners, what impacts can these sellers expect to see on their credit scores? more
9/24/12
Confidence among homebuilders hits a six-year high
Confidence among U.S. homebuilders climbed in September to the highest level in more than six years, adding to signs of progress in residential construction. more
Bloomberg News | 9/24/12
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
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

New policies putting more short sales in play
If you’re underwater and facing financial distress, what might Fannie Mae’s and Freddie Mac’s new short-sale reform policies mean for you? Potentially a lot – even if you are current on your mortgage payments and never imagined that a short sale and principal reduction could be in the cards. more
9/17/12
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

Rumford Center named project of the year
The Northeastern Economic Developers Association has named the Rumford Center as its 2012 Project of the Year. more
| 9/13/12 | 1 comment
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
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