Housing
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1st Circuit throws foreclosure process into limbo, orders action
A federal appeals court has sided with lenders challenging an injunction in Rhode Island’s improper foreclosure case, remanding the case back to U.S. District Court for further review. more
HUD grants $500K to Narragansetts for housing
BOSTON – As part of $563 million set aside by the U.S Department of Housing and Urban Development, the Narragansett Indian Tribe has received a grant of $499,110 to support efforts to maintain … more
| 6/13/13
Percentage of underwater homes in R.I. rises to 25.8% in 1Q
The number of homes in Rhode Island with underwater mortgages increased to 25.8 percent during the first quarter of 2013, CoreLogic reported Wednesday. more
| 6/12/13
Providence housing market ‘dangerous’ for investors
A new report has shown that Providence is the only one of the country’s top 100 housing markets that is currently classified as “dangerous” for investors, bucking generally positive national trends for home buyers, HomeVestors of America Inc. and Local Market Monitor reported late last week. more
Single-family home sales in R.I. rise 7% in April
Rhode Island single-family home sales rose 7 percent in April compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Report: Housing crisis hit harder in communities of color
Providence communities lost more than $200 million in wealth due to the foreclosure crisis in 2012, according to the “Wasted Wealth” report from the Alliance for a Just Society. more
| 5/28/13
Home prices in U.S. increase by most in 7 years
Home prices rose in the 12 months through March by the most in seven years as the recovery in residential real estate gained momentum. more
HUD awards $2.5M to R.I. to protect against lead paint
The U.S. Department of Housing and Urban Development has award $2.5 million in grants to the Rhode Island Housing and Mortgage Finance Corp. to help “protect children and families from the hazards of lead-based paint and from other home health and safety hazards,” HUD announced Friday. more
| 5/24/13
Report: Affordable housing ‘essential’ to R.I. growth
Workers in Rhode Island’s three most-frequently employed occupation groups earn less than needed to afford the average two-bedroom apartment in the Ocean State, according to HousingWorks RI’s spring affordable housing report. more
| 5/24/13
State kicks-off ‘RhodeMap RI’ economic development initiative
More than 100 Rhode Island residents, business owners, state officials, local planners and lawmakers gathered at the Statehouse on Thursday night to kick off RhodeMap RI, a year-long project to create statewide economic development and housing plans that link with strategies for future development, transportation, land use and the environment. more
| 5/24/13
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