Housing
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Foreclosure rate drops slightly in Providence metro
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.31 percentage points in April compared with the same period last year, CoreLogic said Tuesday. more
Improving market could create more ‘pinballs’
In the real estate brokerage field they’re known as “setups” or “pinball” homes, and this spring’s improving conditions in some markets could be stimulating more of them. more
6/25/12
Thayer Street apartment project redesigned
Union Studio architects have redesigned Gilbane Development Co.’s proposed 102-unit luxury student apartment building on Thayer Street in response to neighborhood complaints that the original plan was “massive” and “monotonous.” more
U.S. mortgage rates fall with 30-year at a record low 3.66%
U.S. mortgage rates for 30-year fixed loans declined to a record low, reducing borrowing costs amid an uneven recovery in the housing market. more
Foreclosure starts surge 119% in Bristol County, Mass.
Bristol County, Mass. foreclosure starts surged 119 percent in May compared with the same period last year as lenders across the state initiated a wave of new petitions on struggling borrowers, The Warren Group said Thursday. more
May single-family home sales up year-over-year
Rhode Island single-family home sales rose 15 percent in May compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Mortgage applications on the rise in R.I.
Increased home sales and low mortgage rates have led to increased mortgage activity in New England, according to data from The Warren Group’s Mortgage MarketShare Module. more
| 6/12/12
Court rules that ‘unearned’ fees are legal
In a decision that could have significant impacts on the fees that consumers pay in real estate transactions, the U.S. Supreme Court has ruled that “unearned” fees charged by lenders and other service providers do not violate federal law as long as they are not split with anyone else. more
6/11/12
Providence area vulnerable to $8B in storm surge damage
More than $8 billion worth of property in the Providence-Fall River-New Bedford area is vulnerable to damage from a hurricane-driven storm surge, CoreLogic said Thursday. more
R.I. home prices fall 4.6% in April
Single-family home prices in the Providence-New Bedford-Fall River area dropped 4.6 percent in April compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
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